228: Investing in Bordeaux "En Primeur" Wine Futures

Invest Like a Boss

Sam Marks Johnny FD Derek Spartz

Investing, Business

4.8 • 518 Ratings

🗓️ 5 May 2022

⏱️ 76 minutes

🔗️ Recording | iTunes | RSS

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Summary

Sam interviews Cult Wines CEO Tom Gearing for the second time (first appearance ILAB 161), to get a more specialized look at the most important wine region in the world. Bordeaux, France has an annual wine futures purchasing period called "En Primeur" and Tom explains how to get involved in this and find the best values for future wine profits. Then Sam and Derek talk about their thoughts on wine and how we've progressively covered this subject on ILAB. Sam also teases that he will give a first hand telling of his experience at En Primeur in the next episode as Sam actually attended the event and was able to sample over 100 wines from the barrel.

Listen to ILAB 228 on iTunes here or subscribe on your favorite podcast app.

Where we are:

Johnny FD – Ukraine / IG @johnnyfdj
Sam Marks – Barcelona / IG @imsammarks
Derek Spartz – Los Angeles / IG @DerekRadio

Sponsor:

Indeed
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Discussed:

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ArtofFX – Start with just a $10,000 account (reduced from $25,000)
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*Johnny and Sam use all of the above services personally.

Time Stamp:

13:10 – Is this “En Primeur” 2021 or 2022?
14:10 – Is this event unique to bordeaux?
16:17 – What happens at “En Primeur” week?
19:18 – Who can go or would you expect to see at the event?
20:50 – Are all the local growers participating?
25:35 – How much of the chateau’s production is sold at “En Primeur”?
28:33 – How does the tasting and buying work?
34:20 – Does the release price change every year?
39:52 – Can anyone attend the event?
42:25 – Historically, has allocation yielded a positive return?
47:35 – Is there a plan to how much of Cult Wines purchasing is allocated to “En Primeur”?
52:57 – Patreon question: Are you working with Blockchain technology to track wines?
54:11 – Patreon question: Is there a solution to being denied cards even with a high enough credit score?
57:45 – Any wines you are particularly interested in?
60:04 – Sam and Derek review

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Transcript

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0:00.0	What's up, bosses? Before we kick off this episode, I want to tell you about our sponsor this week.
0:04.8	It is Indeed.com. These are our hiring goals, they say. They're very aggressive. But when everyone
0:12.2	looks to you, you're calm. Why is that? Because you know you don't need a miracle. You need
0:17.3	Indeed. Indeed is the hiring platform where you can attract, interview, and hire all in one
0:24.2	place. So instead of spending hours on multiple job sites searching for candidates with the right
0:29.3	skills, Indeed is a powerful hiring partner that can help you do it all. They have all kinds of
0:36.1	great time-saving tools to help you find amazing talent,
0:40.6	like Indeed's Instant Match assessments and virtual interviews. I'm going to tell you all about those
0:46.5	features coming up in the break in the show. But if you want to get a jump start on hiring right now,
0:52.6	we're going to hook you up with a $75 sponsored job credit to
0:56.5	upgrade your job post when you head over to Indeed.com slash iLab. This offer is only good
1:03.2	for a limited time. So claim your $75 credit now at Indeed.com slash I-L-A-B. One more time, that's Indeed.com slash I-L-A-L-L-A.
1:15.8	Terms and conditions apply. Pay per qualified applicant not available for all users. Need to
1:21.4	hire, you need, indeed. All right, let's kick off this episode of Invest Like a Boss.
1:27.0	Welcome to the Invest Like a Boss podcast.
1:29.3	I'm Sam Martz.
1:30.2	And I'm Johnny FD.
1:31.1	We're self-made entrepreneurs who invest our own money and use modern technology to invest like a boss.
1:35.5	Join us each week for exclusive interviews with our network of modern investors,
1:39.0	business owners, and multimillionaires to discover new ways to invest our hard-earned cash.
1:46.4	What is up bosses?
1:48.4	Episode 228 of the Invest Like a Boss podcast.
	...

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