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In view of the current situation, which of the above investment path has best ROI potential?
1) Wine
-Since the Euro has dropped quite a bit, prices of French wine should be relatively attractive.
-Wine to me is quite recession proof. since only the well off appreciate wine and invest in them.
2) Land
-US dollars has also dropped against S dollar. So now is also a good time to buy.
-But I am concern about the health of the US economy. My *guess* is that a lot of pple are burned by the last property bubble that it will take some time before investors to look at property related investment. So true, less investors will want to look at developing land right now. Especially since there is still a housing glut out there.
3) Traded Endowment
-Same idea as wine. Since UK pound is low, it should be cheaper to buy the endowment now.
-But I heard from you that currently the endowment is not as attractive as most are around 4% over 4~5 years. Right?
-What I don't understand is why now the rates are slightly lower compared to say 1 year ago? shouldn't the rate stays the same?
To add to traded endowment, I read from latest Jim Rogers Blog that UK outlook is bad and the deficit is getting larger, much like US. So how are we able to guarantee that the UK govt is able to give 90% guarantee to each person's traded endowment?
adriantal wrote:To add to traded endowment, I read from latest Jim Rogers Blog that UK outlook is bad and the deficit is getting larger, much like US. So how are we able to guarantee that the UK govt is able to give 90% guarantee to each person's traded endowment?
Anybody has any insight into this?
Thanks.
Adrian
Hi Adrian,
the guarantee is provided by Financial Services Compensation Scheme, basically each policy UK Insurer sell, they need to contribute fund to this scheme, so it is NOT an empty guarantee from UK government, which is why I have confidence.
On the contrary, Singapore has NO such guarantee, so it is already safer than Singapore Endowment Plans just from this perspective.
Cheers!
Dennis Ng - When You Master Your Finances, You Master Your Destiny
Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
1) Wine
-Since the Euro has dropped quite a bit, prices of French wine should be relatively attractive.
-Wine to me is quite recession proof. since only the well off appreciate wine and invest in them.
Hi chezball,
my apologies, missed your question on Wine. Remember do NOT invest into Australian Wine (too much supply), if you really want, you can consider French Fine Wine, go for the better rating wines, rated 95 or above by Robert Parker.
Yes, I personally do have some money invested into French Fine Wine and think one can consider investing into Wine for Asset Allocation and Diversification purpose.
For Wine, you need to hold for at least about 3 to 5 years typically to see any meaningful appreciation.
Cheers!
Dennis Ng - When You Master Your Finances, You Master Your Destiny
Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
I remember Wallstraits used to deal with wine investment, just curious to know what happens to them since you are quite a regular forum member in the past? (That's how I got to know you )
They advocate on value investing strategy adopting the Warren Buffet way of investment, but things don't really turn out quite well on their portfolio. I used to follow them closely for stock investment but end up losing money as some of the recommendation by them end up in really bad shape eg. CAD investigation on company directors, counter suspension etc.
It's such a disappointment as I thought I have got the right mentor to learn from
I remember Wallstraits used to deal with wine investment, just curious to know what happens to them since you are quite a regular forum member in the past? (That's how I got to know you )
They advocate on value investing strategy adopting the Warren Buffet way of investment, but things don't really turn out quite well on their portfolio. I used to follow them closely for stock investment but end up losing money as some of the recommendation by them end up in really bad shape eg. CAD investigation on company directors, counter suspension etc.
It's such a disappointment as I thought I have got the right mentor to learn from
I remember Wallstraits used to deal with wine investment, just curious to know what happens to them since you are quite a regular forum member in the past? (That's how I got to know you )
They advocate on value investing strategy adopting the Warren Buffet way of investment, but things don't really turn out quite well on their portfolio. I used to follow them closely for stock investment but end up losing money as some of the recommendation by them end up in really bad shape eg. CAD investigation on company directors, counter suspension etc.
It's such a disappointment as I thought I have got the right mentor to learn from
I think WallStraits.com is a good Real Life Example to show that Warren Buffett stlye of investing might not work in Singapore as Curtis (the founder) has found out through his experience, buying so-called Valued Stocks that bombed out subsequently. Many people who followed him blindly lost money investing into those stocks, including United Food, Powerplus, just to name a few.
Cheers!
Dennis Ng - When You Master Your Finances, You Master Your Destiny
Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
1) Wine
-Since the Euro has dropped quite a bit, prices of French wine should be relatively attractive.
-Wine to me is quite recession proof. since only the well off appreciate wine and invest in them.
Hi chezball,
my apologies, missed your question on Wine. Remember do NOT invest into Australian Wine (too much supply), if you really want, you can consider French Fine Wine, go for the better rating wines, rated 95 or above by Robert Parker.
Yes, I personally do have some money invested into French Fine Wine and think one can consider investing into Wine for Asset Allocation and Diversification purpose.
For Wine, you need to hold for at least about 3 to 5 years typically to see any meaningful appreciation.
Hi Dennis,
Yes I agree that we should avoid Australian wine for investment. They are good for drinking (cheaper choice!) but not for investing.
So looks like you favor wine over land and traded endowment investment for now. Is that correct reading of your reply? Is it because mainly of the lower Euro now?
