Getting started with investing can be intimidating for those who are new to it. With so much to think about, it's understandable to feel overwhelmed. But don't worry, it doesn't have to be as daunting as it seems.
You don't have to stress about diving into a sea of stock prices or contacting a broker to make your investments. You don't need any insider knowledge to discover the perfect places to grow 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.
Seasoned investors are constantly on the lookout for new opportunities, and investing in bourbon barrels can definitely meet that demand.
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:
Different Ways to Invest
The Many Uses of Bourbon Barrels
Maturation of Whiskey Means Maturation of Investment
Plenty of Opportunity
The Market Is Strong
Combine Your Interests With Your Portfolio
The first set of options afforded by investing in bourbon barrels is simply the various ways you can do it.
To start investing in bourbon barrels, consider researching distilleries that align with your tastes. Reach out to them, inquire about purchasing a barrel of bourbon, and explore options for existing barrels, new spirits barrels, or barrels in the distillation process.
Your choice of these options will depend on your investment plans.
The bourbon barrel itself offers a multitude of uses. While its primary purpose is to store, age, and infuse the whiskey within, it also has various other applications beyond this.
After the original batch of whiskey has been drained from within, bourbon barrels often find a second life. They can be repurposed and 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.
The primary goal of investing is to see your initial funds grow into a valuable asset. Investing in bourbon barrels provides a concrete opportunity for your investment to mature over time.
The value of your investment increases as the bourbon barrel matures, reflecting a measurable improvement.
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 indicates that as the whiskey matures inside the bourbon barrel over time, your investment will also grow in value.
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.
Numerous distilleries are happy to send samples of their product, allowing you to discover a bourbon that not only aligns with your personal taste but also offers the best potential for a profitable return on your investment.
Ample choices are a necessary tenet of a wise investment. You don’t want to put your money behind something you don’t truly believe in.
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 may require some patience to see returns, but rest assured that the demand for whiskey is not going away anytime soon.
The robust market for bourbon barrels indicates a relatively low level of risk in this investment. While all investments carry some level of risk, the current boom in the industry provides a solid foundation for sustained growth and stability.
The most successful investments are those that offer excellent returns while also catering to your interests. If you have a passion for bourbon, investing in bourbon barrels could be a perfect fit for you.
Brindiamo Group has helped producers and investors make advantageous connections for years. Visit us today to learn more about your options and opportunities.