Unveiling Vinovest: Effortlessly Turn Wine into Your Next Profitable Investment!
Looking for an unconventional way to invest your money? Vinovest can be just the thing you’re looking for. This platform gives everyday folks, like you and me, the opportunity to invest in wine. Yeah, you heard right – wine as an investment.
As recent stock market ups and downs have shown us, diversifying our investments can be quite beneficial. And that’s where so-called alternative investments come in, with Vinovest being an interesting option in this bracket.
So, what’s Vinovest all about? Well, it’s a platform that allows anyone, not just certified investors, to spread their investment wings by investing in wine. And no, you don’t have to know the difference between Cabernet and Chardonnay to invest. The expert team at Vinovest does all the heavy lifting, like choosing, buying, and even storing the wine for you.
Investing in wine isn’t just another quirky way of mixing up your portfolio. It has a solid investment history to back it up. The Liv-Ex Fine Wine Investables Index, for example, monitors the prices of wine typically included in investments, and notably, wine has had a stable run during times of intense market volatility. Plus, as we all know, fine wines get better (and pricier) with age!
So, how does it work with Vinovest? They offer two packages: Standard and Custom. For a minimum investment of $1,000, Standard users get a wine portfolio set up for them. They’ll buy and validate the wine, and even store it under a fully insured facility to cover any eventuality. If you’re investing $50,000 or more, you’ll get a Custom package with additional perks including one-to-one expert guidance and access to rare wines.
Sign up on Vinovest’s website, and they’ll set up your account in a few minutes. You’ll actually own bottles of wine, not shares in a collection, and you can even request to have a bottle shipped to you. You’re free to drink it yourself, though that might not be the best investment decision. When you’re ready to sell, Vinovest will find a buyer and handle everything for you.
Do remember, wine is a long-term investment – most of Vinovest’s selected wines are meant to age for 30-50 years before they peak. Their experts will guide you on when to buy or sell, but the final call is yours.
Investing isn’t without its downsides, and Vinovest is no exception. As a new company, they don’t have a long track record. And while your wine investment can be sold at any given moment, it doesn’t offer instant liquidity – the selling process usually takes about a month and a half.
So, if you’re an investor seeking diversification and minimal stock market correlation, Vinovest may be a good fit. It’s an all-around solution open to everyone, not just wine lovers.
They charge a 2.85% annual fee, which covers everything from wine advice to insurance coverage. To start investing or learn more, you can visit their website.
Besides Vinovest, you might want to consider other platforms like Public, Moomoo, or Webull, each with its own range of services, from commission-free stock and ETF trades to exclusive access to alternative investments. Different platforms cater to different investment needs, so check them out and pick the one that suits you best!
