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Back to news listWine market wobbles - some thoughts
Q3 of 2011 has come as something of a shock to many inexperienced wine investors, with the first softening of prices seen in the market for 2 ½ years.
The Liv-ex 100, considered by many to be the benchmark wine market index, has retreated by 11% in the last 3 months, with all other Liv-ex indices showing similar contractions. (We are, however, keen to point out that the wines we have selected for our clients have softened by less than half of this rate, and many have bucked the trend and increased in value)
Whilst these drops in values aren’t as significant as those felt by the FTSE 100 (which sits at identical levels as this time 2 years ago, whereas the Liv-ex 100 is up 55% even taking stock of the recent falls) or gold (down 16% in the last 30 days), they are nevertheless worth passing comment on...
Those investors who have been receiving our messages for long enough will recall us advocating investment in a very similar vein to this at that time, and those with the pluck and the foresight to take us up on our offers went on to do very well indeed, thank you very much.
We all know, of course, that no market can or will move continuously north. Softening prices may be unwelcome for those already invested, but they are a natural and inevitable effect of any organic market place and especially in markets that have enjoyed such stellar growth and for so long. But those of us who’ve been in the market long enough to have witnessed this in the past aren't worried in the slightest. When the bounce comes, the reversal of fortunes can be sudden and dramatic as merchants running on deliberately low stock levels scramble to re-stock the shelves.
So our message is simple: These apparently unfavourable market conditions actually contain the seeds of rare opportunity - but this situation won't hang around for long. The alternatives - ever watered down cash savings, or stockmarkets vulnerable to bank failures or Sovereign defaults scarcely warrant consideration, meaning that assets are king. And it is for these reasons that APM achieved its highest ever monthly sales in September, and we've already broken that record at this mid point of October.
We urge you to remind yourself that the fundamentals of the market - burgeoning demand in those parts of the world that are still growing, and finite, diminishing supply - haven't changed, so if you can; buy buy buy!
Ian Dodd, SurreyI was utterly thrilled to receive £13,000 into my account this month, having invested £5,175 with Albany less than a year ago.
November 2010
K OlivierI have recommended Albany Portfolio Management to many of my friends and that is testimony in itself as I do not do that lightly. I will continue to highly recommend them as I found them to be honest and hard working with a cutting professional edge sadly lacking elsewhere in the industry
E PrzygrodzkiI have found dealing with APM to be hassle-free, offering time and sound advice to the wine novice which I certainly am. The recent invitation to lunch at Brooklands [APM's storage facility] was a real treat...
E Przygrodzki...It is good to be able to put faces to the names of those we are dealing with and very interesting to be able to visit the 'caves' where our wine is stored. It was also rewarding to meet some of the fellow investors. A real cross section of people from all walks of life.
B GlassI discovered Albany Portfolio through a favourable article in Moneyweek. From the outset the team have been most helpful in advising me in this new area of investment for me...
B Glass...I am regularly kept up to date by regular emails and when there is especially interesting propostion by phone. I am delighted with the performance of the portfolio that I have built up in the last eighteen months and look forward to developing it further.
D RicciardiI have always been interested in wine mainly as a drinker, but also interested in its history, so after some very good detail from Albany I invested in Chateau Latour. I received a very nice certificate with all of my details on it and all of the relevant numbers. In that time, 2 years my investment has doubled which I am very pleased about
P AleyIt is always a pleasure dealing with APM. All its staff are very helpful, polite and knowledgeable and offer advice in a balanced manner. It is easy to trade (selling as well as buying!) and James and David are always happy to chat about my portfolio...
P Aley... Customer care is excellent. The latest and best wines are usually available with reasoned advice about why and when to purchase and at competitive prices. Thank you and well done APM!
I McKinnesAll of the APM team are highly professional and knowledgeable without a hint of the hard sell we have encountered elsewhere.
A FishleighI have been impressed by the advice received from my advisers in Albany Wine who combine a "gently gently" approach with professional fine wine expertise which has been very much appreciated. I would recommend them to other wine investors.
E PrzygrodzkiI was recommended APM by a friend and have now passed on my recommendations to my own friends as the number one company to use if you wish to invest in wine. The company has a sound backing offering the confidence an investor needs.