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Secrets to successful cask whiskey investment with Martin Littler
Manage episode 273363455 series 2478169
Rob is joined by Martin Littler who is an independent antique consultant and whiskey broker. He specialises in helping people to realise the best price for their antiques, prestige goods and investment products. They dive deep into the world of whiskey investment, touch on how to realise a good return for other goods too. As well as discuss strategies for success that apply regardless of the kind of business or investment model you are involved in.
Sign Up For MSOPI Here: https://bit.ly/msopi-nomad
KEY TAKEAWAYS
- Using a brokerage service cuts out the auction house and enables the seller to avoid losing about 40% in fees.
- Adding value and finding a gap in the market are two ways entrepreneurs can make money in all situations.
- You make your money when you buy - this applies whether you are buying property, whiskey, or antiques.
- In the past decade, whiskey has gone from being a drink to being a collector´s item that has status.
- Whiskey investment is always long-term, you have no choice but to wait 20 or 30 years to release the value.
- Regardless of what investment you want to make you have to educate yourself and understand the market or be prepared to be ripped off.
- There is no point in buying bottles of whiskey and keeping them, everyone is doing it, so that market is mostly saturated.
- Buying whiskey casks is still potentially highly profitable, but you need guidance, it is all too easy to pay too much.
- Pay attention to how the whiskey is stored and taken care of, a lot can be lost through leakage alone.
- Make sure the cask is really in your name and cannot be re-sold
BEST MOMENTS
‘Even though you have got the same item, it can have different values in different markets.’
‘You make your money when you buy.’
‘What's exciting about whiskey is it's just transformed from being a drink to a status symbol. So, what you're looking is an industry in its infancy’
VALUABLE RESOURCES
Buy to Let: How to Get Started – By Rob Smallbone (Amazon)
Cask Whiskey Guide by Mark Littler
CONTACT METHODS FOR GUEST
ABOUT THE HOST
Rob Smallbone the host of The Property Nomads Podcast, is on a global mission to guide your success. Success can happen in many ways, shapes, and forms. Think about what success means to you. More properties? More clients? Financial freedom? Time freedom?
Rob wants to make a huge difference to people around the world. He is here to guide your success in property, business, and life and to inspire you to achieve your goals, dreams, and visions. He's travelled, explored, and invested. And he's not planning on stopping these activities anytime soon.
Buckle up, sit tight, and enjoy the ride that is life.
CONTACT METHOD
uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast
466 つのエピソード
Manage episode 273363455 series 2478169
Rob is joined by Martin Littler who is an independent antique consultant and whiskey broker. He specialises in helping people to realise the best price for their antiques, prestige goods and investment products. They dive deep into the world of whiskey investment, touch on how to realise a good return for other goods too. As well as discuss strategies for success that apply regardless of the kind of business or investment model you are involved in.
Sign Up For MSOPI Here: https://bit.ly/msopi-nomad
KEY TAKEAWAYS
- Using a brokerage service cuts out the auction house and enables the seller to avoid losing about 40% in fees.
- Adding value and finding a gap in the market are two ways entrepreneurs can make money in all situations.
- You make your money when you buy - this applies whether you are buying property, whiskey, or antiques.
- In the past decade, whiskey has gone from being a drink to being a collector´s item that has status.
- Whiskey investment is always long-term, you have no choice but to wait 20 or 30 years to release the value.
- Regardless of what investment you want to make you have to educate yourself and understand the market or be prepared to be ripped off.
- There is no point in buying bottles of whiskey and keeping them, everyone is doing it, so that market is mostly saturated.
- Buying whiskey casks is still potentially highly profitable, but you need guidance, it is all too easy to pay too much.
- Pay attention to how the whiskey is stored and taken care of, a lot can be lost through leakage alone.
- Make sure the cask is really in your name and cannot be re-sold
BEST MOMENTS
‘Even though you have got the same item, it can have different values in different markets.’
‘You make your money when you buy.’
‘What's exciting about whiskey is it's just transformed from being a drink to a status symbol. So, what you're looking is an industry in its infancy’
VALUABLE RESOURCES
Buy to Let: How to Get Started – By Rob Smallbone (Amazon)
Cask Whiskey Guide by Mark Littler
CONTACT METHODS FOR GUEST
ABOUT THE HOST
Rob Smallbone the host of The Property Nomads Podcast, is on a global mission to guide your success. Success can happen in many ways, shapes, and forms. Think about what success means to you. More properties? More clients? Financial freedom? Time freedom?
Rob wants to make a huge difference to people around the world. He is here to guide your success in property, business, and life and to inspire you to achieve your goals, dreams, and visions. He's travelled, explored, and invested. And he's not planning on stopping these activities anytime soon.
Buckle up, sit tight, and enjoy the ride that is life.
CONTACT METHOD
uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast
466 つのエピソード
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