Vinovest: Bottle your wealth 17+
Invest in fine wine & whiskey
Vinovest, Inc.
-
- Free
iPhone Screenshots
Description
Don’t let the stock market take you for a ride. Diversify your wealth with wine and whiskey, and watch your money get better with age.
Why invest in wine and whiskey?
- Instant portfolio diversification
- Robust recession resistance
- Rare low-risk, low volatility
- 100% ownership of assets
Vinovest is an online platform that allows you to buy, sell, and store fine wine and whiskey.
Manage your portfolio of world-class wine and whiskey from your phone. Stay connected to the international marketplace and the latest industry developments. Vinovest's extensive global network gives you access to private sales and limited releases, often below retail price.
How It Works
Step 1: Fill out our 1-minute assessment. Then, our team selects top-performing wines and whiskeys that match your unique investing goals.
Step 2: We source, authenticate, insure, and store your wine and whiskey for you.
Step 3: Watch your portfolio grow.
Step 4: We notify you when it's the best time to sell (or even drink) your assets.
FAQ
Can I invest in Vinovest if I don't live in the US?
Yes, Vinovest is available to anyone who can legally purchase alcohol.
What is the minimum amount I need to invest?
There is no minimum deposit amount to start a trading portfolio. The minimum to open a managed portfolio is $1,000
What methods of payment does Vinovest accept?
Vinovest accepts bank transfers, credit cards, wire transfers, paper checks, and cryptocurrencies.
What are the management fees associated with my Vinovest account?
The management fee depends on your investment tier. The current fee structure is as follows:
Standard Tier - 2.50%
Plus Tier - 2.35%
Premier Tier - 2.15%
Grand Cru Tier - 1.90%
The fee covers insurance, storage, authentication, and active management of your portfolio. Fees are prorated across the year and only charged on the invested capital in your account.
When do I sell my wine and whiskey?
We take care of that for you. When your wine and whiskey reach their ideal selling window, we reach out to our global network of buyers to secure the highest price on your behalf.
Can Vinovest ship wine and whiskey in my portfolio to my home address?
Yes, we can ship bottles from your portfolio directly to your home (or any other address that can legally be shipped to).
What’s New
Version 1.38.0
Bug fixes
Ratings and Reviews
Negative investment returns + dodgy business ethics
Not only is their investment strategy overly hyped and misvalued, their management fee is absurdly high. I have lost 10% of my portfolio value over the last 3 years due to the continuously falling wine value and expensive management fees eating into the non-existence product. In hindsight, I would've made 25%+ on S&P alone and Vanguard's management fee is 0.07%.
Decided to cut loss and liquidate my account 3 weeks ago and mentally prepared to take a bigger hit to sell my wines 20% below market (what they claimed to be at least) for a quick exit. It's been a month and one of the wine just wouldn't sell. Not sure if this is their tactic to not let customers cash out, because they have a term for full refund ONLY if ALL wines are sold.
I asked for a partial refund on 16 May, got their customer success team, Robyn, to help and connected my bank account to my Vinovest account and said the refund will take a week to execute and someone from accounting will make it happen. 2 weeks later, nothing, and Robyn stopped replying. This is not very confidence inspiring and absolutely not OK.
Dodgy business practice. Wondering if there are any class action lawsuits happening. If so, I will join the bandwagon if I don't get my money back by mid-June.
Invest with them if you don't like your hard-earned money.
Low Trust
I’ve been waiting for weeks to get my money back from VinoVest, and it still hasn’t arrived. This raises serious concerns about trust and how they manage client funds. In today’s world, there’s no excuse for such delays, and it makes me question whether my money is even safe. If you can’t trust a platform to return your cash in a reasonable time, how can you trust them with your investments? Until they fix this, I’d be very wary of using the service.
Awful
Very poor returns over a three year period. IMPOSSIBLE to withdraw money and sell your wines. I’ve been attempting to do so, offering big discounts for months. Avoid this app like the plague.
App Privacy
The developer, Vinovest, Inc., indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy.
Data Used to Track You
The following data may be used to track you across apps and websites owned by other companies:
- Identifiers
Data Linked to You
The following data may be collected and linked to your identity:
- Contact Info
- Identifiers
- Usage Data
- Diagnostics
Privacy practices may vary based on, for example, the features you use or your age. Learn More
Information
- Provider
- Vinovest, Inc
- Size
- 63.9 MB
- Category
- Finance
- Compatibility
-
- iPhone
- Requires iOS 14.0 or later.
- iPod touch
- Requires iOS 14.0 or later.
- Languages
-
English
- Age Rating
- 17+ Frequent/Intense Alcohol, Tobacco, or Drug Use or References
- Copyright
- © 2020 Vinovest Inc
- Price
- Free
Supports
-
Wallet
Get all of your passes, tickets, cards, and more in one place.