Investing can be daunting for those without a lot of experience. There’s a lot to consider, and many aren’t sure how to break into the game. However, it doesn’t need to be so scary.
You don’t need to sit down with a dense collection of stock prices and call a broker to make your purchases. You don’t need to have inside information to find the best places to put your money.
In fact, you have plenty of opportunities to invest in items you enjoy. Some might say that’s one of the best ways to get into the market. And for people who have a profound respect for the art of making bourbon, investing in bourbon barrels might be exactly what you’re looking for.
Experienced investors are always looking for the next big thing, and bourbon barrels can satisfy this need as well.
But how is that possible? And what could it potentially offer an investor?
Here are six reasons why investing in bourbon barrels provides so many options:
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Different Ways to Invest
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The Many Uses of Bourbon Barrels
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Maturation of Whiskey Means Maturation of Investment
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Plenty of Opportunity
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The Market Is Strong
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Combine Your Interests With Your Portfolio
Different Ways to Invest
The first set of options afforded by investing in bourbon barrels are simply the various ways you can do it.
The first, and most direct way to invest in bourbon barrels, is to research distilleries that you enjoy. Find their contact information, call them up, and inquire about purchasing a barrel of bourbon. Some distilleries will offer options for existing barrels, new spirits barrels, or barrels that will be soon distilled.
Your choice from these options will depend on your plans for your investment.
The Many Uses of Bourbon Barrels
The physical barrel itself can be used in many different ways. The first and most obvious is that it’s used to store, age, and flavor the whiskey inside. This is the most common usage of the barrel itself, but it is not the only use.
Bourbon barrels often have a second life after the original batch of whiskey has been drained from within. They can be sold off to other spirits producers for aging secondary liquors such as tequila, rum, and even wine.
Bourbon barrels have even come into fashion as furniture items such as tables and chairs.
These interesting constructions offer more opportunity for returns even once the spirits inside are gone.
Visit Brindiamo Group to learn more about investment opportunities!
Maturation of Whiskey Means Maturation of Investment
The entire point of making an investment is for your initial injection of funds to grow into something worth your while. Investing in Bourbon barrels offers the tangible ability for your investment to mature as time goes on.
There’s a measurable improvement of your barrel that is reflected in the worth of your investment.
Long maturation times generally mean an improvement in the quality of whiskey. And higher quality whiskeys will fetch a higher price on the market.
This means that your whiskey will improve inside the bourbon barrel over time, thus making your investment grow along with it.
Plenty of Opportunity
As of 2018, there are 73 distilleries in Kentucky — the birthplace of bourbon. This wide range of options for bourbon sources means you don’t have to settle for anything.
Many distilleries will gladly send out samples of their product. This gives you the ability to find a bourbon that not only matches your personal preference, but one that you feel has the best opportunity to provide a profitable return on your investment.
Ample choices are a necessary tenet to a wise investment. You don’t want to put your money behind something you don’t truly believe in.
The Market Is Strong
Bourbon might seem like a creative investment opportunity to many, but it actually makes a lot of sense when you look at the demand. Whiskey has been experiencing a boom over the last decade, and it doesn’t look to be slowing down any time soon.
Investing in bourbon barrels — depending on your chosen tactic — might take a little time to mature. This is fine because people aren’t going to stop drinking whiskey.
A strong market means investing in bourbon barrels has a fairly low level of risk. There will always be some level of risk with every investment, but your fears can be mitigated by the fact that this product is experiencing a current boom and is all but guaranteed to remain in good standing.
Combine Your Interests With Your Portfolio
The best investments are the ones that provide great returns while remaining interesting. And if you have an interest in bourbon, investing in bourbon barrels is a match made in heaven.
Brindiamo Group has helped producers and investors make advantageous connections for years. Visit us today to learn more about your options and opportunities.