Although investor attention is mainly focused on stocks or cryptocurrencies, investment in an entirely different kind of assets has paid off the most in the year just ending. For she left behind both Bitcoin and the shares of technology companies.
All sorts of online trading platforms offer not only investments in conventional assets such as equities, bonds or cryptocurrencies, but also in branded wines or distillates. According to one of them, LiveTrade, the investment in wines Salon le Mesnil 2002 paid off the most in 2021. The value of this line’s wine has risen by more than 80 per cent during the just ending year. The bottle is trading at a price of around $15,700.
Bitcoin has appreciated only by around 78 per cent this year. The New York Stock Exchange’s NYSE FANG+ index, which includes shares of Facebook, Amazon, Netflix, Google, Tesla and Microsoft has firmed by just under 19 percent since the start of the year.
Several factors are behind the wine investment boom, according to LiveTrade chief executive Matthew O’Connell. “From low interest rates to high volume of accumulated savings in high-income households,” O’Connel said for Reuters. People are said to be looking for opportunities to assess their money above average and at relatively low risk, which wine investment is fulfilling.
