The Hot Alternative Investments to Watch in 2021(2021년 주목해야 할 뜨거운 대체 투자)
Whisky, music and the great outdoors are just some of the other ways to put your money to work.
위스키, 음악, 그리고 야외에서 하는 멋진 일들은 돈을 벌기 위한 다른 방법들 중 일부에 불과하다.
By Edward Robinson
Art, wine, jewelry, classic cars… These are the alternative assets affluent(부유한) investors often buy when they want to diversify their holdings and have some fun collecting beautiful objects.
예술, 와인, 보석, 클래식카... 이것들은 부유한 투자가들이 그들의 소유물을 다양화하고 아름다운 물건들을 수집하는 것을 즐길 때 종종 사는 대안 자산이다.
Yet there are a number of other unorthodox(정상적이 아닌) moves you could consider that not only bestow the pleasures of ownership but also aren’t tied to the ups and downs of capital markets.
그러나 소유의 즐거움을 줄 뿐만 아니라 자본 시장의 흥망성쇠에 얽매이지 않는다는 것을 고려할 수 있는 다른 비이성적인 움직임들이 많이 있다.
In searching the globe for worthy possibilities, Bloomberg Wealth sought out ideas for assets that can withstand the vicissitudes of the 21st century economy. As 2021 commences with interest rates near zero, a frothy stock market spurring bubble fears, and the global outlook clouded by the Covid-19 pandemic, you may find inspiration in these offbeat ways to invest.
Some of these alternatives are a twist on a familiar investment, others are brand new, while still others are simply strange. The best part is you don’t have to be ultra-wealthy to invest in them.
An employee moves a wooden cask of Chivas Regal blended Scotch whisky at the company's Strathisla distillery in Keith, U.K.
Photographer: Simon Dawson/Bloomberg
Cask Whisky: An Investment to Savor
Bottles of 95-year-old Scotch whisky have gone for $1 million to $2 million at auction in recent years. But savvy collectors don’t mess around with bottles: They buy whisky by the barrel. That’s because Scotch gets better with age, and unlike wine, it stops maturing when transferred from wooden casks to glass bottles. The barrels, which are made of American or European oak, imbue the spirit with vanilla, caramel and other flavors.
As a result, aficionados are increasingly enlisting whisky brokers to secure casks that are approaching their bottling dates. The casks are stored in certified warehouses. When it’s ready, a 20-year-old hogshead barrel will yield about 230 bottles, says Andy Simpson, the co-founder of Rare Whisky 101, a brokerage and consulting firm in Scotland. A perk: You can have the whisky bottled and branded with your own label.
With Asian demand surging (as it did in rare wine a decade ago), there’s a bullish case for buying now. There have been some notable auctions of rare whisky in the last 12 months.
Why now: Spurred by rising demand from Asian investors, the value of rare whisky has soared 564% in the last decade, and the asset has outperformed not only fine wine but every other luxury asset, according to the Knight Frank 2020 Wealth Report. Knight Frank’s data shows rare whisky soaring despite the volatility in markets in recent years.
Risks: Casks, which are stored in warehouses, can leak and break down, degrading their contents so much that the liquid no longer qualifies as Scotch. You can insure casks, but that won’t make the whisky you’ve waited for taste any better.