Beware of asset managers – asset strippers in some instances!

Why exchange Lafite (a known value) for graphene (questionable value)?

The FCA was warned about graphene investments

There is a new investment fashion offering 'asset management' or 'asset exchange' as Mayfair Worldwide Trading Ltd explain: 'We are currently undergoing a multi-million pound asset exchange program to innovatively get investors out of their under-performing assets with ease and efficiency.' Mayfair are offering graphene for 2004 Château Lafite. See full story here on my investdrinks' blog.     

WIA (Wine Investment Association): a cold callers' charter

 WIA: currently not fit for purpose or investors' support 

Post on my investdrinks blog here explaining why I can no longer support the Wine Association Initiative as it supports cold calling for investment purposes. This is contrary to the very clear view expressed by the FSA (Financial Services Authority). It is evident that if wine investment involving the buying of individual cases of wine by individual investors was regulated, cold calling as defined by the WIA would certainly be banned.

I would not consider buying from any company that signed up to the WIA Code of Conduct as it currently stands.