Luke
GBhighly recommended been using vinovest for a few months now and I don't really have any complaints. Everything works as advertised. It's a really fun investment, I think, to buy wines and it is made very easy. Just deposit your money and watch them source some interesting wines for your portfolio. Everything moves a bit more slowly than in, say, the stock market. It's a relaxing way to invest in a neat alternative asset class, cannot recommend it highly enough. There's a growing subreddit of vinovest users too, that are always happy to share their (our) experiences!
Dave
GBGet Out While You Can I first opened my Vinovest account in August of 2020 with ~$5,000 in deposits. About a month ago, I decided to add another $5,000 to my existing Vinovest account in order to expand my wine portfolio. Three weeks later, Vinovest moved the money out of my wine account and used it to buy Whiskey investments without my knowledge or consent. I had not made any investments in Whiskey prior to this and had no intention of doing so. I sent three messages to Vinovest customer support asking that this transaction be reversed but have not heard anything from the company in weeks. I am now trying to liquidate all assets I have with Vinovest and have discovered that there is no option on their site to sell the whiskey they purchased with my money. My wine portfolio has now been listed for sale but the estimated value of the wines (in my portfolio for the past 3.5 years) somehow mysteriously dropped within an hour of listing them for sale. It remains to be seen if I will ever get any money back from this company...And wouldn't you know it, Vinovest has no posted phone number to reach out to when multiple messages are ignored. If you haven't given your money to this predatory company yet, don't.
Garth Woods
GBLove the concept, but.... Love the concept, became an investor in June of 2021 and my $12k portfolio declined in value immediately. Between fees and lack of appreciation, I am not still under water on my investment, almost a year and a half later. Just be aware that gains are not guaranteed, and you may lose money.
Michael Jreidini
GBAwesome, but a little feedback The wine platform is excellent, though I think the filters could be improved — more collapsibility, similar to have wine.com allows you to filter by region, grape, vintage, etc. Also, knowing the full order must be fulfilled to ‘keep’ the bottles would be helpful. Whiskey, I wish there was some selection process in the American range. You just add money and a barrel is purchased. Maybe diversity in selection is not there yet (or that doesn’t suit your purchasing process) but I would love the ability to invest in Rye vs Corn, or different mash bills. Ultimately, happy to be able to invest in wine & spirits. The app is intuitive, easy to navigate, and concise. My comments above are very much driven by preference. Thank you!
Raimundo Honorato
CLDo not invest with Vinovest EDIT: Swift onboarding, bad experience afterwards. Pulled my money away three weeks after my investment due to lack of transparency and bad customer support. Have not received my money refund yet, so we will se how that process goes. My advice: don't invest with Vinovest if you don't personally know someone who has invested and exited happily, and who can vouch for this company.