Instead of spending money on your weekly glass of Chianti, why not create a vintage wine investment portfolio?
With average annual return rates of 10% – 15%, vintage wine is another niche opportunity you might want to consider.
It’s also a reliable asset that doesn’t rely on traditional economic markets to retain its value. Compare that to the S&P 500’s infamous boom and bust cycles, and you’ll see that wine can be a relatively safe choice.
Platforms like Vinovest allow everyone to invest (and indulge!) in vintage wines from across the globe. Let’s learn more about this platform’s details and why it’s worth checking out!
What Is Vinovest?
Vinovest is an investment platform designed to democratize the lucrative luxury wine market. Before the platform was launched, it was only possible for the ultra-wealthy to be a part of the vintage wine market. That said, Vinovest’s founders wanted to create a platform where everyone could have a chance at reaping the benefits of this kind of alternative asset.
From Chile’s Aconcagua region to California’s Napa Valley, Vinovest’s inventory has an extensive selection of products spanning multiple areas, types, histories, and more. And unlike other platforms where you only buy product shares, investors will own 100% of the bottle or case of wine!
How Does Vinovest Create A Wine Selection?
Vinovest hires some of the world’s best sommeliers to find wines with a higher chance of generating a profit.
Meanwhile, the platform’s algorithm will design a wine investment portfolio for each member based on their risk tolerance. The platform’s site claims it uses a few key factors, including:
- Age
- Liquidity
- Secondary market pricing
- Liquidity
- Risk factor
- Critic scores
- Using a mix of experts and technology, the platform can consistently provide reliable selections and profits.
How To Invest In Vinovest
After you open your account, Vinovest gives you two investment account options: Managed or Trading.
The Managed account is a more hands-off option. Vinovest’s robo-advisors and sommeliers will create a personalized wine portfolio based on your risk profile. Even if it’s a reliable option for newbies, most members will have little control over which wines they’ll get.
On the other hand, the Trading account gives you complete control over everything. Design your portfolio with any wine selection, no questions asked.
If you’re unsure which one’s for you, Vinovests lets you have both! This way, you can buy some of your favorite bottles while allowing the platform’s experts to invest the rest of your balance.
A Taste Of Luxury Wine Delivered To Your Door
Who says you can’t invest in your wine and drink it too? Vinovest will also deliver your wine straight to your door. All you need to do is contact the platform’s support team and enjoy your selection whenever you’d like.
One key thing to remember, though, is that Vinovest will only deliver wine cases to preserve the resale value of your product. You’ll also need to pay for any shipping costs associated with wine delivery.
Is Vinovest Safe?
Yes, Vinovest is a legit platform and safe to use. The platform also has cutting-edge storage facilities worldwide that keep your bottles safe.
In the rare case that something does happen, Vinovest gives members third-party insurance and will reimburse you for any damaged bottles at their total market value.
Reviews are mixed, however, and it has an average rating of 3.8 on Trustpilot, with poor reviews stemming from customer service issues and long liquidity times.
However, those who enjoy the app love the site’s user-friendliness and the chance to learn about wine investing.
“I enjoy this platform and love their customer service. Their willingness to teach or share information about various wines is amazing, and I enjoy learning from them as well,” said Sydney Bryce from Trustpilot.
How To Sign Up
As long as you’re above the legal drinking age (21+) and can pay the initial fee of $1,000, signing up for a Vinovest account is simple.
Here’s how to set it up:
- Enter your personal information and take a short quiz.
- Check the details of your wine portfolio.
- Pay the initial $1,000 to authenticate and store your wine.
- Start managing your portfolio!
Vinovest: Pros And Cons
Pros
- Relatively stable investment
- You own 100% of your collection
- Indulge in unique wines you can’t find anywhere else
- You only need $1,000 to get started
Cons
- No fractional shares
- Higher management fees for the lower tiers
The Bottom Line
If you’re looking for something new to diversify your portfolio, the luxury wine market has been one of the most reliable assets. Compared to the volatility of traditional stocks, luxury wines consistently grow in value for years.
However, understanding which wine selection to buy can be tricky if you’re inexperienced. Moreover, it’s not fully regulated, making it a high-risk investment.
Thankfully, Vinovest’s software makes it easy to start and make a steady profit over time. And since you own 100% of your wine collection, you can freely indulge in some of the world’s most exclusive wines.
Ready to give wine investing a try? Sign up and get started with Vinovest today!
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