1) Wine
-Since the Euro has dropped quite a bit, prices of French wine should be relatively attractive.
-Wine to me is quite recession proof. since only the well off appreciate wine and invest in them.
Hi chezball,
my apologies, missed your question on Wine. Remember do NOT invest into Australian Wine (too much supply), if you really want, you can consider French Fine Wine, go for the better rating wines, rated 95 or above by Robert Parker.
Yes, I personally do have some money invested into French Fine Wine and think one can consider investing into Wine for Asset Allocation and Diversification purpose.
For Wine, you need to hold for at least about 3 to 5 years typically to see any meaningful appreciation.
Hi Dennis,
Yes I agree that we should avoid Australian wine for investment. They are good for drinking (cheaper choice!) but not for investing.
So looks like you favor wine over land and traded endowment investment for now. Is that correct reading of your reply? Is it because mainly of the lower Euro now?
nope. I have more money invested into UK Endowment and Land, compared to Wine. Just a personal preference.
Cheers!
Dennis Ng - When You Master Your Finances, You Master Your Destiny
Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
If I am not wrong, you invest the French wine through Assetton. I also invest French wine through them after I hear about your wine investment in one of your seminar.
I have a few questions here, hoping you can share with us your experience with Assetton.
1) So far have you sell any of your French wine through Assetton ?
2) Did you make any profit ?
3) Do you have to pay 10% commission to Assetton when you sell the wine ?
4) Do you know how does Assetton sell the wine for you ?
5) How long do they take to sell your wine ?
So far my experience with Assetton has been very disappointing. After the sale, whenever I have question to ask them about my wine, they took a long time to answer me or call me back. I have to send them several email and call them a few time to remind them. When the Euro Debt crisis happen, I need advise from them and also to find out how much loss I have suffered, but Assetton take 1 month to get back to me. Only after I send them a few email and call them a few time. When they finally call me back, they told me they are busy selling their wine.
If I am not wrong, you invest the French wine through Assetton. I also invest French wine through them after I hear about your wine investment in one of your seminar.
I have a few questions here, hoping you can share with us your experience with Assetton.
1) So far have you sell any of your French wine through Assetton ?
2) Did you make any profit ?
3) Do you have to pay 10% commission to Assetton when you sell the wine ?
4) Do you know how does Assetton sell the wine for you ?
5) How long do they take to sell your wine ?
So far my experience with Assetton has been very disappointing. After the sale, whenever I have question to ask them about my wine, they took a long time to answer me or call me back. I have to send them several email and call them a few time to remind them. When the Euro Debt crisis happen, I need advise from them and also to find out how much loss I have suffered, but Assetton take 1 month to get back to me. Only after I send them a few email and call them a few time. When they finally call me back, they told me they are busy selling their wine.
James
Hi James,
for wine, I intend to hold at least 3 to 5 years. My reply to your questions:
1. No.
2. not realised yet, still holding on to my wine, unfortunately, some were bought when prices were high in year 2007.
3. yes, there are commissions payable when one sell wine. I think other Wine Investment companies charge 12% commissions, even higher.
4. How do they sell wine for investors? I think they can sell to other wine brokers, collectors, investors etc.
5. I have not asked them to sell any of my wine, so have no personal experience to share on how long it takes for them to sell my wine.
Cheers!
Dennis Ng - When You Master Your Finances, You Master Your Destiny
Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
Does anybody here has any experience of selling your wine through Assetton. I really like to know whether they really help you to sell your wine and what is your experience dealing with Assetton ?
I had bought through Assetton as well. However I am not able to advise you on selling as I had not sold any yet.
As for experience with them, for me so far has been good. Who is the person dealing with you?
I believe they have a lot of enquires recently as the wines from the 2009 harvest has just been out and accordingly, the 2009 harvest is rated very highly and thus should be highly sought after.
Mostly I talk to Roger and Mohan, both of them took a long time to get back to me whenever I have enquires.
Since you bring up that people are buying 2009 wine now, I want to share with you all another thing when I invest my wine with Assetton.
In Feb 2009, when I meet up with Roger and Mohan they introduce me to buy the 2007 vintage Ausone French En premier wine. Recently I just found out from some friend and people who has knowledge about wine and they told me that for those who know about wine, they will not buy 2007 vintage wine even if it is a premium wine because is not a good year for wine.
So I ask Mohan why they introduce to me the 2007 wine which they should have known is not a good year for wine since they are expert in wine investing. He tell me that Premium wine is different category and it should not mix with up with other category of wine. And he commented that alot of people out there don't know about wine investing. So he try to tell me that my 2007 vintage Ausone wine is still good value for investment.
Frankly speaking I am skeptical on Mohan explanation. I was invited to a few wine tasting session organize by well known wine distributor and from there I get to know some people who really know about wine and they know what is Premium wine and investment. I told them my wine investment with Assetton. They all tell me that they would not buy 2007 vintage Premium wine if they have a choice.
Therefore I think even for Premium wine, you have to be careful which year of wine you are investing. So I really don't understand how come at that time Roger and Mohan did not warn me about this.
So on top of the loss I incur from the weakening of the Euro Currency, now I may have difficulty to sell away my wine because 2007 vintage is not a year that wine buyer preferred.
