I had a catch up with an old friend yesterday and he was talking about the fact that he’s started investing in wine recently.
Now, I (naively!) had it in my head that that meant, he was going out and buying bottles to store in some cellar he had. But it’s not that, it’s more that he ‘buys’ wines from suppliers who keep and store it on their premises and he then receives bids/offers for that wine from other users - so it’s a proper marketplace.
In addition, the returns he’s seen has outstripped standard ISA investment and the returns are tax free.
Is anyone else doing this? It’s peaked my interest.