How do you start investing in whisky?

How to start investing in whisky? 

Investing in whisky has become increasingly popular in recent years. For that reason, you may have become interested in this unique form of investing. However, before you buy your first bottle or cask, it's important to be prepared and to be aware of the best way to invest in whisky. What are the benefits of whisky? What should you take into account when you start investing in whisky and which platform can offer you the best help? In this blog, we offer you a clear step-by-step plan for people who want to start investing in whisky.  

Benefits of investing in whisky 

Before we dive into the steps you should take when you start investing in whisky, let's take a look at the key benefits you can take when investing in whisky.  

High efficiency 

Investments in whisky have historically yielded high returns. Scarce and rare bottles and casks can increase in value as they age.  

Growing demand, limited supply 

The demand for the various whiskies, and in particular Scotch single malt whisky, continues to rise. However, the production quantity is and remains limited, so the combination of these leads to higher prices.  

Tangible asset 

Unlike digital or financial assets, whisky is a tangible investment, which you can physically see and store.  

Diversification 

Whisky can be a valuable addition to a diversified investment portfolio, which helps to spread risk.

Step-by-step plan for starting to invest in whisky 

Step 1: Do thorough research.
Before you start investing, it is essential to be well informed. For example, research the different types and brands of whisky, the influence of maturation and the trends in the market. Additionally, it is important to understand the factors that influence the value of whisky. Consider, for example, age, rarity and quality.  

Step 2: Determine your budget.
Determining your budget is a crucial step. Investments in whisky can range from a few hundred to well into the thousands of euros, depending on exactly what you want to buy. It is therefore good to know in advance how much you are willing to invest (at most).

Step 3: Choose your strategy.
Decide which form of whisky investment is best for you. Do you want to invest in bottles or kegs? And do you invest yourself or do you use the expertise of a handy platform that can help you invest in whisky? Bottles may offer faster returns, while casks require more patience but can also provide greater profits. 

Step 4: Buy from Trusted Sources.
It is important to buy whisky from reliable and reputable parties to avoid counterfeits. For example, buy from well-known distilleries, specialist traders or other platforms that have proven to be important players in this market.  

Step 5: Store and manage your whisky correctly.
The storage of whisky is of great importance for maintaining the value of the drink. For example, store bottles in a cool, dark place and kegs in a climate-controlled environment. Make sure you properly insure the whisky against damage or loss, and keep detailed documentation of your purchases.  

Benefit from expert assistance with your whisky investment 

Do you think it is too much work to go through all the above steps and do you want to work with a party that helps you from A to Z to achieve the best results? Then you can also choose to invest on a platform, such as Scotch Whisky Investments, who will support you with everything to turn your investment into carefree capital appreciation. From selecting the right bottles and casks to the storage of your investment and from quality management to the sale of the whisky: you will be guided through everything, so that you hardly have to worry about your investment. Contact us or need a brochure for more information? You can!