Why investing in wine usually isn't worth it

Stocks yield higher returns and are less risky than investing in fine wines.

The Conversation

Investing in fine wines has become increasingly popular over the past few decades as many in the viticulture industry have promoted fermented grapes as a way to boost returns and diversify a portfolio. The rapid rise in public interest has been accompanied by a growing body of economic literature. The evidence suggests it may not be wise to buy wine as investment instead of for drinking. Investing in common stocks yield higher returns in the long run -- and is less risky.

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