Finer Things in Life Make the Best Investments of 2018 – The Wall Street Journal

Finer Things in Life Make the Best Investments of 2018  The Wall Street Journal

Who beat the market this year? Investors who like the finer things in life. Luxury assets, including wine, art, classic cars and fancy colored diamonds, have outperformed stocks and bonds this year. “People are looking for a place for their cash, and the security of holding something physical is appealing,” said Anthony Maxwell, director at Liv-ex, the London-based wine exchange. “They are looking outside securities, and gold is not what it used to be.” Investors who put money into art at the beginning of the year saw an average gain of 10.6% by the end of November, according to Art Market ...