Investing in wine usually has a barrier to entry, but Vinovest offers a hassle-free way of building a diversified portfolio
Vinovest also takes a 1.5 per cent cut of sales, but doesn’t charge for listing your items for sale.you only need a minimum investment of US$1,000, which is pretty low compared to other alternative asset investing platforms. Invest more to reach the higher tiers. There you’ll have lower annual fees and investors can manually select wines to add to their portfolios.If the time doesn’t deter you, wine’s low volatility can offer a stable investment and help to diversify your portfolio.
According to Vinovest’s website, most investment-grade wine will take 10 to 15 years to mature. Additionally, wine’s value also relies on rarity. As more time passes, a certain vintage may become more rare, adding to its value.Besides a portfolio of international wines and a marketplace, Vinovest also has wine futures trading for its Premium and Grand Cru clients. Futures contracts allow investors to buy an asset for a set price and sell it for a certain amount on a specific date.
You have full ownership and access to your wine if Vinovest ever goes out of business. There’s also a third-party insurance policy included. So if your wine is mishandled or damaged in a natural disaster, you’ll be reimbursed at the market value. Since Vinovest doesn’t sell stocks, it is not regulated by the Securities and Exchange Commission or the Canadian Securities Administrators. However, it undergoes multiple audits a year from insurance providers and a third-party auditor, as it says on its website.Article contentVinovest has a customer support team that can be reached by emailing [email protected] or by calling 213-410-4546.you should consider some shortcomings before you invest.
Annual management fees for Vinovest portfolios range from 1.9 per cent to 2.5 per cent, in addition to trading and storage feesThe Vinovest marketplace presently offers less than 100 types of wine, which may not be enough for investors who want a varied collectionNeed to invest at least US$50,000 if you want to customize your portfolioThis advertisement has not loaded yet, but your article continues below.Vinovest has a strong track record and is a leading platform for investing in fine wines.
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