Buddy J
13 Nov 2007, 4:41pm
http://www.reuters.com/article/lifestyleMolt/idUSL099544920071112
Saw this today on Luxist.
Whisky can be a high yield asset for investors wary of volatile equities markets, he said at the launch of his World Whisky Index, a website that aims to bring buyers and sellers of rare and expensive whisky together.
"If you invest in stocks, there is always the risk the value will go down. With whisky, we do not see that," he told Reuters as a piper in full Highland regalia played the bagpipe to mark the launch of the index.
"It is a very stable investment. The annual rate of return is 12 percent," said Kappen.
12 percent is right around where a good mutual fund should be, mirite? The booze market sounds way more fun, although temptation to drink your assets away might be a bit much.:wink:
Saw this today on Luxist.
Whisky can be a high yield asset for investors wary of volatile equities markets, he said at the launch of his World Whisky Index, a website that aims to bring buyers and sellers of rare and expensive whisky together.
"If you invest in stocks, there is always the risk the value will go down. With whisky, we do not see that," he told Reuters as a piper in full Highland regalia played the bagpipe to mark the launch of the index.
"It is a very stable investment. The annual rate of return is 12 percent," said Kappen.
12 percent is right around where a good mutual fund should be, mirite? The booze market sounds way more fun, although temptation to drink your assets away might be a bit much.:wink: