tag:blogger.com,1999:blog-1567042805993048802.post4644509954821264326..comments2023-11-08T06:40:36.804+00:00Comments on investdrinks (blog): Cold calls: excellent advice from Tony Levene (lovemoney.com)Jim's Loirehttp://www.blogger.com/profile/06696024920441263899noreply@blogger.comBlogger28125tag:blogger.com,1999:blog-1567042805993048802.post-70293551091556732052015-03-05T22:29:00.571+00:002015-03-05T22:29:00.571+00:00anon --- I have same problem thinking to speak to ...anon --- I have same problem thinking to speak to a solicitor any advise?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1567042805993048802.post-11085443282433385332015-01-26T22:11:56.531+00:002015-01-26T22:11:56.531+00:00Can anyone help I'm trying to get my money bac...Can anyone help I'm trying to get my money back from crimson wine and no one returns calls and no one sends any paperwork, not sure where to go next? Any advice would be much appreciated, thanksAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1567042805993048802.post-38182203747462991762013-07-25T10:41:51.618+01:002013-07-25T10:41:51.618+01:00The annual return for Crimson Fine Wines has been ...The annual return for Crimson Fine Wines has been overdue since 21/03/2013.Jim's Loirehttps://www.blogger.com/profile/06696024920441263899noreply@blogger.comtag:blogger.com,1999:blog-1567042805993048802.post-41534277160606321582013-07-25T10:22:39.155+01:002013-07-25T10:22:39.155+01:00I do have an investment with Crimson Fine Wines, A...I do have an investment with Crimson Fine Wines, Any<br />contact is either difficult or details will be sent out by post, But never arrive.<br />I have asked to sell my wine and have received no paper work or phone call from them.<br />I did speak with a receptionist once, who was going to get my call returned, Still waiting.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1567042805993048802.post-72157892143718148732013-03-05T13:13:36.834+00:002013-03-05T13:13:36.834+00:00Jim, interesting data. I ended up here after gett...Jim, interesting data. I ended up here after getting a brochure from Crimson about wine investment. Their literature 'implies' returns of 136% to over 1000% over a 7 year + period. I would suggest anyone looking at this look at this article: http://www.bbc.co.uk/news/business-17703269 where it is estimated that around 50 UK based wine investment companies have collapsed in the 2008 to 2012 period.<br />So, buyer beware.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1567042805993048802.post-50619974755577269702012-12-07T15:01:51.445+00:002012-12-07T15:01:51.445+00:00Whilst on the subject of Mr Rash and the beneficia...Whilst on the subject of Mr Rash and the beneficial owners of Crimson, see also Graycliff Resources and Discovery Biotech, two other companies, in his native Canada, good old Howard Rush (nee Rash) has had a hand in! Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1567042805993048802.post-59706274435144240552012-11-09T12:01:58.681+00:002012-11-09T12:01:58.681+00:00For anyone seeking further information on the man ...For anyone seeking further information on the man behind this operation see: Momentas Corporation and/or Howard Rash a.k.a. Howard Rush! Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1567042805993048802.post-22771906763593470962012-11-05T13:55:33.027+00:002012-11-05T13:55:33.027+00:00Crimson is run by some Canadian guys, who own gene...Crimson is run by some Canadian guys, who own genesis rare diamonds, look them up...<br /><br />you get a diamond...is it worth the money you paid....i doubt it, like investing in rare earth metals- big companies arent interested in buying small baskets of this stuff....who you gona sell your diamond to if they cant,wont etc....avoid the hasstle in my opinion. someones getting rich...is it you or their brokers Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1567042805993048802.post-54364824420555558012012-07-16T10:29:45.460+01:002012-07-16T10:29:45.460+01:00"Neither the cheapest, nor the most expensive..."Neither the cheapest, nor the most expensive"? "I would rather that than be charged a percentage at the other end..."? This sounds very much like the mantra the sales staff are told during training to repeat during a sales pitch! Are you in any way connected to Crimson Fine Wines?<br />Why would a reputable company open so many websites (purporting to be impartial and independent) praising Crimson Fine Wines from a "neutral" standpoint?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1567042805993048802.post-81043309411590652042012-07-05T14:44:40.539+01:002012-07-05T14:44:40.539+01:00They appear to all be backed by the same Canadian ...They appear to all be backed by the same Canadian set up who run Genesis Rare Diamonds in Toronto!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1567042805993048802.post-87569683195339712802012-06-22T15:54:31.782+01:002012-06-22T15:54:31.782+01:00Genesis Rare Diamonds also uses the same address.Genesis Rare Diamonds also uses the same address.Jim's Loirehttps://www.blogger.com/profile/06696024920441263899noreply@blogger.comtag:blogger.com,1999:blog-1567042805993048802.post-27611984976327535332012-06-22T15:50:23.914+01:002012-06-22T15:50:23.914+01:00They flog diamonds too ...
http://www.crimsonfine...They flog diamonds too ...<br /><br />http://www.crimsonfinediamonds.com/companyprofile.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1567042805993048802.post-45964772427671834182012-06-22T14:14:13.002+01:002012-06-22T14:14:13.002+01:00Anon. You are correct I would not buy from Crimson...Anon. You are correct I would not buy from Crimson Fine Wines Ltd due to upfront commission and incorrect tax and consumer protection claims.Jim's Loirehttps://www.blogger.com/profile/06696024920441263899noreply@blogger.comtag:blogger.com,1999:blog-1567042805993048802.post-32270794614656882992012-06-22T11:58:52.179+01:002012-06-22T11:58:52.179+01:00Jim, what details? The above posts show clearly th...Jim, what details? The above posts show clearly that they charge an upfront fee of 15% - not something you approve of - so why are they not on your list of companies you would not buy wine from? And if you don't believe the posts, why not ask them yourself?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1567042805993048802.post-68633511395877648312012-06-21T21:48:21.979+01:002012-06-21T21:48:21.979+01:00Anon – details please.Anon – details please.Jim's Loirehttps://www.blogger.com/profile/06696024920441263899noreply@blogger.comtag:blogger.com,1999:blog-1567042805993048802.post-30240477997761239242012-06-21T15:09:26.438+01:002012-06-21T15:09:26.438+01:00I Notice Crimson Fine Wines aren't on your &qu...I Notice Crimson Fine Wines aren't on your "I wouldn't Buy Wines" List - even though they charge an upfront commission. Why not?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1567042805993048802.post-42896344558994629192012-06-12T03:08:32.298+01:002012-06-12T03:08:32.298+01:00JIm,you make this sound a tad confusing for the av...JIm,you make this sound a tad confusing for the average man, it does not depend on the frequency of trading at all, i mean you buy a case of wine then you sell a case of wine, why then would you buy it back. You only ever make two decisions on any one case of wine when to buy and when to sell SIMPLE and as long as you trade any one case within a fifty year time period from the day purchased you ARE free from CGT....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1567042805993048802.post-50578588145633773152012-03-01T11:58:42.430+00:002012-03-01T11:58:42.430+00:00Anon – Thanks but once again wine is not invariabl...Anon – Thanks but once again wine is not invariably free of capital gains tax. Liability to income tax depends on the frequency of trading.Jim's Loirehttps://www.blogger.com/profile/06696024920441263899noreply@blogger.comtag:blogger.com,1999:blog-1567042805993048802.post-61049186907819815042012-03-01T11:54:36.995+00:002012-03-01T11:54:36.995+00:00Moreover, whilst wine is exempt from CGT you would...Moreover, whilst wine is exempt from CGT you would almost certainly be trading in wine, and so subject to income tax and national insurance.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1567042805993048802.post-80155629579710302292012-01-20T22:55:14.507+00:002012-01-20T22:55:14.507+00:00Anon: 'Wine is actually free from Capital gain...Anon: 'Wine is actually free from Capital gains tax as it is kept in bond'. Sorry this is not correct. Most wine is free of capital gains tax but wine that has an expected life of more than 50 years is subject to capital gains tax on profits made if you come to sell irrespective of whether it is in bond or not.