I Lost Money With Fundrise (My 4 Year Review)
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As an avid investor looking to diversify my portfolio, I came across Fundrise, an online real estate crowdfunding platform, in 2017. At the time, I was intrigued by the idea of investing in real estate without the hassle of being a landlord. I was drawn in by the promise of high returns and the opportunity to invest in commercial real estate projects that I would never have access to otherwise.
I decided to invest a significant amount of money in Fundrise and eagerly awaited the returns. However, after four years of being a Fundrise investor, I can confidently say that I have lost money with this platform.
One of the main reasons for my disappointment with Fundrise is the lack of transparency and communication from the company. While they do provide quarterly updates on the performance of their investments, the information provided is often vague and doesn’t give investors a clear picture of how their money is being used.
Additionally, the returns that Fundrise has generated for me have been consistently lower than what was initially promised. For example, while Fundrise claimed to offer annual returns of 8-12%, my actual returns have been closer to 5%. This underperformance has been frustrating, especially considering the risks involved in investing in real estate.
Furthermore, investing in Fundrise comes with high fees, which eat into any potential returns. With an annual management fee of 1%, as well as other fees associated with buying and selling shares, it can be difficult to see any significant gains from your investment.
Overall, my experience with Fundrise has been disappointing. While I was initially attracted to the platform’s promise of high returns and easy access to real estate investments, the reality has been far from what was advertised. I have learned the hard way that investing in real estate crowdfunding platforms like Fundrise comes with its own set of risks and challenges, and it is important to do thorough research and consider all factors before committing your money.
In conclusion, I would caution others to carefully consider their investment options before choosing Fundrise or any similar platform. While it may work for some investors, my experience has been a lesson in the importance of due diligence and understanding the risks involved in any investment opportunity.
Hey guys so a lot of heated comments on Gemini so I wanted to chime in. Gemini's partner GENESIS went bankrupt on the "earn" product. They were sued by the SEC for it, they took it down and the funds are being returned to customers (again that is GENESIS, not Gemini). Gemini is operated in NYC, they're federally regulated and NYC is a very difficult state to operate crypto out of unless you're compliant. While I think it's fair to criticize my investments, I don't agree in attacking my character. Please do your own research. If you don't like something, please don't use it, and for god's sake – don't put your life savings into it. Investing is risky. Hope that clears it up.
I'm okay with the ups and downs, but when Fundrise started investing my money into funds I did not choose, I stopped my auto-invest and dividend reinvestment. While the funds I choose are not always open, as long as they remain options, I will continue to manually invest/reinvest. Investing other people's money into funds they don't want, is an absolutely idiotic and corrupt business move. I was so disgusted with Fundrise that I almost closed my account, but for now, I've just reduced how much I invest and no longer recommend it to others.
So glad you did this video. They might not be scam but they are tricky and somewhat discreptive. Remember when your video buddy did a full video on fundrise and said it was a no go
Andrei, I'm currently listening to the audiobook called broken money by Lynn Alden. I'm halfway through the book and it is soooo good. Please listen if you can.
Omg, how could you promote Gemini right now or at all!? Unfollow.
U can already do that. Its called a reit.
You still can’t pick what to allocate they freeze it up and take 10 months for it to “ramp up” while they collect on advisory fees
Every other asset still went up despite inflation and interest rates but Fundrise blames it all on that. Fundrise is terribly run and stealing from their customers. Crooks, scams, never again. Worst investment ever.