No lost love
About 5 years ago, I came across Fundrise. Did a bit of research and thought the concept was maybe worth trying. My wife and I have a pretty diversified portfolio but real estate is something we had always steered cleared of. Never seemed like the right time, so we ve always invested in other things.
In 2021, we figured let’s give this a shot and put some money in it. Not much ( 10K ) and test the waters. Hands off approach, flagship real estate fund. Figured we would divert some cash in it if it was fullfilling our needs. Simple. We dont do complicated. Enough to do with other investments.
Well to say the experience as been underwhelming would be an understatement. We clearly never increased our capital there. 5 years in, still $400 below pur initial investment. Maybe it’s us, maybe fundrise but hands off is what they sell.
We ended up moving money to municipal bonds instead. Not juicy but at 5% tax free, it has made a whole lot more for us than fundrise ever will.
Not ranting by the way. Investments are what they are. You win some, you lose some. Now i just want to see what happens with the 10K, another 10-15 years down the road.