Yes, and in those cases, their 'lifestyle choices' have deprived them of options now. But for those who have maintained a bit of financial discipline, there are unique opportunities to realise some serious once in a lifetime gains.
There is nothing wrong with your plan to trade down and invest the excess money.
Of course like all plans the success depends on the execution, but with care and thought you should be fine
Any expressed market opinion is my own and is not to be taken as financial advice
For those of you that may be interested , one of MMMs diversity investment inflation fighting dollar falling fund strategies over the last eighteen months amungst other things has been rare alcohol.
I have had a mate work in the wine and alcohol auction industry nearly two decades ago and another good mate who also worked in the industry and has a collection of old grange and that sort of thing. While I have been interested in it before, I have never invested in th. segment before. But when looking through investment and diversity strategies over the years, it has come up a number of times to the point I could not overlook it anymore.
Investing in alcohol, can be done with both old and recently released alcohol. If you don't like the idea of storing wine, you can invest in spirits as well. You then dont need to worry about temperature or turning the bottles like wine.
There are all kinds of entry levels for investors. From hundreds of dollars to 100s of thousands of dollars for some.
One recent release my friend assured me would double in two years time was only released late last year. He was able to source me 12 bottles for which I paid 15k. From my understanding, these are already triple or more in price and it has not even been twelve months since release.
They are a good worldwide investment and a good hedge also for a falling dollar. But you need to get the right product.
If you are keen to go wine, its hard to go wrong with a good vintage grange, and these can be had for reasonable prices. If you are keen to go sprits, you can get something as cheap and simple as a 1940s , 50s , 60s 70s bottled Johnny walker red label for under a grand, or a black. For entry levelers, I would suggest a 1940s bottled red label. My personal favorite johnny walker is the blue label 1805, for which 200 bottles were made.
Royal salute , which is chivas regal, it one of the better performing spirits, and has seen double digit growth each year for the last five years.
Of these , one of my absolute favourites and a great investment is the 2003 realease royal salute 50 year old , for which 255 bottles were released , it was $10,000 on realease in 2003.
The ultimate royal salute, was realeased in 2011, only 21 bottles. Asking price upon release, only 200k. I have though about talking in detail about diversity and investing, but its just not worth the time and effort anymore, seem to cop a lot of abuse and little if any appreciation.
Yes, and in those cases, their 'lifestyle choices' have deprived them of options now. But for those who have maintained a bit of financial discipline, there are unique opportunities to realise some serious once in a lifetime gains.
Maybe they are better of just keeping their Sydney home and riding this growth story all the way to the top, no transaction fees, happy where they are and potentially larger capital gain.
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