VinovestReviews of vinovest.co

Very disappointed with my experience with Vinovest! the collection of my investment money was very quick and easy, however when I decided to exit my investment, it has been nothing but a headache. I have been trying to exit for over 8 months and have had what they have called software "bugs" and lack of support in liquidating my wines. After all of this time, I have only been able to sell 2 of my 19 holdings... all at losses. I would not recommend this company and have no clarity on when and how I can get $ out.

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!

Vinovest is an excellent platform for generational wealth creation. More excellent returns than investing in the stock market as I am currently doing. Vinovest platform is an excellent source for me to create my wealth.

Ease of use- made the decision making process easy

Truly slick and innovative platform. I started investing a couple years ago, and recently had to withdraw due to some personal circumstances. My portfolio manager was extremely helpful and guided me along the process of liquidating my wine collection. I also really enjoyed the events and webinars that they held, and will be returning again soon.

Overall, it is a fun idea. However, the shipping cost to receive wine is quite high. I am looking into selling my wine to cash out and will either take this to a 4-5 star review or a 1-2 star review depending on how this next step goes. I am playing with WhiskeyVest as well - so far, it's "meh" as I am told that they will ship a sample, but that's not happened and it's been close to a year that I've owned the cask. I think they are still in beta and it's been a bit too long to still be in beta, so not really excited about that experience at least yet.

The worst investment I have ever made. Quick in collecting money from investors and extremely slow when you liquidate. My experience with Vinovest is terrible and horrible (countless emails to push, push and push for liquidation) It's more like a Ponzi scheme. I hope there will be no more victim like me. *********************************************************** Since Vinovest asked for more details to better understand my experience otherwise my review above will be deleted, I am more than happy to share my experience with everyone especially people who is considering depositing money in VV. You asked for it! (Well, I don't think VV don't know customers' feedback. I am not the only victim anyway) 2022/12/21, I raised the request of liquidation and close account to VV. No response from VV at all for one week. On 2022/12/27, I wrote mail to VV CEO, he said it's Xmas season and my portfolio manager will follow up my liquidation request after he is back after New Year. 2022/12/30, VV automated purchased Dom Perignon, Chef De Cave Legacy Edition 2008 (USD$1612) in my account. It's ridiculous that VV was not able to liquidate my wines in Xmas & New Year break but they could use the balance cash in my account to purchase wines. I complained to VV CEO immediately. On 2023/1/4, this Dom Perignon, Chef De Cave Legacy Edition 2008 was sold at US$1603 and VV charged me US$48 early liquidation fee. (Exactly like scammer) On 2023/1/6, VV started to liquidate 4 cases of wines in my account, I thought everything is on track. However, in the same day, VV used the money from liquidation to purchase another 4 cases of wines. (Absolutely it's scammer) I called VV office in NYC and California more than 100 times and sent many emails, no response AT ALL until I left many nasty messages in CEO's FB and Twitter. (Try this! It works well in pushing) VV portfolio manager called me back and reversed the deal for the 4 cases purchase. From 2023 Jan to 2023 Feb, more wines were liquidated after I pushed and pushed and pushed and pushed by sending emails. I did received the money. The remaining 4 cases of wines, there was no progress at all. I sent mail to complain and push. Finally, liquidation started in April. Suddenly, VV market estimated price started dropping dramatically and I dropped my selling price accordingly but it didn't make liquidation happen. In just one month, the price dropped around 45% (VV estimated price in Apr/B and the liquidation final price). VV estimated price is a mystery. Anyway, I deposited US$50K in VV in 2020 June and I received US$50,747 in total in 2023 April. However, I wasted so much time in pushing VV, checking the status and complained. The buy and sell mechanism (price, buyer, seller) is a black box which is manipulated by VV. ***Fun Part*** On 2023/4/11, VV informed customers must take either REBALANCING STRATEGY (VV automatically adjust customers' portfolio, I assume it automated buy and sell by Vinovest) or BUY & HOLD STRATEGY (fixed portfolio and can’t sell the wines until the wine’s selling window comes). In the end of the notice mail, VV specified "the strategy will be fixed starting April 16, and you will not be able to change it after this date.". It's very unprofessional that VV pushed customers to decide a permanent strategy within 5 days (April 11/ April 16) after VV's notice. For me, the strategies are more like VV can buy and sell for customers at the price and timing VV want. If you don't let VV to do so, you can't sell the wines until VV says it's the wine’s selling window. I never have any investment requires permanent strategy- fixed and can't be changed after you decide. This is a big joke and scammer for sure. Suggestion from my heart- Don't even invest one cent in VV. It's a black box, no transparency and I had no control of my liquidation AT ALL base on my experience in past half year. It doesn't worthy it and just a waste of time. I spent so much time to push VV by all means- I was so frustrated and desperate just to get my money back. It's ridiculous. ** All emails with VV and liquidation records are available.

It was very easy to add funds and get my portfolio going, but it's being impossible for me to take the money out, I dont want to use the word SCAM, but it seems to be the case... Its been one month now that I decided to sell my portfolio and listed my wine for sell. Since then I had almost no offers, and the few ones I got were unbelievably LOW, dont even cover the initial investment value (of 2 years ago). Its doesn't seem that I will be able to get my money back if it keeps like this. When I got my money in, they assured that it was a 3 weeks process and I could withdraw the money out. It's been 1 month already, no offers, no money, no answer. Triple think before investing in this site.