Marcus Hiles – Three Tips for a Budding Wine Collector

Marcus Hiles Wine has been a wine collector for many years. After his property development business, Western Rim Properties, took off in the Dallas area decades ago, he has started his own wine collection and continues to add to his impressive stores in his wine cellar whenever he can. Hiles has learned many tricks of the trade of being a wine collector over the years, including these three useful tips:

Marcus Hiles Wine

  • Decide on a budget from the get-go. According to Marcus Hiles and other wine collectors, you can build a perfectly fine wine collection on a low budget. The key is to decide on a budget that will still allow you to find the perfect wines when you want them without overextending yourself.
  • Stick to what you like. Over time and over the course of many wine tastings, you’ll find yourself particularly enamored with certain types of wine. The best way to find enjoyment in collecting wines for decades is to collect the kinds of wine you most enjoy. You’ll devote yourself to finding the best wines around the world if you love the wine you’re buying, collecting, and drinking.
  • Decide if you want professional refrigeration. Many wine collectors do so for the investment. They want to preserve their bottles for resale value. Others are less serious and only collect wines for their own enjoyment. Professional refrigeration is usually only for those in the former category who need to protect their investments and it’s worth the cost.

Marcus Hiles has learned many things about wine and wine collecting over the years and has worked hard to build his extensive collection.

 

Advertisements

Marcus Hiles, Wine Collector – Personality Traits of Successful Investors

In addition to being a wine collector, Marcus Hiles Wine is also the Chairman and CEO of Western Rim Property Services, which is a real estate development and investment company that is based in Texas. In order to ensure the success of the company, Hiles must be capable of making sound investments that offer the highest possibility of strong returns. This is the goal of all successful investors, who tend to exhibit the following personality traits.

Marcus Hiles Wine

Logical Thinking

Investing based on emotion is not always the best choice, as it can cloud your judgment and prevent you from seeing issues that may affect the investment in the long run. You should always approach your investments logically, which will allow you to see them from a neutral perspective that offers you the chance to identify issues.

Working Well With Others

During your career as an investor you will likely work closely with fellow professionals in a variety of industries. As such, it is important that investors are agreeable people who are capable of forming relationships quickly. This will benefit them in terms of learning more about their industries, while also allowing them to form connections with people who can provide opportunities.

Courage

Wine connoisseur Marcus Hiles recognizes that every investment carries a certain amount of risk, regardless of how much work you have put into your research. As such, those who find success tend to be courageous people who are willing to take the first step and face that risk in the hope of gaining rewards.

 

Marcus Hiles, Wine Collector – Steps For Successful Investing

Marcus Hiles is a wine collector, real estate developer and investor who has enjoyed tremendous success in his work as the Chairman and CEO of Western Rim Property Services, in part, because he is capable of spotting good investment opportunities. The following steps are crucial if you want to make the most out of your money and stand the highest chance of receiving a strong return.

Marcus Hiles Wine

Always Do Your Research

You should not rush into any investments, as doing so exposes you to a higher level of risk as it could result in you missing out on important pieces of information that may have influenced your decisions. You need to understand everything about the investment before you commit yourself to it, so no unexpected barriers arise that could affect the development of the investment.

Have Expertise

Many investors make the mistake of putting their money into sectors where they have no prior expertise, which means that they are less capable of spotting legitimate opportunities. Understand what you know and educate yourself in the areas where your knowledge is lacking before you invest any of your money into a project.

Understand Your Budget

Wine collector Marcus Hiles was able to build Western Rim Property Services into such a successful real estate developer because he understands how to manage his money and use it to its greatest effect. New investors need to keep track of their budgets and be wary of any opportunities that require them to spend more than they have, as doing so could place them in difficulties if the investments don’t pay off.

 

Marcus Hiles, Wine Collector – Tips For Creating A Study Area

Though he is now an experienced real estate developer who has also managed to amass a collection of vintage wines that is worth $15 million, Marcus Hiles recognizes that he would not have achieved so much success without having dedicated himself to his education. Personal study is one of the areas that many students struggle with, so keep these tips in mind to create a good study area.

Marcus Hiles Wine
Marcus Hiles Wine

Get Rid of Distractions

The first thing that you should do when creating your study area is to get rid of anything that may distract you from your work. This should include cellphones, televisions, videogame consoles and anything else that may cause you to lose focus. This will allow you to create an area that is fully-dedicated to your work.

Get Plenty of Light

A lack of light in your study area can lead to all sorts of problems, particularly when it comes to fatigue. Having to strain to look at your notes will tire your eyes out and prevent you from absorbing information properly. As such, you should try to make sure that the room has plenty of access to light, be it natural or man-made, so you can study comfortably at any hour.

Get Organized

Marcus Hiles, who has an extensive wine collection, recognizes the importance of organization in every area of life. You should take steps to organize your study area by getting rid of any unneeded clutter, while also ensuring that all of the notes that you will need are filed away properly so that they are easy to access.