aLTERNITIVE sOLUTIONS wine investments.Anyone use?

funnyguy

With the dire returns on cash Isa,s this coming tax year ,Iwas looking at the above company as an alternitive to Isa,s.Has anyone had experiance with the above company,and what do they think?

innovate

did you write this after a tasting session?

funnyguy

No I got the website from mutual ,and am teatotal myself[leave the drinking to my wife].As its £5000 minimum investment and the guys ringing me back tuesday,I was hoping someone could enlightin me on the company.

Radiantsoul

It is probably going to be a bad idea.

Duke203

How much do you know about wine, and would you invest in anything else if you had the same level of knowledge?

As a cautionary tale, I'll direct you to...
http://www.bbc.co.uk/news/business-17703269

The salesperson will say it's brilliant though

Radiantsoul

The company is called as AS incorporated. They have no assets or trading history.

innovate

Search the FSA website for 'wine'. Fine wine investments are probably not quite as bad as carbon credit trading schemes, but probably not far off it.

http://www.fsa.gov.uk/portal/site/fsa/fsa-google-search-result?cx=007702012814746907219%3Avvguzpuphuq&cof=FORID%3A9&ie=UTF-8&q=wine&globalsearchsubmit=Search&siteurl=www.fsa.gov.uk%2Fconsumerinformation%2Fscamsandswindles%2Finvestment_scams%2Fcarbon_credit&ref=www.google.co.uk%2Furl%3Fsa%3Dt%26rct%3Dj%26q%3Dfsa%2520carbon%2520trading%26source%3Dweb%26cd%3D1%26ved%3D0CEcQFjAA%2!!!!%3Dhttp%253A%252F%252Fwww.fsa.gov.uk%252Fconsumerinformation%252Fscamsandswindles%252Finvestment_scams%252Fcarbon_credit%26ei%3D3aYSUfzzKeSp0AWBpIHYAQ%26usg%3DAFQjCNHc0hH0RjSaTxPGD3po7ZrRd_ePxQ%26bvm%3Dbv.41934586%2Cd.d2k&ss=&siteurl=www.fsa.gov.uk%2F

innovate

funnyguy wrote: »

No I got the website from mutual ,and am teatotal myself

Excuse my ignorance - what is 'mutual' in this context?

As a teatotaller, how much do you know about fine wine? May be you do know lots about it - - but then you would also know which the best companies in that sector are and/or how you would evaluate how genuine or otherwise an investment scheme with them is?

funnyguy wrote: »

As its £5000 minimum investment and the guys ringing me back tuesday

Did they ring you first, or did you ring them?

jayship

Keep the money in your pocket. Google wine investment reviews to learn more including on the MSE forum.

funnyguy

Sent companies details from 'Mutualpoints' website.[they send various daily offers]Then applied for brochure ,

jimjames

funnyguy wrote: »

Sent companies details from 'Mutualpoints' website.[they send various daily offers]Then applied for brochure ,

I assume you have a full S&S ISA portfolio already then?