Kipling's Journal

Where are you and where are you going?
horsewoman
Posts: 461
Joined: Fri Jun 07, 2019 4:11 am

Re: Kipling's Journal

Post by horsewoman »

I just wondered where do you store all this wine?

Kipling
Posts: 68
Joined: Fri Mar 17, 2017 11:10 am
Location: London

Re: Kipling's Journal

Post by Kipling »

@horsewoman - wine storage is indeed an issue for most collectors. I am lucky in that my parents' home in the country has a cellar that is very temperature-stable, cool, and damp. So, 85% of my wine is there, 5% is en primeur that hasn't landed in the UK yet, 5% is in bonded storage in UK, and 5% in a wine fridge in my flat in town.

jacob
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Joined: Fri Jun 28, 2013 8:38 pm
Location: USA, Zone 5b, Koppen Dfa, Elev. 620ft, Walkscore 73
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Re: Kipling's Journal

Post by jacob »

In Chicago (and presumably elsewhere) there are several commercial wine storage companies. Similar to a storage units but temperature/humidity controlled. Cost is $2-4/bottle/year. Some companies will even take delivery and send out bottles so you don't have to show up in person.

Kipling
Posts: 68
Joined: Fri Mar 17, 2017 11:10 am
Location: London

Re: Kipling's Journal

Post by Kipling »

@ jacob - yes, specialist wine storage facilities are increasingly common since the early 1980s i.e. when people who accumulated wine no longer automatically lived in houses that had cellars. In the UK the best storage facilites are (some way) underground to avoid failure of electronic or mechanical temperature and humidity control units. There are quite a few repurposed nuclear bunkers, air raid shelters, ammunition storage facilities etc. that are now used this way. Cost is less in the UK than it sounds to be the US, normally below $2 a bottle (including insurance against loss and theft- it's quite hard to break into a nuclear bunker). Collection and delivery is typically at cost. But even at $2 a bottle, an 850 bottle wine collection would be 0.2 JAFIs. Having stuff is expensive.

Kipling
Posts: 68
Joined: Fri Mar 17, 2017 11:10 am
Location: London

Re: Kipling's Journal

Post by Kipling »

Assets and liabilities check 02/08/20

Assets

Property - £377,000
Saleable collections - £15,000

Pension 1 - £23,000
Pension 2 - £491,000
Pension 3 - £85,000
Pension 4 - £93,000

ISAs - £40,000
NS&I - £36,000
Cash at bank - £14,000
Loans out - £12,000
Tax refund due - £4,000
Holiday refunds due - £3,000

Gross - £1,193,000

Liabilities

Credit cards - £5,000
Committed spend on flat - £3,000
Committed spend on holidays - £1,000

Net - £1,184,000

I spent £6,251 in July. Flat expenses were £2,541, about £1,500 of which was parts, paint and so on for tidying up my flat, and the remainder a pre-payment on the building works which start on Tuesday. I spent £1,405 on holidays - mainly a trip to Paris this last week but also some pre-payments for a further trip in October. Wine purchases were £725, of which £560 was spend already committed several months ago. £165 of new spending, just five bottles of wine, is probably the least I have spent on wine in a month in ten years, so I am going to treat that as a win... I spent £581 on food which included all the food for a long wekend with my parents. £510 on meals out- a couple of long glorious blowouts with dear old friends who I hadn't seen for many months. I spent £227 on hobbies, £165 on personal care, £56 on clothes (like for like replacements of things that had worn out) and £33 on miscellaneous items. Yet again I spent nothing on tubes, trains (other than Eurostar) or taxis. I had 7 'no-spend' days.

No investments were made in July but I have a high cash balance now to fund the maintenance project on my flat and the remainder will allow me to put some more away. I am considering putting my flat on the market, but so it seems are several others in the block I live in. Let's see if the superior interior of mine allows me to achieve a premium price but I've trimmed the value a bit. I have some refunds due from my holiday to the US being cancelled - the refunds are coming but the companies concerned are always slow to part with the cash.

I have enjoyed July. I was completely burnt out at work the first two weeks but I have been on holiday the past two weeks and have had almost no contact with the office. I barely remember what work feels like, it is like a distant bad dream. I have spent most of the last week staying at a friend's flat in Saint-Germain. A morning run, a croissant and some coffee, a trip to an art gallery, a very good long lunch, an afternoon snooze, shopping for a light supper, an after-dinner stroll, and so to sleep. Wonderful. Now back in the UK and reality (and work) returns tomorrrow...

I did 24 exercise sessions plus 14 yoga sessions, moving on from 'absolute beginners' yoga videos to 'beginners'. In June I got in a car as a passenger six times, and on Eurostar twice, but otherwise travelled entirely on foot. I averaged 15,726 steps a day. I don't know if I have gained any weight although the looseness of clothes would suggest not. [My cleaner broke my scales so I can't weigh myself. A 'first world problem'...]

ThriftyRob
Posts: 89
Joined: Wed Jul 01, 2020 7:20 am

Re: Kipling's Journal

Post by ThriftyRob »

I found your journal from a forum search for 'wine making' – in your July post you mentioned wine (not surprisingly) and you wrote about 'making people' stick to agreements, hence the hit. I found your journal interesting and whilst you're clear about where you are now, I would be interested to know where you're headed in terms of ERE goals. Have you set a limit for how many bottles of wine you intend to own?

Superior interior decor usually speeds up property sales and also strengthens your hand in negotiation (no work/spending required for the new owners). Generally agents value properties with reference to comparables, adjusted for floor area, overall condition and 'delights' (e.g. river view). But every flat is unique and can only be sold to one buyer.

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fiby41
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Joined: Tue Jan 13, 2015 8:09 am
Location: India

Re: Kipling's Journal

Post by fiby41 »

Thrifty (and Histro if he is reading) viewtopic.php?p=95640#p95640 Jacob tells how to retrofit for wine 4 replies down.
For the honouring contracts perhaps a trip to the London Mithraeum musuem viewtopic.php?p=202040#p202040

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