Vinovest allows you to diversify your investment portfolio with access to fine wine. This asset class has traditionally yielded double digit annualized returns with low correlation to equities.
What differentiates you from traditional, well-established offerings like BBR?
When you talk about 'democratising access to this asset class', how? Are you tokenising wine so you can offer fractional owenership of the super-expensive first-growths etc?
@dan_e_gray Great question.
1. Lower minimums. BBR and other incumbents usually have a £10,000 minimum and charge 5 to 10% for each marketplace transaction.
Our is $1000, and 2.5% for each marketplace.
2. Technology. Most other platforms are quite subjective when they give you recommendations, and are often incentivized to sell what they already have in stock. We don’t operate that way as we have a ML powered algorithm to help with wine recommendations and portfolio construction to identify the best selections based on your preferences.
To clarify these are not tokenized wines or fractions of wines, each client gets to own their own bottles and cases.. This also means that you can one day drink them!
@dan_e_gray you are exactly right. We also do work with some third-party satellite data companies to be able to get climate data as well. Especially with how volatile the growing season has been in key regions over the past few years, this is going to be a bigger factor that impacts supply and quality in the coming years
@anthonyjz17 That's a huge feature. I'd definitely make sure you're pretty vocal about that, as you develop.
Appreciate all the responses Anthony, good luck!
I am Anthony, cofounder and CEO of Vinovest.
Vinovest democratizes access to investing in the fine wine industry, which has been growing at around 10% a year for the past two decades.
Despite its attractive returns and low correlation to equities in crypto, this asset class has traditionally only been available to the ultra wealthy.
We are here to change that.
No need to be a wine expert. Our platform and ML algorithm helps you build up your wine portfolio, track price movements, and give you recommendations on when to sell.
We also handle all the logistics like storage and insurance.
Investing in wine is now a simple and accessible experience for anybody in the world.
Exactly how it should be.
I've worked with some of the country's most successful financial advisory offices over the last 15 years and can tell you historically that access to collecting/investing in fine wine has typically been reserved for the ultra high-networth, due to the need to have access to fine wine auction houses, temperature controlled, insured, and secured storage facilities world-wide, and simply having access to allocation from the world's most sought after wines. Vinovest changes all of this.
If you love wine and investing, @anthonyjz17 and the team at Vinovest have now given you access to what you are looking for, couldn't recommend any more highly as I'm a user/investor on the platform! Brad
@brad_johnson It has been a pleasure having you on as one of our very earliest customers and investors. I’ve learned a lot from you!
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I have been investing with @anthonyjz17 and Vinovest since the beginning. Very approachable way to allocate a % of your portfolio into a (very) alternative investment class. Recent market movements shows it's not correlated with equities, so gives you some hedge protection if that is what are you are looking for.
Proud #investor.
@deesix I really appreciate your continued support Dominic!
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Vinovest is amazing! Allowing retail investors access to a previously difficult-to-access market is an awesome trend and no one does it better than Vinovest and wine. I enjoy the product and have recommended it to my friends.
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