I could use some advice from people who know more way more about this stuff than I do. A friend has asked if I'm interested in being one of the final investors in a new brewery set to open early next year. They're looking for a couple people at the 25k level. Here's the good / bad that I know already, but I could really use more insight.
Good:
-Being run by older people who have strong business backgrounds
-Brewmaster has decades of experience in homebrewing, with literally hundreds of awards from regional, state, and national contests
-I've been drinking his homebrews for years and can say without bias that 90% of them are better than the majority of what's being produced in the county
Bad:
-Rampant speculation than the brewery market is already overcrowded
-I'm under the impression than a staggeringly high number of places in the food and beverage industry fail fairly quickly
-Brewmaster is a retiree and is already approaching this with the plan of working with someone to eventually be his replacement, so no idea what the future product will be like
What do you think? I'm not much of a gambler - the majority of my investment portfolio is in target retirement funds and Vanguard's IT ETF. I am by no means wealthy, so $25k is not "nothing" to me, but it wouldn't completely ruin me financially if I were to lose it (I think).
Submitted August 05, 2018 at 02:06AM by AlwaysTheNoob https://ift.tt/2ObomnS
