Andy Pick, a 49-year-old stay-at-home father in Atlanta, recently bypassed the stock market for liquid assets -- $120,000 in champagnes. He bought 400 bottles, mostly 1996 vintage, that he says he plans to "sit on" for 10 or 15 years and then sell at a profit.
"It sure beats looking at a Merrill Lynch monthly statement," he says, adding, "The worst thing that could happen is that I drink all of it."
Thursday, 9 October 2008
According to The Wall Street Journal, non-traditional investments as diverse as comic books and alpacas are becoming more popular as the stock market continues to tank. Fine beverages are no exception:
Posted by Hunter at 12:27