Gavin offers some more sound advice on whisky investments and refers to a recent Forbes article The article states The current state of the secondary whisky market is characterized by uncertainty, presenting opportunities for discerning investors. To navigate this landscape in 2024, potential investors are advised to heed three key considerations. Firstly, it is crucial to recognize that whisky, like any investment, carries inherent risks with values subject to fluctuations. Prudent investors should only commit funds that they can afford to lose. Secondly, the practice of buying bottles for quick resale, known as flipping, has become increasingly precarious. The market is expected to experience a decline in both volume and value in 2024. Factors contributing to this decline include a surplus of sellers, a diminished pool of buyers due to reduced disposable income, and heightened awareness of tax implications associated with flipped bottles. Thirdly, the recommendation is to adopt a long-term investment approach. While some may experience quick financial gains, sustained success in the whisky investment realm often stems from strategic purchasing and a commitment to holding assets for an extended period.
Whiskey Investing: Current Market Status and Future Trends
