EP #276 - Aurelio Perucca: Investing in Alternative Asset Classes

Timestamps:

1:43 - PwC and entrepreneurship

9:49 - Investing in an alternative asset class

24:36 - What happens when the asset is sold

32:59 - How Splint Invest makes money

38:15 - Crowdfunding campaign closed after 5 days

About Aurelio Perucca:

Aurelio Perucca is the co-founder and CEO at Splint Invest, an alternative investment platform. He holds a MS in Business Administration from the University of Bern and previously worked at Stryker and PwC.

Aurelio’s entrepreneurial journey all began in 2020, when he and some of his PwC co-workers started investing in rare whiskey. Prior to that, Aurelio had only invested in ETFs and stocks, but he soon realized that the high correlation between traditional assets and economic downturns meant that he had to diversify his investment portfolio. Further research led him to discovering that alternative asset classes such as cars, watches and whiskey had a much lower correlation with economic fluctuation. Specifically assets like whiskey or wine have the added advantage of their price being driven by their intrinsic value, which only increases with time (the older the whiskey, the better, the more expensive) – they’re not dependent on some hype. They are also, so to speak, “recession-resistant”.

So in 2021 Aurelio and his co-founders created Splint Invest, an app with the mission to enable all private investors to invest in alternative assets, starting at just CHF 50. You can trade your “splints” with other investors or hold them until the asset is sold and you get to collect your profits. When an asset is sold, you’re charged a flat fee of 2% of the sales price on a pro-rata basis, which covers Splint Invest’s sales process expenses. There are no running costs when you invest in Splints: the variable costs for storage and insurance are already included in the splint price of CHF 50.

However, it is true that stocks have a higher yield on average (despite also being a riskier investment) – but Aurelio makes it clear that alternative assets should only make up 5-15% of your investment portfolio (the rest consisting of stocks, real estate, etc…), and that they’re not something for beginners to dabble with. If you’re just starting out on your investment journey, you’re better off with low-effort investments, like ETFs. But if you want to take your investment game to the next level, sign up today at Splint Invest.

Memorable Quotes:

"At some point, you can’t just add more milestones, more proofs of concept, more validation… You actually need to trust the idea and go for it."

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