Have you heard about Vinovest and fine wine investment? If you are looking for a new place to invest your money and were too late in the cryptocurrency or NFT bandwagon you may want to hop in a breakthrough to add to your investment portfolio.
In the last few years, many individuals have welcomed cryptocurrencies and other forms of virtual assets, like NFTs, which are virtual works of art. Although you cannot touch them, you do have a virtual certificate that can attest to their existence.
Meanwhile, purchasing pricey fine wines is something you do occasionally, but did you realize that it may also be profitable? I’ll explain further and maybe turn you into investing in fine wines after this.
A digital platform called Vinovest democratizes access to the once-exclusive world of fine wine investing. It provides a mechanism for consumers to safeguard and increase their wealth even in the midst of market instability, growing prices, and a global epidemic. More than 360,000 bottles are currently stored in the Vinovest cellars of more than 150,000 registered users in more than 40 different countries.
Forbes, Fortune, Business Insider, the Wall Street Journal, and a few more prestigious publications/media outlets worldwide already talked about Vinovest and the amazing possibilities of investing in fine wine as they give the opportunity to invest in one of the assets with the highest rate of appreciation in order to shield yourself from rising inflation. Wine has less long-term market volatility than other assets because it is a tangible asset with a minimal correlation to global stocks.
What makes a wine worthy of investment
The percentage of investment-grade wine in supermarket stores is below 1%. This is so because most wines lack a structure designed to mature.
So how does Vinovest determine which wines are worthwhile investments? They have a group of expert sommeliers that assess the wines and choose the ones that will appreciate in value over time.
But why fine wine? Fine wine offers a number of benefits not found in traditional asset classes, like stocks and bonds. First, fine wine has a low correlation with traditional markets. (A 0.12 correlation, to be exact.) So, even during bumpy economic times, clients can ride out the volatility with fine wine.
Second, fine wine gets better with age. Bitter compounds called tannins break down over time. The process gives aged wines a mellow and complex profile that commands a high price on the secondary market.
Third, the supply of fine wine only goes down. Once a vintage is released, that’s it. There will never be any more wine exactly like that. As people drink (or perhaps break) their bottles, the supply will decrease, and the price of the remaining bottles will rise.
Historically, only the ultra-wealthy have been able to invest in wine. They needed large sums of money to attend auctions, pay exorbitant commissions, and build their own wine cellar. Not anymore. Vinovest is cutting the red tape so that anyone can invest in fine wine.
Vinovest Wine Investment Marketplace
The option that is most popular is our managed account. Using a desktop computer or mobile app, users can open an account at no cost. Vinovest employs a machine learning algorithm and wine experts /sommeliers to choose the finest wine for each user’s particular goals and time horizons after they answer a short questionnaire about their investment interests.
Vinovest covers all aspects of the transaction, including purchasing, selling, storage, authentication, and insurance. A $1,000 deposit is required as a minimum.
Customers can also open a trading account through the Vinovest Marketplace. This self-directed wine trading platform is the first of its type. It is the next step in enabling customers to create, monitor, and assess their own fully tailored and insured fine wine portfolios.
Investors can use the marketplace to buy or sell investment-grade wine in the same manner that they can use their brokerage accounts to buy and sell equities. With no account minimums or minimum hold times, investing in good wine is now more accessible.
Users may access complete information on each wine in their portfolio, make deposits, manage investments, view returns, and even drink their wines at their discretion from any device. Vinovest Marketplace is able to utilize in addition to, or in tandem with, Vinovest-managed portfolios.
Truly liquid assets
