London Cask Traders

jimjames

Albermarle said:

If you look at the mainly glowing Trust Pilot reviews, there is a suspicious number of people with only one or two contributions.
Plus they all praise the company for the ease of purchase, but not one comment about selling the casks again, where I suspect is when the issues will start.

Funnily enough the reviews for London Capital & Finance were equally glowing on Trustpilot until people wanted their money back and then realised it was a scam and pyramid scheme. Not suggesting London Cask is a scam but as you say people posting reviews about buying don't have the full picture of the cask investment lifecycle.

boingy

Not sure where the 12% to 20% has come from. Their own website says:

What returns could I expect to achieve?

We could expect returns of around 8-12% per annum based on historical performance. Meaning if you were to invest £20,000 into whisky casks, you could expect to sell for around £30,000 – £36,000 in five years.


(and, yes, I chuckled at those TrustPilot reviews).

tmen

Thanks everybody for your comments they are appreciated.

It confirms my initial thoughts and he has decided not to invest

The 12 to 20% came from an email they sent to him.

Martin_the_Unjust

If anyone believes they can reliably turn 20k into 30 to 36k in five years I have a bridge and some magic beans for sale!

flaneurs_lobster

mortgageFTB said:

It’ll be a highly illiquid product.........

It literally is a liquid product.*

* if it exists.

Gary1984

If he wants to dabble in whisky try buying a limited edition bottle direct from a distillery. It will cost less (say, hundreds instead of thousands), he can store it himself, no future fees for bottling or duty and he can be certain it actually exists. Easy to sell too through a specialised whisky auction site. And if it doesn't go up in price he can always drink it.