Exploring the Best Route: Making Smart Wine Investments with Vint or Vinovest.

Let’s Talk Wine Investing: Vint vs. Vinovest

If you love sipping some wine to unwind, why not go one step further and explore wine investment? A lot of smart investors have diversified their portfolios with wine. Yet, it can be overwhelming to step into this world. But fear not. Let me introduce you to two platforms that make it a breeze: Vint and Vinovest.

Vint 101:
Launched in 2019, Vint created a platform that allows anyone, whether you’re a newbie or an expert, to invest in wine collections from all over the world. You don’t have to buy whole cases or bottles. Instead, you can buy shares starting from just $25. They look after everything, including sourcing and store the wine, letting you dive into the world of wine investing without a hitch.

What makes Vint special?

* You can start investing with only $25.
* Zero yearly fees. Instead, Vint takes a cut (0.5-10%) after each wine collection is fully funded.
* Every two weeks, new collections are launched with plenty of information to help you decide.
* It’s a rare gem in being an SEC-regulated company that focuses on wine.
* You don’t need any accreditation to invest.
* Wine storage is taken care of by experts, providing you peace of mind.
* They offer options to invest with your IRA.

Meet Vinovest:
Vinovest, based in LA, offers personalized portfolios varying from $1,000 and up. They harness their network of fine wine connections and use a blend of expert Sommeliers and data analysis to find the best prices. It takes about two to three weeks to build your portfolio. As an investor, you own every drop of wine in your portfolio and can buy and sell at will, with all expenses taken care of by Vinovest.

What sets Vinovest apart?

* Diverse portfolios tailored to your risk appetite and investment goals.
* You can invest in individual bottles without a preset portfolio.
* The minimum investment starts from $80 for individual bottles.
* No accreditation required.
* Helpful advisors are available, should you need assistance.
* Attractive referral program.
* If you’re a top-tier client, you can even trade in wine futures.

Fees and Rates:
Here’s where Vint and Vinovest truly differ. With Vint, you pay no monthly or annual fees, just an upfront cut for each collection. Vinovest, however, uses a tiered plan system with varying annual fees, and several other expenses when you buy, sell, or store wine.

Customer Support:
For Vint, live chat is the primary way to get support, while Vinovest offers swift assistance via email or phone. Moreover, you can schedule a chat with a portfolio advisor for any queries.

Account Opening:
Neither platform requires any accreditation, and the signing up process is relatively simple for both. Vint requires your basic contact details and some profile completion, and it’s only available for US citizens. Vinovest has more flexibility, allowing funding via debit cards, credit cards, bank transfers, checks, wire transfers, and even cryptocurrencies!

Pros and Cons:
Just like anything, both platforms have their strengths and weaknesses.

Vint highlights include:

* Shares from $25.
* No annual fees.
* SEC regulated.
* IRA investments.

The downsides:

* Limited deals.
* A hefty upfront fee.
* Lack of a secondary marketplace.
* Early selling is tough.
* Vint decides when investments are liquidated.

For Vinovest:

* Varied portfolio options.
* Wine marketplace for trading.
* Freedom to liquidate anytime.
* Excellent customer support.

The drawbacks:

* No fractional wine shares.
* Early sale penalties.
* A somewhat complicated fee structure.
* A minimum deposit of $1,000.

So, what’s the verdict?
Both platforms make wine investing more accessible. If you’re just dipping your toes into the wine investment world, Vint may be a good start. On the other hand, if you’re a seasoned investor looking to dive deep with custom-made portfolios, Vinovest could be your ticket. Take your pick and turn your passion for wine into a savvy investment strategy! Cheers!