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Have Your Say: Wine investments

glass of wine
Have you invested in wine?

People putting money into fine wine may have lost over 100 million pounds over the last four years through the collapse of investment firms, Money Box has learned.

It's estimated more than fifty such firms have collapsed in this time.

One listener Money Box has spoken to believes she's lost the best part of £180 000.

Have you been approached to invest in wine?

If you did, what has been your experience?

Can more be done to protect investors who are approached to put money into unregulated products?

Tell us your views

COMMENTS FORM

They called about four times and were very persistent. The sales person told me how much money could be made and how China was the big winner. Fortunately I resisted.

Martyn, Telford


I have invested in wine. Only yesterday was given the opportunity to purchase more. I have been to London and have met the company owner and my portfolio manager. All appeared to be above board. Now you have me panicking! All recent articles I have read are positive about wine and yes China is a big emerging Market as they are in many investment businesses. They are even purchasing some of the top Chateaux. Should I be worried?

Joyce, Argyll


I had nuisance phone calls for months, with them trying to get me to invest? I just told them I was not interested & put the phone down.

George, Redditch


Anyone who has googled Bordeaux UK Limited and spent some time reading reviews and its past history, should be instantly clear that there is something wrong with the company.

Kevin


I was called by three wine firms in one day recently. And probably by at least 12 over the past year or so.

The latest story is that India has abolished import duty so every rich Indian will be buying fine wines. It's garbage.

I've got a collection of glossy brochures!!!

Tony, Middlesex


Someone invests in a commodity and does not get the return they expected. They then get upset about it. By this argument can I be compensated for the fact that my endowment policy is not paying out what I wanted it to, despite the fact that I was told that "share values can go up as well as down"? I can't? Oh. IT IS CALLED INVESTING.

Naz, London


I work in fine wine and look after many investment portfolios from clients who have come to us as a trusted, Royal Warrented firm.

Nobody should give money to someone who cold-calls them, if this is your life-savings you should do a great deal of research on both the company and the alternative investment being offered. I've been cold called by a company trying to sell me carbon credits as a 'great opportunity' and promptly hung up and researched them on Companies House. They of course turned out to be a sham business.

This has nothing to do with wine and all to do with con artists trying to rob people. Wine has shown itself historically to be a relatively steady and well-performing asset class but you must do your research (like you should for any investment) before committing any funds.

Kate, London


I had a phone call from a cold caller the year before last.

I was invited to invest in wine and was told the returns in 3 to 5 years time would be in excess of 30%.

I said, I was always told if it sounds too good to be true, then it probably is. He hung up, grunting.

Steve, Suffolk




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