Fundrise Review: Still Worth It in 2024? My $1,000 Investment After 7 Years

[@MeirPamela]

I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

[@IbrahimIsabella-00]

I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes...

[@MeirPamela]

@@IbrahimIsabella-00 That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well

[@IbrahimIsabella-00]

@@MeirPamela My advisor is *MARGARET MOLLI ALVEY*

[@IbrahimIsabella-00]

You can look her up online

[@YinusaSaheed]

@@IbrahimIsabella-00 The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?

[@DavidLinn]

A lot of people in the comments are complaining that they’re not getting rich off of this and then they go ahead and say they’ve got like 5 or 10 grand invested. You’re not going to get any return for that amount. If you want good returns for investing in real estate, you have to put in the same money as if you owned 2 or 3 houses. And fundrise hasn’t been around that long and the time they have been around they have seen a pandemic, a housing boom, and reduction of home values. Invest 2,000,000 and keep it there for 20 years and you’ll see some respectable returns! Or invest $500 a month without stopping. If you people want real estate returns you gotta put in real estate money.

[@Retipster]

@@DavidLinn well said! Thanks for sharing your thoughts, David.

[@christopherstarr4032]

….if Fundrise can’t deliver respectable returns on $10K for me at 7 years, why do you believe they would if I invested $100k? For me and many others, the low dollar investment was a trial run- which the helped us realize Fundrise is just a ponzy scheme with bot reviews propping them up.

[@elmuplay]

So true 😂

[@TwiztidPain]

@@Retipster I got a friend that does stocks and bonds. He will take and reinvest what he made annually back in to invest in and never take out. Just to keep putting it.

[@TwiztidPain]

I agree, it's passive income you don't have it to spend you invest that money back annuallyAbsolutely, it's a form of passive income. Instead of spending it, you should reinvest that money each year to grow your wealth. You are better at finding local property and renting small starting off than going after a small apartment. Then you scale till you can do real estate.

[@InfoRanker]

I'm averaging just under 8% annualized returns (before taxes) with the income funds . Nice way to diversify away from the stock market.

[@contextual_investor6139]

Been with Fundrise for 5 years. Have a 3.6% net annualized return. Pretty pathetic

[@ursulawanza8674]

😩

[@contextual_investor6139]

@Wi2Low for me it’s really bad. Factor in inflation and I lost money. I underperformed a savings account. Not worth the time for 5 years just to receive nothing for it. I was 50/50 Flagship fund and Income fund. The income fund did 7.1%, but was dragged down by the Flagship fund which was nothing but negative. I cashed out at this most recent redemption window this past week

[@BarnyWaterg8]

Especially bad when you compare it to just boring bobble head investments and their returns.

[@electronrecycler1072]

PATHETIC

[@TinasheD]

My annualized return is -5.7%. Yes. Negative.

[@ceestreet6554]

Thanx, you convinced me. This is NOT something I would like to do with my money!

[@MG-tc5bo]

people here complaining of a 5% return… the first thing you should do is to not only put money once but also buy all the way down and up. It is not a good strategy to just buy a lump sum and wait. Put a lump sum AND keep investing AND if you don’t have time for fundamental analysis diversify.

[@camilaandreaiglesiasmirand3574]

I like your thinking!

[@clbdyc]

Dollar cost averaging?

[@wcbu30]

Thanks for the info. Plan to leave it in for at least five years. That helps

[@Chris-dw6cu]

Is there any advantage to this you are aware of over simply buying a REIT fund on the public market? Many pay high monthly dividends and you can close your position any time. The five year waiting period to withdraw any money invested seems like a distinct disadvantage over a publicly traded fund unless fundrise can actually promise you something for keeping your money tied up that long

[@Retipster]

Great question. I haven't done enough REIT fund investing to say for sure... but I can definitely see the disadvantages of the eREIT model like this, especially being unable to touch the money for 5 whole years.

[@theinfinity2994]

This is exactly my thoughts. This just seems like an inferior version of an already existing product. REITs seem superior to this in every way.

[@kpwut]

Compare ten years of returns this is much better returns and much more stable

[@I_am_a_phrase_to_be_said]

After 4 years in Fundrise, I have seen a 5% decline on my $10000 investment. Overall, it's rather meh. I like the idea, but it's just too slow and too little. I attribute the 5% decline obviously to 2023/2024 in which the market sucked, but even before then, the gains were not really seeing they'd be worth it. I'll just take out later and invest in something a bit more steady, even if just as slow.

