There are a million reasons to love a good bottle of wine. For starters, it gets better with age, it can bring back wonderful memories, and it often can make you money.
The London International Vintners Exchange, a.k.a. the Liv-ex, is a global fine wine marketplace. Its Fine Wine 100 Index, of the top 100 wine bottles in the world, is up 22% over the last year. Compare that to the SP500 up just around 13%.
Even better, the wine world has been creating jobs and opportunity in tons of areas beyond the vineyards. It has become its own economy.
So should you invest in the wine world?
It's easier to figure out your teenage daughter than the stock market these days.
But since both probably drive you to drink, look no further than the wine in your glass for your next investment.
Investing in the wine world has gotten so much easier. Granted you must always be diligent about counterfeit bottles, but thanks to auctioneers like Sotheby's and Winebid, there's much more transparency and liquidity in the market.
Of course, every day should be Champagne Day. Not only does it work great with a ton of foods, from seafood and cheeses to popcorn and potato chips, but it also hits the spot after a long day. More importantly, it's appreciating in value again, according to the London International Vintners Exchange, the Liv-ex, which is a global fine wine marketplace.
After the crash in 2008, many people didn't want to be as showy so they put wine in their basement. But, that has changed. People don't want their cellars in the basement anymore. They want them upstairs - visible - in the kitchen or their dining room. What they are made of has also changed. No more wood, now they're made of sleek metal and glass. So the next time you have that glass of wine - know that it has created an industry - it has given people jobs, and that makes the wine taste even better. TheStreet's Special Correspondent Tracy Byrnes has details from Wall Street.
And whether it's for investment purposes or it's just a passionate hobby, cellars are filling up everywhere.
But unlike Matchbox cars and Barbies, wine quickly can become one of your biggest assets. Yet so many people leave it uninsured.
Read more: How to Insure Your Wine Collection