Today I’m shifting my focus to an investing app called Fundrise. I’m going to give you the basics on this program and my overall opinion. If you want to get into the nitty gritty, their website is: www.fundrise.com
What Is Fundrise?
Fundrise is the first online investment platform to create a simple, low-cost way for anyone to invest in real estate. They say they’re “on a mission to build the best investing experience ever by minimizing fees, improving long-term return potential, and unlocking access for everyone.”
Does It Cost Anything To Start Investing?
There are various ‘levels’ of investment:
- Starter: $500
- Core: $1,000
- Advanced: $10,000
- Premium: $100,000
With your investment they basically create a diversified portfolio of real estate projects that they acquire, identify, and manage on your behalf. You pay an annual advisory fee of 0.15% for managing your account. There is also an annual 0.85% asset management fee on the Starter account. They don’t charge any transaction fees, sales commissions or additional fees for enabling features on your account, such as dividend reinvestment or auto-invest.
After your initial investment you can invest $100 or $100,000, it’s totally up to you.
What Do These Levels Provide?
With a Starter membership you can’t really choose how your money is invested or which projects you invest in. It’s very basic. If you are a Core member or above you unlock different plans that you can tailor to your own goals:
- Supplemental Income
- Balanced Investing
- Long Term Growth
Personally, I went for Supplemental Income because my goal is to be self reliant with multiple streams of income. I am only a Core member right now, but I am seeing a little bit of growth every day.
Here is my overview on the webpage. As you can see, I have invested $1,100 since Nov. 6th and have $3.74 in net returns. That doesn’t seem like a lot but it is currently Nov. 21st, barely two weeks since my initial investment. That’s actually not bad for such a small investment.
I have a few other long term investments that aren’t getting this much return. Hell, I’ve had a CD for a decade and it’s accrued about that much interest at this point!
You Get Lots of Updates
I like that I also recieve project updates on the properties in my portfolio. Sometimes the projected return changes depending on these updates, like if an apartment complex will be finished ahead of schedule your return may go up. I had one go up because they sold quicker than expected, which is pretty sweet. Of course, it could go down as well if problems arise but that’s just how investing goes.
There’s So Much More To It
There are so many details in investing that I’m not really getting into that here. The Fundrise website is very informative and it’s pretty easy to get a hold of them if you have questions the FAQ’s don’t answer.
Honestly, all that info about eRit’s, tax info and all those things make my head swim. All I really want is a simple, easy to understand platform that gives my the basic info I need to decide whether my investments are making money or not. I believe Fundrise provides that much, at least.
What’s The Verdict?
To me, Fundrise provides everything I’m looking for in an investment app. It has both afull service app that lets me check my investments on the go as well as a well made and easily navigated website with easy to understand readouts and the information I want at my fingertips.
The initial investment amount can be steep for some, including me, but the returns seem to be worth it if you’re a long term investor. If you want oodles of money right now, look elsewhere unless you already have a ton of money to invest up front.
Overall, I like Fundrise. So far they’ve provided what they promised: a relatively low cost way to invest in real estate projects that gives very real returns over time.
- Relatively low cost
- Higher yield than many long term investments
- Constant updates of the projects in your portfolio
- Easy to understand, help if you have questions
- App and website
- Initial investment may be a lot for people on fixed incomes
- You can’t invest in a specific project
I hope you found this review informative. If so, let me know below!
Catharyn – The Rebel Entrepreneur
I’ve seen multiple ads for a work at home program that involves ‘posting links’ or ‘writing’. I’ve looked into these sites and here I will review what I know.
The Lead Page is Always Different
I saw it the first time as an ad for link posting. I dug deeper into the site for information on exactly what ‘link posting’ is supposed to be but I found nothing. They expressed that big companies needed people to post links somewhere (?) and would pay up to $15 for you to do it.
Unfortunately they wanted $97 to even tell me what I’d be doing, for whom and what the process was.
Today, as I was doing research I came across another ad for ‘Work at Home Special Report’. It looked pretty official.
However, when I dug deeper it took me to the same ‘Computer Process’ site as the link posting job from before.
