3 Simple Rules
1. Select a good vintage year from a reputable chateau. Just as your first stock market investment would have been FTSE-100 companies, your first wine purchase should be first growth (premier cru) Bordeaux.
2. Purchase the wine early on in its life whilst prices are low, before demand, rarity and time inflates values to significant heights.
3. Store the wine ‘in bond'; the Inland Revenue views fine wine as a ‘wasting asset' and not as an investment. In certain circumstances capital gains tax may be payable, but generally all profits are exempt from capital gains tax provided, of course, the wines are held ‘in bond'