A59-year-old father from Coventry is heading for an early retirement after turning a £4,700 investment on whiskey into a whopping £225,000.
Roger Parfitt, who works as a bank manager, bought a Macallan cask for £3,200 and a Tobermory cask for £1,500 27 years ago and has now sold the two casks to Whisky Investment Partners for a 4,600 per cent increase on his initial investment.
Roger Parfitt, who has made more than £200,000 from two casks of whiskey
Mr Parfitt has used the money to pay off his mortgage and also to bring forward his retirement by three years.
Mr Parfitt said:
“I remember thinking, if it doesn’t appreciate in value, the worst that could happen is that you would have to get it out of the warehouse, bottle it and drink it.
“It always had that fall back for me – you could drown your sorrows if it didn’t work out financially!”
He also plans to take his wife, Helen, to visit family in Florida, as well as a long list of fishing and golfing trips with his good friends.
However, he’s not done in investing in whiskey, despite not being an expert in the drink himself, as he sees it as a good alternative strategy for investing.