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I'm only 19 years old but I am looking in starting some new found investments and want to go with something creative and different from just stocks or ETF's or something like that.
New Mexico has some good wineries and I have a hunch, due to the attention and increased tourism NM has received in recent years that the value of NM wine could go up.
I have noticed that the wine shelves in our grocery are filling up with all manner of different and new brands of wine. Seems to me that anyone that made a bundle during the 70's to 2000's has bought or started a winery. I think the market for wine and winery's is near saturation.
If you are really willing to go out on a limb, or leaf, you might investigate marijuana farming. As more states make producing, processing and possessing pot legal there will be an increasing demand for the stuff. As the THC is confined to the female plants you might be able to breed a plant with high THC in the female and 12 foot stems in the male plant. The latter can be used for all manner of things.
The only reason I don't try this is I am too damn old and don't have the start up capital.
Well, you have to be 21 years old to legally taste wine in New Mexico. There are New Mexico wineries scattered around, there are some in nearby Corrales. We go to the Bernallio Wine Festival every so often.
What do I think? You need some cash ($50,000 or more) you need some business sense, start studing business opportunities...
Poncho, have you tried their Membres Red? OMG it's good. Red wine and meant to be served chilled.
Not recently, but I use to enjoy Red wines and just faded to the whites for some reason. I'm not a wine expert or connoisseur, but I grew up having a taste of wine. My father was from Spain. But, I have a list somewhere of wines I liked...
I think from a market standpoint, the New Mexico wine industry is too immature to be a wise investment from a hands-off standpoint.
If you are thinking of becoming an actual partner with decision making abilities, or starting your own winery, and you have the background to do so, it may be worthwhile. New Mexico is capable of producing good wines.
But to just give your money to a New Mexico winery and expect a dividend at some point wouldn't be smart. Not even in a state with a proven track record of producing excellent wines and a huge national market like California.
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