07-16-2021, 03:04 PM
Anyone here using Vinovest? Considering adding a small allocation.
<!-- SC_OFF --><div class="md"><p>Hello hello,</p> <p>Hope you are having a fantastic Thursday. So, to give you a little background about me, I am 29 years old, I currently worth in B2B sales, my wife and I combined have a portfolio that is about $150,000, mostly mutual funds. On June 30th, this was our allocation across our savings & investments which is what I consider our "portfolio."</p> <p>- 55.02% - Equities (Domestic) [Clarifying here that we are in the U.S.]</p> <p>- 26.18% - Equities (International & Emerging)</p> <p>- 12.67% - Cash & Cash Equivalents</p> <p>- 05.52% - Bonds</p> <p>- 00.61% - Cryptocurrency (Small allocation to Bitcoin & Ether on BlockFi)</p> <p>This month, I decided to switch things up with the "explore" piece of my core & explore. Originally, I had about $10,000 in a trading account where I was trading options. I've had more mixed success this year than I had last year, so I decided to dial some of that back, to make a long story short.</p> <p>I just put $3,000 into <a href="https://Masterworks.io">Masterworks.io</a> on three different pieces of art and I've put $500 on Groundfloor with $10 put into 50 different projects.</p> <p>Vinovest is somewhat similar to Masterworks, but with wine instead of art. Their minimum per bottle is $1,000 and they store the wine and manage the investment for you. This would basically be something for long-term buy & hold and adding money when and if the portfolio gets larger. Like, I wouldn't add money to it again until I hit like $250K or higher and probably at least not until after I finish my MBA.</p> <p>Is anyone here currently using Vinovest? The management fee is like 2.6%, but that makes sense because wine has storage costs and whatnot and I'd be curious to know if the management fee is taken out of the fund or out of my initial investment.</p> <p>I have a call scheduled with them for Monday afternoon to go over questions but I'd love to hear from anyone currently using them successfully as part of their overall portfolio.</p> <p>¡Muchas gracias!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/sharknado523"> /u/sharknado523 </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/okzsje/anyone_here_using_vinovest_considering_adding_a/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/okzsje/anyone_here_using_vinovest_considering_adding_a/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Hello hello,</p> <p>Hope you are having a fantastic Thursday. So, to give you a little background about me, I am 29 years old, I currently worth in B2B sales, my wife and I combined have a portfolio that is about $150,000, mostly mutual funds. On June 30th, this was our allocation across our savings & investments which is what I consider our "portfolio."</p> <p>- 55.02% - Equities (Domestic) [Clarifying here that we are in the U.S.]</p> <p>- 26.18% - Equities (International & Emerging)</p> <p>- 12.67% - Cash & Cash Equivalents</p> <p>- 05.52% - Bonds</p> <p>- 00.61% - Cryptocurrency (Small allocation to Bitcoin & Ether on BlockFi)</p> <p>This month, I decided to switch things up with the "explore" piece of my core & explore. Originally, I had about $10,000 in a trading account where I was trading options. I've had more mixed success this year than I had last year, so I decided to dial some of that back, to make a long story short.</p> <p>I just put $3,000 into <a href="https://Masterworks.io">Masterworks.io</a> on three different pieces of art and I've put $500 on Groundfloor with $10 put into 50 different projects.</p> <p>Vinovest is somewhat similar to Masterworks, but with wine instead of art. Their minimum per bottle is $1,000 and they store the wine and manage the investment for you. This would basically be something for long-term buy & hold and adding money when and if the portfolio gets larger. Like, I wouldn't add money to it again until I hit like $250K or higher and probably at least not until after I finish my MBA.</p> <p>Is anyone here currently using Vinovest? The management fee is like 2.6%, but that makes sense because wine has storage costs and whatnot and I'd be curious to know if the management fee is taken out of the fund or out of my initial investment.</p> <p>I have a call scheduled with them for Monday afternoon to go over questions but I'd love to hear from anyone currently using them successfully as part of their overall portfolio.</p> <p>¡Muchas gracias!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/sharknado523"> /u/sharknado523 </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/okzsje/anyone_here_using_vinovest_considering_adding_a/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/okzsje/anyone_here_using_vinovest_considering_adding_a/">[comments]</a></span>Kind Regards R