Brisbane, Australia (PRWEB) March 24, 2005
The problem with investing in wines (other than the temptation of drinking them) has been the lack of a reliable source of price information for valuation and evaluation purposes.
Now, however, wine investors have access to a reliable source of investment wine data, similar to the data stock traders have long been able to use in evaluating public companies. Using Just Data's flagship software, BodhiGold, wine investors can now load investment wine data into popular technical analysis and portfolio management software and track their investments much like stock investors do.
Enhancements to the BodhiGold software now provide users with investment wine prices in addition to the traditional end-of-day international stock prices. Wine investors can now update their portfolio of wines with the simple click of a button.
In addition, they can use popular technical analysis techniques to help decide what investment wines to buy and sell.
"This opens up new opportunities for traditional investors to diversify a small part of their overall investment portfolio into an asset class that they might not have considered in the past due to lack of reliable, up-to-date data," said Just Data director Chris Charles. "It also adds a bit of fun to investing."
Investment wines are generally sold on the secondary retail market at prices in excess of their original purchase price. These retail prices are collected and processed by Just Data, ensuring that the prices reflect actual market prices rather than 'shelf' prices.
Gavin Trott, proprietor of the Australian Wine Center, said he found the new software Âan excellent opportunity for our wine investors to get regular, true valuation of their cellar based on actual market prices."
BodhiGold has been specifically developed to provide end-of-day data for popular technical analysis and portfolio management programs over multiple asset classes and international securities. BodhiGold is fully configurable, so users can tailor their databases and data to suit individual needs and requirements.
With the addition of wine data, sourced from MW Wines Pty. Ltd., clients can now track investment wines like Penfold's "Grange" and Wild Duck Creek Estate's "Duck Muck" using the same software tools as they would for securities traded on the New York Stock Exchange.
Just Data is offering a free trial version of the software by contacting firstname.lastname@example.org or calling 61-7-3821 5177.
Bodhi is the registered trademark of Electronic Information Solutions Pty. Ltd., trading as Just Data.
About: Just Data:
For nearly 15 years, Just Data has been delivering end-of-day financial data to traders and investors. Just Data originated in Australia but its customer base has rapidly expanded worldwide in recent years because of the Internet. Just Data has an ongoing commitment to quality and to expanding coverage of investable asset classes and international securities.
About: Australian Wine Centre:
The Australian Wine Centre arranges for the buying, selling, storage and transportation of fine and rare wines.
About: MW Wines Pty. Ltd.
MW Wines is a leading wine merchant providing wine connoisseurs and the wine trade with the worldÂs fine and rare wines, specialty wine auction services and wine storage.
Electronic Information Solutions Pty. Ltd.
T/A Just Data
Tel: 61-7-3821 5177
Fax: 61-7-3821 1287