I started digging more into these ‘link posting’ and ‘writing’ jobs that all seem to have a common thread and my suspicions were confirmed: these ads are a complete scam.
They Have A System
First, they show you the same sort of ‘breaking news’ front page, like the one above, as if it’s some sudden shocking development that these jobs even exist. Then, if you decide to go in deeper they bring you to a squeeze page where they say there are limited positions available, then they want you to put in your name, email and phone number.
And you can bet they’re going to sell your information to third parties.
Then, if you give them your information (and bring on the spam-pocolypse upon yourself) they ask you for $97! You have to pay nearly $100 to work for them. You should never have to pay to get a job; that’s just backwards!
I’ll Cut to the Chase
So, here’s my review:
Website: It varies by the scam but you always end up at their ‘computer process’ site for payment.
- None that I can think of
- If they get your information you will be spammed and robo called
- It’s a waste of $97 (and more as reportedly if you actually sign up you’ll be contacted by telemarketers trying to get you to ‘upgrade’)
- It’s just a scam. Don’t do it.
There Are So Many Legit Ways to Make Money Online
You don’t need a scam like this ruining your day and cleaning out your bank account. Definitely check out my other posts and reviews for actual, legitimate ways to earn a living online and produce various income streams so you can make your dream of being self reliant.
Do you have a story about link posting, a work from home method that’s legit or a scam? Leave a comment below!
Catharyn / Fascinatura – The Rebel Entrepreneur
As a Rebel Entrepreneur you’re going to have to investigate the myriad of opportunities on offer online. My hope is that you’ll consider me as a reliable and honest reviewer of these programs and offers to help you decide what path you want to take.
Wealthy Affiliate Review
I came across this program by chance, just looking for work from home opportunities. I saw a review, much like this one, and started hunting down more. I checked to see if it was legit or a scam, read hundreds of reviews; some negative but mostly positive. I decided to give them a chance.
First of all, the community is pretty awesome. You immediately get welcomed by dozens of people, tons of advice, bombarded by notifications on your email… Yeah, it’s a lot. My advice if you have your email set up to give you notifications on your phone is to turn that off. My phone is constantly buzzing, even at 3am.
It’s not all bad, I’m happy for the support but it can be overwhelming. The sheer number of trainings, both official and by the members themselves, is monumental.
Therein lies another con: the sheer amount of information can be daunting. However, if you just ignore all the background noise and focus on your training, whether the bootcamp that they have to become an affiliate for them or the general training (I would not attempt both at the same time, but you do you) you’ll do just fine.
The final negative I have is a personal preference. I know that Wealthy Affiliate is a business and the upsells are very limited, I appreciate that, but the automated messages from the owners bug me. It’s your classic ‘I’m trying to sell you this, but no pressure… but this offer is limited…’ tactic. Also, I feel like the profile messages and private messages within WA from the owners and my ‘Personal Coach’ are all automated.
I get it, you can’t get to everyone. It just feels impersonal.
Otherwise, WA is a great program. The community is amazing, supportive and really, genuinely, wants you to succeed. They are one of the biggest reasons I pay the monthly fee.
Another reason is the upside of one of the downsides: the heaps of info on affiliate marketing. We’re talking an amount that must be one of the world’s largest collections of information on online marketing. The tools you’re given are state of the art, the hosting alone you would pay hundreds of dollars a month for (I know, I’ve done it) and it’s all in one bundle. You just have to be able to focus, follow the guidance and success is inevitable.
Here’s the breakdown
- Great community
- Tons of information on Affiliate Marketing
- Free Membership for all the basic tools
- Low pressure sales
- Not a lot of upsells
- The amount of messages and info can be overwhelming
- Automated messages seem impersonal
The Final Verdict
As you can see, my experience with Wealthy Affiliate has been a good one. I’m enjoying the training, the community and focusing on what I want to do with my website. The other stuff will be there when I’m ready for it, the community will be there to answer my beginner questions and I feel confident about my future as an affiliate marketer.
What else could I really ask?
Wealthy Affiliate Info
Fee(s): Starter membership – Free / Premium – $40 per month or $325 per year
My ID: Fascinatura