Plenty of liquidity in whisky
I tried investing in Port for a while, but despite some fantastic ports out there (2011 is a great vintage, though still very young) the port market always seems flat.
Taylor’s tried to introduce a luxury port (1863, pre-phylloxera in Europe) at £2,500 a number of years back - you can still buy it now at the same price I believe.
Great post.
I think these asset classes are actionable if you have deep knowledge in the given niche. E.g. if you are into retro consoles, likely you can tell what ‘things’ (games, hardware?) are good investments in that space. Otherwise, it’s an uphill battle to learn about something you haven’t spent years delving into.
I heard on the InvestED podcast about a lady who’d buy fur coats at yard sales. She’d know exactly which one was worth how much, and she’d push for a discount on that price.
In an Invest Like the Best episode, Patrick interviewed a guy who was in the business of exploring new asset classes, and he invested into a range of things from watermelons to Instagram profiles to well-reviewed Airbnb accounts.
In the art niche, I read in a Cody Shirk newsletter (this one) about the process he used to buy paintings. I don’t know if his approach would work in the UK, although replacing ‘Craigslist’ with ‘Gumtree’ makes it sound actionable. I’m curious if anyone did anything like this though.
I think the takeaway is, investing is way bigger and more interesting than most people expect.
As always, none of this is advice of any kind (financial, life, etc), and I hope no one kicks in the door tomorrow morning at the office with a resignation letter in hand, ready to trade retro game consoles! But I do hope to hear of alternative investments I’ve never thought of. Love learning.
Absolutely. I deliberately tried to shy away from going into detail about individual asset classes, as there are simply too many! The important thing is understanding that investing goes much deeper than just stocks & bonds, and to give a new perspective to that vase you’ve been holding onto in the hope that “it will be worth something, some day”
Rally Rd. is a New York startup letting people invest in classic cars from $50 a share, they are said to have over 50k members so far. I’ve not dived to much into their offering as it is not available in the UK, but on the surface it looks cool. Seems people in North America get cooler things like Rally Rd, and Alpaca Market first
I’ve been dabbling with Estate Guru for the last year or so. They crowd fund property loans in Eastern Europe. I’ve been getting returns of 10%-12% which is obviously pretty great. Now I’m not sure how well it will do during the next big property downturn but it’s been fun to play with.