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Investing in anything is risky, but wine adds the fickleness of the market place to a product that may not live up to predictions.

It's almost as if you were picking a four year-old soccer star as a pro prospect in fifteen years. Not impossible, but extremely tricky.

Before you spend your money on wines that are supposed to double or triple their value in ten years time, make sure that you know the pros, cons, and pitfalls.

Like casual wine collecting, it all begins with a basic love and passion for wine.

Playing the wine market means an initial investment in an education — to learn about more about wine ratings and scoring, prices and futures. Meanwhile, it's the wise investor who will buck the trends and focus only on wines from the best vintages, and take advice from only top sellers (while avoiding the counterfeits and scams offered by the disreputable.)

Getting to know your way around top wine auctions. priority may then be put on buying insurance and building a high-caliber home wine cellar.

For the lucky and educated, wine can be a good investment. With growing demand for a limited supply of a popular product, some investors view fine wine as possibly one of the best alternatives to Wall Street.

Even if your picks turn out to be bad financial investments, at worst you may end up with some very fine liquid assets to share with friends - which leads us inevitably to the basic rule of thumb for new wine investors: never ever invest in more wine than you can drink ...

More about wine investing around the Web:

Wine Investment - Get a virtual college education from decanter.com's special look at wine investing including chapters on properties and regions to invest in, where to buy and sell, top picks of great (and not so great) investments with general tricks of the trade and related resources for more information.

Invest Drinks.org - If you are thinking of buying wine as an investment strategy, before you get started visit Jim Budd's drink investment site. Although most companies are trustworthy, wine investing has its fair share of scammers and many of the names can be found on Jim's site.

The 5 Rules of Investing in Wine - The pros and cons, and do's and don'ts of wine investing with tips and advice on paying attention to vintages and ratings, where (and who) to buy from, with related advice on wine storage and proper record keeping.

Fine Wine Investment Advice - A good wrap up of the basic essentials you need to know before you invest, with related resources to more information about storage, wine scores, wine futures, insurance and related topics from Wine Searcher.com.

Wine as an Investment - Information for the new wine investor including where to find the top wine auctions, investing in futures, counsel on avoiding the trends, with related case studies and examples.

also see -> Wine Classes | Wine Collecting | Wine Forums

Wine Grapes | Wine Ratings | Wine Reviews

Vineyards | Viticulture