Australia Wine Index

resurrector

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Hi

Have done some research on the net and have found some negative comments on this investments.

Any forums members got any comments?
 

iCuteCube

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With growing global uncertainty, with USA jobless rate increasing, you sure this is the right time? For you to decide.
 

Shiny Things

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Hi

Have done some research on the net and have found some negative comments on this investments.

Any forums members got any comments?

Even if the company is legit (and I'm not entirely sure it is), wine is not an investment. I posted it already a few years ago (if you'd searched for threads you'd have found it), but here's a great piece by Felix Salmon on why wine is a terrible investment.

The tl;dr summary:

1) The wine market is tiny, so you'll have trouble finding a buyer when you want to sell. You might even end up having to sell back to AWI, in which case they can set the price as low as they want;
2) It costs money to store wine, so you've effectively got a negative interest rate (unlike stocks or bonds or real estate);
3) You can't just buy and hold; you need to be able to sell the wine before it gets too old (and before all the other wine investors start selling it too).

And watch out for ponzi schemes. Anything with a "guaranteed" return is probably a scam (and there have been two or three "wine investment" companies shut down by the CAD in the last few years, so it's not exactly a clean business).

Wine is not for investing. Wine is for drinking.
 

ketua

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Up for this thread, as I've recently being 'pestered' by AWI.

Searched and I found this thread! thanks!

EDMW is the besterest!
 

FreDeRicK

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I recall big wine investment companies going bust few years ago..

Don't believe everything a sales guy/gal tells you.
 

nbro

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Yesterday I attended the AWI talk. Oh man. I almost paid for the wine. Why did it still not being close down? They are such a scammer....
 

nbro

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Sorry to dig up this old thread... as the AWI are still standing... and I hope no one should ever get scam by them...
 

Hoam Chu

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Sorry to dig up this old thread... as the AWI are still standing... and I hope no one should ever get scam by them...

Just hope no one but if you turn up outside their office Saturday 12pm~??, you can see many are inside.
 

FreDeRicK

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Yesterday I attended the AWI talk. Oh man. I almost paid for the wine. Why did it still not being close down? They are such a scammer....
Almost paid? Run away as quickly and as far as you can.
 

The_Davis

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if it's too good to be true, then it probably is:s8: ........
 

KnyghtRyder

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Recently got called (from UK) by a new group offering to sue AWI on investor behalf. No win, no fee basis. I'm super skeptical.
 

Justin Lim

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AWI

hey guys anyone here recently got contacted by this company called edaims pte ltd?
Regarding our investments made through australian wine index ??
 

MC-Keng

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hey guys anyone here recently got contacted by this company called edaims pte ltd?
Regarding our investments made through australian wine index ??

I have heard about them too, seems like they are able to help get back the wine. I went down for the appt. They were not like others who wants to be our agents plus I didn't have to pay anything when I went for the appt.
That made me trust them as they took my portfolio to check on the value first. Let's hope I will be getting back my wine or at least my money. Tough times.
 

Papyrus

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I have heard about them too, seems like they are able to help get back the wine. I went down for the appt. They were not like others who wants to be our agents plus I didn't have to pay anything when I went for the appt.
That made me trust them as they took my portfolio to check on the value first. Let's hope I will be getting back my wine or at least my money. Tough times.

Hi, do let me know whether Edaims is legit and managed to help you with your wines.
 

The_Davis

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Upz interested also as edaims contacted to go down to understand what they are about. If can liquidate the wines will be best.
 

Rumboo

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Upz interested also as edaims contacted to go down to understand what they are about. If can liquidate the wines will be best.

Hi, do let me know whether Edaims is legit and managed to help you with your wines.

1st ever post for me!

Just went down, Wisma office block. Small temporarily rented meeting room, only 2 guys, Clarence and some other fella. Their telemarketer Samuel Menon will tell you on the phone that their office is in Wisma like very legit, but it's just a small rented room and desk. Samuel told me that he isn't always there, but if he was on the day of my appt, he would come shake my hand. Looks like he's never there, cos it isn't their office. Starting with a lie, always a bad sign.

Wanted to photocopy my i/c, at least got PDPA waiver form, but couldn't provide a satisfactory reason why they need it. In the end, I just showed him without photocopy, but I did let them photocopy the invoices from AWS. Filled in another form to provide some basic personal data.

In the end, short meeting, because I told them my only objective is to take out the wine for myself. They said they would act as a bridge with CWT who stores the wine. Told Samuel previously over the phone that I would only come down if they could get me my wines at no charge, including storage charge, because I already gave up on it, told the previous company that they can keep it and I don't want it. He said "yes", even though it didn't make sense. Sure enough, Clarence mentioned storage charges, but that is for me to liase with CWT directly.

I asked Clarence how his company makes money, said he doesn't know, only gets a salary himself. He can't or won't tell you very much.

So that's it. Wait up to 14 working days for further contact from CWT. Whether legit or not, dunno yet. Supposedly, they will auction your wine if you want.
 

Papyrus

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1st ever post for me!

Just went down, Wisma office block. Small temporarily rented meeting room, only 2 guys, Clarence and some other fella. Their telemarketer Samuel Menon will tell you on the phone that their office is in Wisma like very legit, but it's just a small rented room and desk. Samuel told me that he isn't always there, but if he was on the day of my appt, he would come shake my hand. Looks like he's never there, cos it isn't their office. Starting with a lie, always a bad sign.

Wanted to photocopy my i/c, at least got PDPA waiver form, but couldn't provide a satisfactory reason why they need it. In the end, I just showed him without photocopy, but I did let them photocopy the invoices from AWS. Filled in another form to provide some basic personal data.

In the end, short meeting, because I told them my only objective is to take out the wine for myself. They said they would act as a bridge with CWT who stores the wine. Told Samuel previously over the phone that I would only come down if they could get me my wines at no charge, including storage charge, because I already gave up on it, told the previous company that they can keep it and I don't want it. He said "yes", even though it didn't make sense. Sure enough, Clarence mentioned storage charges, but that is for me to liase with CWT directly.

I asked Clarence how his company makes money, said he doesn't know, only gets a salary himself. He can't or won't tell you very much.

So that's it. Wait up to 14 working days for further contact from CWT. Whether legit or not, dunno yet. Supposedly, they will auction your wine if you want.
Thanks very much for this detailed and useful reply. Would really appreciate another update from you 2-3 weeks later after CWT contacts you about your wines.I am keen to see how they intend to resolve your storage charges and return your wines for your own consumption or help you sell to interested buyers. Thanks much, Rumboo!
 
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