My first 60 days with Vinovest

I became very interested in wine about a year ago.

10 months later I decided that I would diversify my portfolio with fine wine investing.

When researching wine and trying to find a good way to start investing in the wine world, I stumbled upon Vinovest.com. This is summary about my first 60 days using the platform, what I like and don’t like, and how my $10,000 investment has performed.

This is a screenshot directly from Vinovest.com. My entire history of transactions through their website.

As you can see, I started with 5k invested. It took about 3 days for them to purchase my first case of wine (after having family members invest with them, this seems to be quite fast). I then deposited another 5k about one week later, bringing me to a total of 10k invested.

It took about a month and a half for all my cases to be purchased.

I still have about $120 in my account. This will just go toward fees for the next 3-6 months or so.

After two months this is what my portfolio value is. I have made about $405 dollars in 60 days, which is about 4%. This is after fees.

The value of my portfolio does swing a few percent points per week on a regular basis, I have gone all the way down to about $10,050 dollars, but I don’t believe the account has gone below the initial $10,000 investment, if it did it was not longer than a day or two.

Based on my experience there is very little or maybe no correlation with the stock market, which is one of the main reasons I invested in them to begin with.

This is how my wine is diversified throughout different regions.

All of this was done through Vinovest, I had no input on what wines to purchase which is one of the main purposes for their platform.

They want to allow ‘normal’ people to have access to fine wine investing, and I consider myself a normal person so it’s perfect for me!

Like and Dislikes:

What do I like about Vinovest?

There is a lot that I like about his platform.

  1. It allows regular people to be able to invest in wine without having the usual 20-50k/year investment that would normally be required if investing through a broker.
  2. They have a team of experts that spend their entire day/month/year researching, learning, and being involved in the wine world.
  3. It’s simple and easy.
  4. They store the wine for you, which is honestly one of the biggest benefits, if you’re a regular person, storing wine is one of the most difficult parts of wine investing. Most people don’t have a cellar in their home, and if you want to go through a standard wine storage facility it can be very expensive.
  5. It’s insured.
  6. Because they verify the wine and where it has come from, you can trust that it’s authentic and that you’ll be able to eventually sell the wine as an authentic wine.

What do I not like?

This is a much smaller list, but I do have some “complaints”

  1. The main complaint is that I can’t invest small amounts of money over time. For example if I want to just depost $100-$500, just to cover fees or to slowly build up enough money to be able to buy another case, I can’t.
  2. It can take quite a long time to secure wine for your account, but that’s honestly quite normal because wine is not a fast paced investment. More updates about upcoming auctions or some kind of email about estimated days to secure your wine would be great. Basically having any update would be nice.
  3. Knowing what your portfolio is investing in. For example, they have a “conservative” option. I think they should explain what regions or what producers that encompasses. Unless that’s their ”secret sauce”, in that case I understand the lack of information provided. Plus I acknowledge that they want to make it as simple as possible for investors, I’d just personally like to see it. 🙂

Overall, for being a new company I am very happy with my experience. My complaints are quite minor and I think could be adjusted as they grow into a larger company.

I’m sure there are many things that can and will be improved in the months, and years to come and I will continue to invest with them.

I’d love to become a Premium member so I can join in on some of these lavish, exclusive events and be able to more actively manage the portfolio (except wine is a slow business so I won’t be doing too much management).

I would recommend anyone who wants to diversify to look into their company. They have a new app, which is quite nice to use, and their website is also intuitive.

Fine wine investing has never been so easy. If you would like to sign up please use my link: https://vinovest.co/signup?grsf=q16yhw

We will both receive 3 months of no fees.

Thanks so much for reading! Please subscribe to my email newsletter for notifications when I post. Also my Facebook, Twitter, and Linkedin I post content daily.

None of this is financial advice. It is just my experience and my opinion!

🔎Disclaimer🔎 All content in this blog is for entertainment purposes only. I am not a professional financial advisor and my statements are not to be taken as instructions or directions. In no event will I be liable for any losses or damages arising from the use of content from any of my platforms, including, but not limited to YouTube, Blog, or any other social media. I reserve the right to change my opinions and entertainment content at any time. Please be sure to do your own due diligence!

Published by Christal

I’m here to share the knowledge and tips I have so you can see how I make passive income, save for an early retirement, and enjoy life outside the cubicle.

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