So you're a wine lover. "Ever thought of starting your own cellar?" asks Will Lyons in the Wall Street Journal. "Most of you ... will buy your wine as and when you need it and will probably regard the idea of a wine cellar as a little anachronistic." But buying in bulk and snapping up great vintages early on for your cellar can save you money. So start by thinking about entertaining: light white wines for snacking and relaxing with friends; heavier whites for matching with food; a few cases of basic, reliable reds for everyday drinking; and a couple of medium-strength reds for more serious dinner parties.
If you're feeling more ambitious, try a little investing—like buying three cases of high-end Bordeaux from 2005, 2009, or 2010, and earning your money back by selling one case a few years later. "With a little thought, one can put together a mini cellar that not only meets all your wine needs," writes Lyons, "but will expand your knowledge and shine a little ray of light on the magic of understanding how wine evolves in the bottle, improving and mellowing with age." (Read more wine stories.)