Alt Investments - Anyone Invest in Whiskey Bottles?
I know the alt investments are popular right now and I want to diversify a little bit. Does anyone have any experience investing in whiskey?
I recently went to a whiskey pairings dinner and had a nice time. I wouldn't call myself an expert or anything, just something I paid for as a fun thing to do. There were some master distillers there from some big houses and one of them dropped a tip that one of their older whiskey was potentially going to be discontinued. The bottle currently retails for $900 and they think it can go to $1500.
I know, I know. The company rep was telling me to buy from their company. But they had it there for tasting and I enjoyed it. So, from my newbie perspective, the worst case scenario is that I'll be set for my Christmas drinks for the rest of my life. But what else should I know before buying say 3-4 bottles? Is there a strategy for obtaining them? I figure I'll buy 3-4 of these and keep one open for special occasions and store the others. What else should I know?