Why whisky cask investment is booming: The smart way to diversify your portfolio
The world of finance and investment is often seen as dry, but add whisky to the mix and suddenly things get a little more interesting.
Investing in whisky is a growing marking, considered by increasing numbers of investors looking to diversify their portfolios.
And it’s more straightforward than you might think, especially if you enlist the help of a specialist company, and do your due diligence to decide if it’s the right fit for you.
Whisky Partners is one firm in the sector and has a broad range of clients – from those who love a tipple and are tickled by owning some of Scotland’s national drink to serious financial investors, who think there’s money to be made.
So, how do you buy a cask, and what are returns likely to be?
Why whisky?
As with any other investment, profit is never guaranteed, nor can the extent of variance, up or down, predicted. However, Whisky Partners says this sector of the financial market has suffered less from swings in recent times, compared with traditional bonds or the stock market.
And the extra tax perk is certainly attractive – whisky casks are capital gains exempt, thanks to the natural evaporation of the spirit in the cask, known as the Angel’s Share.
Buy through Whisky Partners and they manage the storage and insurance too, so you know in advance what your initial outlay will be
Download this free Whisky Partners’ guide for more information.
Not for quick returns
Just like the whisky itself, think of this as an investment to be sipped and savoured – there’s no quick gains in the whisky investment market. The spirit has to mature for a minimum of three years and a day in the cask before it even can be called whisky. Many sit in the bonded warehouse for 10 years or more to intensify the flavour and make them more desirable to the drinking public.
A spokesperson for Whisky Partners said: “The best results come from those who allow enough time for the liquid inside their cask to mature into the smooth, golden liquid the world desires.”
About the firm
Invest with Whisky Partners and your own dedicated portfolio manager will use their expertise to guide you through all the process, including what to invest in and when would be a good time to sell. The sale often happens at specialist whisky auctions, through private sales happen too. You may well choose to bottle your own cask to ensure you keep some of the liquid benefits for your own enjoyment.
There is no guarantee of a return, but, according to the firm, whisky is more reliable than some traditional investments. Find out more in the It’s your cask, your choice section.
For more information and to begin investing, download Whisky Partners’ free guide.
This is paid for content on behalf of Whisky partners, and does not necessarily reflect the views of the Yorkshire Post. As with all financial investments, your investment may go down as well as up, and people re recommended to take financial advice.