I have written about this before. Interest rates are plunging and savers, especially in Britain and Europe, are faced with extremely low interests rates on their bank accounts. The stock market in the UK is also taking a bit of a battering especially the FTSE 250. The annuity rates on pensions are also taking a battering.
You may be tempted to invest in wine instead for your old age. Please read my previous blogs if you are tempted. Do not fall for the cold caller who promises you wonderful capital gains on a wine investment account. Check out the bona fide of a trader before you invest. Only trade with a reputable and well established trader. Always remember that a higher rate of return represents a higher risk.
This is true of any investment. If a wine deal is promising higher rates of return than a reputable and well established trader then your risk of losing both your money and your wine is much higher.
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