Vinovest

9900 Culver Blvd, 90232, Culver City, United States
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2.85
Based on 20 Reviews

5

30.00%

4

10.00%

3

15.00%

2

5.00%

1

40.00%
About Vinovest

With 13.6% annualized returns over the past 15 years, the fine wine market has outperformed most global equities and is less volatile than real estate or gold.

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Garth Woods
GB

Love 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.

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Mark Danforth
GB

I had an initial discussion with a… I had an initial discussion with a supposed wine investing expert. I started small to see if they lived up to expectations and the investment was worth it. All my wines are losing money. Not a single good investment. I have stopped and just assume this is a lost cause. I would invest in other assets classes.

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Seetharaman D
IN

Your user friendly app is really… Your user friendly app is really awesome. Fund transfer is easy and promptly acknowledged too. I wish Vinovest will continue to play an active role in enhancing small time investors like me.I take this opportunity to wish Mr Anthony Zhang and his team a very HAPPY NEW YEAR.

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Barek Webb
GB

Passively investing in wine interests… Passively investing in wine interests me greatly. I am not very knowledgeable about wine and which wines to buy. Vinovest has allowed me to build a small portfolio of wines. I will say that the fees do add up, especially if your portfolio is below a certain amount. For someone with a longer investing horizon having and buying wines into a portfolio is a good way to protect capital and grow it.

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Dave
GB

Get 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.

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