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Vinovest Review

Vinovest Review

Most investors are always looking for ways to diversify their portfolios, especially in today’s market. Over the past few years, alternative investment options have started becoming more popular such as cryptocurrency, NFTs, and wine. Yes, you read that right, wine. 

Thanks to companies such as Vinovest, it has never been easier to buy, sell, and trade wine. Keep reading for a Vinovest review including more information on the services that they provide and how you can make money investing in wine.

What Is Vinovest?

Founded in 2019 by Anthony Zhang and Brent Akamine, Vinovest is an online investment platform specializing in the buying, selling, and trading of wines. The best part of Vinovest is they do all the heavy lifting, both literally and figuratively. They pick the wine, authenticate it, and even store it. When you are ready to sell, they take care of that too. Should you want to take physical ownership of your wine to drink or have in your possession, they will even ship it to you.

Is Vinovest Trustworthy?

While there is always risk involved in any sort of investment, you can breathe easy in knowing that Vinovest is a trustworthy investment option. The company was accredited by the Better Business Bureau in 2020 and has a comprehensive insurance policy. This means that your wines are fully protected against damage at full market value.

Vinovest has storage facilities worldwide including in France, the UK, Hong Kong, Denmark, Singapore, and even here in the U.S. They conduct regular 3rd party audits to ensure all bottles are meticulously maintained. 

All Vinovest storage facilities are also bonded, meaning there are no value-added taxes or excise duty taxes. This allows for a more cost-effective buying and selling process. 

Are There Different Membership Tiers?

Yes, there are four different membership tiers all at different price points. Below are the different membership tiers along with the price points, membership benefits, and management fees.

Starter

  • $1,000 minimum investment
  • Wines are selected by Vinovest’s algorithm
  • 2.85% annual management fee

Plus

  • $10,000 minimum investment
  • Portfolio customization
  • Access to rare wines
  • 2.7% annual management fee

Premium

  • $50,000 minimum investment
  • Access to a dedicated portfolio advisor
  • Portfolio customization on top of the AI algorithm
  • Access to wine tastings and other exclusive events
  • Annual management fee of 2.5%

Grand Cru

  • $250,000 minimum investment
  • Access to rare wines
  • Access to Vinovest Wine Advisory Council including master sommeliers and winemakers
  • Access to wine tastings and other exclusive events
  • Annual management fee of 2.25%

Does Vinovest Offer Trading Options?

If you are looking to trade wines, Vinovest offers that as well and there are no minimums to open a trading account. There are, however, additional fees associated with a trading account:

  • 2.5% buy trading fee (includes 3 months of storage)
  • 1% sell-side trading fee
  • 1.5% yearly storage fee

Can I Actually Make Money Investing in Wine?

As with any investment, the market largely dictates how much money you can make. That being said, the return on investment when it comes to wine has been strong over the past few years. 

The Liv-ex Fine Wine 100 index, which is an index of the 100 most sought-after wines, has historically outperformed the S&P 500. In fact, according to Vinovest, over the past 15 years, the annual return on fine wine has been around 13%.

Vinovest publishes quarterly reports on its website and according to its Q1 2022 report, return-on-investment was roughly 5.5%. During that same time period, the Dow Jones Industrial Average returned -5.21%, the Nasdaq Composite returned -10.18%, and the S&P 500 returned -5.55% according to Yahoo Finance. 

It’s important to remember, though, that investing in fine wine is a long-term play. Most investment-grade wines take 10-15 years to fully mature and Vinovest recommends that investors hold on to their bottles for at least 5-10 years.

How Do I Get Started?

If you are at least 21 years of age and have at least $1,000 to invest you can start investing in wine with Vinovest. Vinovest accepts a wide variety of payment options including personal checks, bank checks, credit cards, wire transfers, and cryptocurrency through Bitpay.

Why Should I Try Vinovest?

Traditionally, the concept of collecting and selling fine wines was reserved for the ultra-wealthy. Vinovest has made it so that anyone with a minimum of $1,000 to invest can diversify their portfolio by investing in fine wine. There’s also no need to clear out any extra storage space since Vinovest manages every aspect of your wine portfolio including storage.  

Are You Interested in Vinovest After Reading This Vinovest Review?

In this current market, more and more people are looking for new, non-traditional ways to diversify their portfolios. If you are looking for non-traditional ways to diversify your portfolio and like wine, then Vinovest might be the perfect investment opportunity for you. For more information about this Vinovest Review, or to get started, visit their website by clicking here.

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