It used to be difficult to invest in whisky casks, access was a real issue. But, today, it's relatively straightforward. If you're keen to buy and own a whisky cask, you can. In this article we're going to explain how you can invest in whisky casks.
First, thinking about the basics
The first step is to think about the basics. What type of whisky casks are you looking for? What is your budget? Are you comfortable keeping your money in the whisky cask for the medium to long term? What are your hopes for investment return, and do you understand the risks? Making sure you've thought about the basics will stand you in good stead when it comes to investing in whisky casks.
Second, choose a whisky cask broker to work with
It's important to properly research the market, and the cask brokers working in the market. You need to find a cask broker you trust, can work with, and whose whisky casks are priced at market rate - not above market rate. Questions to ask yourself include: How long has the broker been around? Do they hold the correct licences? Are their customer reviews good? A good cask broker is an important partner to find.
Next, time to pick your whisky casks
There are so many whisky casks to choose from, the list of options is endless. Here are some of the criteria you can choose from:
- Age of spirit
- Peated or unpeated spirit
- ABV of spirit
- Cask type
- Cask size
All these factors will influence the price of the cask. They could also influence how long you'll want to hold the cask. Plus, there is of course a personal taste factor! There are no right or wrong answers here, it's down to your preference. Again though, just make sure the whisky casks are priced fairly.
Finally, buying your whisky cask
Once you've decided which cask, or casks, to buy, it's time to seal the deal. The paperwork will detail the transaction, and payment will complete it. Then, you'll own your whisky casks! The final, but important, detail to note is to make sure you do actually own the whisky cask. It's important that the ownership is with you, rather than the cask broker, as it gives you more security.
Would you like to invest in whisky casks?
If you'd like to invest in whisky casks, we'd be pleased to help. Spiritfilled is a cask broker. We help our clients buy and sell whisky casks every day. We are licensed by HMRC to buy and sell whisky casks. And our customers have given us 4.9/5 on Trustpilot, with an 'excellent' rating. We have a full cask list with a wide range of options. You can contact us here, and one of our whisky cask experts will talk you through the process further, as well as the whisky casks we have available.
If you're still researching (researching is important!) you may like to download our Whisky Cask Investment Guide here, for further reading on the subject.