<br /><br />Wine is also subject to inheritance tax.<br /><br />'I was indeed charged 15% but i would rather that than be charged a percentage at the other end when i sell my wine and have hopefully made some profit.'<br /><br />You have to assume that the company that charges an upfront fee is still in business when you want to sell...Jim's Loirehttps://www.blogger.com/profile/06696024920441263899noreply@blogger.comtag:blogger.com,1999:blog-1567042805993048802.post-46130610254483236952012-01-20T21:57:48.238+00:002012-01-20T21:57:48.238+00:00I recently purchased a case of 2009 Pontet Canet f...I recently purchased a case of 2009 Pontet Canet from Crimson Fine Wines and found them to be neither the cheapest nor the most expensive around. I too had never heard of the wine market but they were very helpful and not at all pushy. I decided to go with them as they opened me a private account at London city bonds which noone has access to apart from me where my wine will be stored for up to 5 years paid for by them. I was indeed charged 15% but i would rather that than be charged a percentage at the other end when i sell my wine and have hopefully made some profit i appreciate every company needs to make money somehow. Wine is actually free from Capital gains tax as it is kept in bond from what i understand and has a shelf life so profits should be tax free. From what I understand you only pay taxes if you take the wine out to drink. So far I have not had any problems with Crimson fine wines. Hope this is helpful.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1567042805993048802.post-7671620972693642432012-01-13T15:12:45.533+00:002012-01-13T15:12:45.533+00:00I have received a call from Crimson Wines too and ...I have received a call from Crimson Wines too and agreed for them to send me a brochure. This is the first time I have heard of wine investment.<br /><br />There was no list of wines supplied but they did say that for new investors, they suggest investing around £3000 minimum up to £25000. When I received another call from them, I said I did not have that kind of money. He came up with another price of around £1500 for a wine of 2008 vintage (I cannot remember the name of the wine).<br /><br />In their brochure they quote their charges as " All purchases include a static service charge of 15%, 5 years storage at London City Bond and 5 years insurance (renewable from year to year)."<br /><br />I have read that you are not keen on any company that claims wines are free from Capital Gains Tax. They certainly claim that in their glossy brochure because UK tax law considers wine a "wasting asset".thespecialonehttps://www.blogger.com/profile/06514789597629728269noreply@blogger.comtag:blogger.com,1999:blog-1567042805993048802.post-22093119630712297952011-09-21T13:42:43.715+01:002011-09-21T13:42:43.715+01:00Anon. I have heard of Crimson Wines, a new company...Anon. I have heard of Crimson Wines, a new company. I would want to know more about this company before buying from them. I would be interested to know what wines they have suggested and at what price. Thanks JimJim's Loirehttps://www.blogger.com/profile/06696024920441263899noreply@blogger.comtag:blogger.com,1999:blog-1567042805993048802.post-88906208173568845722011-09-21T13:36:32.661+01:002011-09-21T13:36:32.661+01:00I was recently cold called by Crimson Fine Wines w...I was recently cold called by Crimson Fine Wines with an investment opportunity: As they're not on any of your lists, I'm tempted. I've no problem with cold calls if the investment makes me money. And I wouldn't have known about wine investment if they hadn't called me in the first place.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1567042805993048802.post-54484452542562538692011-09-01T16:30:09.922+01:002011-09-01T16:30:09.922+01:00Anon. Although I object to cold calling, particula...Anon. Although I object to cold calling, particularly in relation to investments, I would go so far as advocating executing them!<br /><br />The crux here is not what I think but a requirement that financial advisers are not allowed to cold call in the UK.Jim's Loirehttps://www.blogger.com/profile/06696024920441263899noreply@blogger.com