Maxwell Nee – Never Get Too Attached to an Investment

<p><strong>BIO: </strong>Maxwell Nee is the Managing Partner of OENO Wine &amp; Whisky Investment. He’s a multi-award-winning entrepreneur making alternative investments in wine and whisky.</p><p><strong>STORY: </strong>Maxwell bought an apartment in an off-plan contract and paid 45,000 Australian dollars as a downpayment. He was to pay the balance once the apartment was complete in about 36 months. Mid-project, he realized the deal was not worth it, so he pulled out of the contract and lost his downpayment.</p><p><strong>LEARNING: </strong>Slow down and think about something before you commit. It’s okay to walk away from a bad investment.</p><p>&nbsp;</p><blockquote class="ql-align-center"><strong>“When you get fully committed to an investment, you only find reasons to fall more in love with it. Then it becomes harder and harder to walk away even if it looks bad.”</strong></blockquote><blockquote class="ql-align-center">Maxwell Nee</blockquote><p>&nbsp;</p><h2>Guest profile</h2><p><a href="https://www.linkedin.com/in/maxwellnee/" rel="noopener noreferrer" target="_blank"><strong>Maxwell Nee</strong></a> is the Managing Partner of <a href="https://lp.oenogroup.com/aus/" rel="noopener noreferrer" target="_blank">OENO Wine &amp; Whisky Investment</a>. He’s a multi-award-winning entrepreneur who earns his investors a recession-proof and market-beating return with wine and whisky alternative investments.</p><h2>Worst investment ever</h2><p>When Maxwell was 21, he was in Brisbane, Australia, and the city was in the middle of a transition where everyone living in houses started to live in apartments. This led to developers building apartments everywhere, creating a massive oversupply.</p><p>Maxwell decided to move with the trend and bought an apartment off-plan. The apartment was worth about AUD 450,000, and since the apartment wasn’t built yet, Maxwell would pay a 10% deposit and clear the balance after settling in—about 36 months later. He was absolutely in love with this plan from the moment he walked into the showr