[@wagrealtyllcnorthcarolina7726]

I’m at 4.6-4.9 decline! Depends on the month I’ve been in since 2020. I stopped because I buy property myself and I was getting way better returns. I invested because it was 100 %passive I have around only $3,000 but that was early on. The returns didn’t make since so I stopped but just let it sit. Still isn’t doing anything

[@mr.188]

Rents are up 4.4% just in FY 2024 alone (Yahoo Finance report) yet my $2k REIT account has lost money year-over-year since 2021(only made an average of $250/4yrs) eventhough rents have steadily increased year-over-year, yet their REIT been flatlining at below rates frm May '23 until now. I withdrew my finds before it started to hit the initial investment. Withdrawals are done on a QTR by QTR schedule. Good luck if you think🤷🏿‍♂️ this is a good REIT move.🤦🏿👎🏿

[@mr.188]

Rents are up 4.4% just in FY 2024 alone (Yahoo Finance report) yet my $2k REIT account has lost money year-over-year since 2021(only made an average of $250/4yrs) eventhough rents have steadily increased year-over-year, yet their REIT been flatlining at below rates frm May '23 until now. I withdrew my funds before it started to hit the initial investment. Withdrawals are done on a QTR by QTR schedule. Good luck if you think🤷🏿‍♂️ this is a good REIT move.🤦🏿👎🏿

[@spk9434]

Your cumulative return is much better. Mine is 5.7%, I started in 2021. Its a sham. Diversify, my foot. Treasury bills would have given a better return. Im withdrawing. It was my stupidity to invest in it

[@MG-tc5bo]

If this is your take… yes don’t invest on this. This is supposed to be highly risky and you should have a diversified portfolio that includes bonds.

[@kpwut]

U truly are an idiot

[@kpwut]

@@MG-tc5bo total bond market funds have a negative return over last ten years. Bonds suck unless u buy and hold individual bonds even then not great

[@andreavandekleut6379]

I like fund rise, it is slow ,but reassurring, and i can afford it , lol it will be my world vacation savings account .

[@Retipster]

Thanks for sharing your thoughts!

[@vjiggy81]

Why dont you just afford fidelity. Its free. And they take amounts minimally. For much more intrest than this crap. Fundrise is awful.

[@JM-dp9xl]

Do you get to claim the depreciation or losses on your taxes?

[@mr.188]

Good question

[@kpwut]

When u sell of course unlikely u will have loss by that time

[@nancysmith-p6r]

Awesome video! Just a quick question: I have the OKX Wallet with USDT, and I have the seed phrase. (job priority warm lab border boil monkey manage palace fiber weird ask). What steps should I take to transfer them to Binance?

[@jrsands]

FYI: Fundrise restricts withdrawals to quarterly.

[@Retipster]

Oh yes, I know.

[@RealityTrailers]

What's up with all the complaints from the BBB website?

[@leetos.4915]

same here. Some reply from FR Seemed honest & legit though 😅

[@kpwut]

People that didn’t read blame their ignorance on Fundrise

[@PluPerfective]

People complaining about a stable conservative 5% return in real estate is crazy. Crypto ruined everyones expectation. Fundrise invests conservatively, so conservative returns. If you want better gain, it means to put in more money..

[@pixel5135]

If you aren’t from the US is there an equal property investment company for Europe? Or a more recomendable way to start investing in your 20s? If you aren’t a US citizen? Thanks.

[@Retipster]

Great question. There is probably something similar for those not in the US, but I'm not sure what it is! Sorry I can't be of more help.

[@clbdyc]

I just signed up for $50 every other week in the conservative plan. Close to retirement so looking for supplemental income

[@Retipster]

I hope it goes well for you! Best of luck.

[@clbdyc]

I moved it all to the growth plan today. Go big or go home 😁. I have 90% of my 401k in a money market.

[@kpwut]

@@clbdycgood move. 50$ a month will not kill u if drops if market corrects it will give some piece of mind

[@tobypetty9435]

good video, very helpful. Thank you for sharing

[@Killerkeller-r6j]

Yikes imagine investing $100,000 and your acout is down $13,000 that’s kinda scary.

[@Retipster]

Yeah, no kidding! It could be really good or really bad, depending on which way it goes.

[@goptions4678]

That's investing for u

[@kpwut]

@@Retipsteractually it would be up 77k but down from high. When stock market corrected 100k lost nearly 40k. So 13 k not bad that’s why it’s a safer investment providing diversification

[@keithmolbeck260]

I was hoping to see a video on this. How can it not generate more money if their used for rentals?

[@kpwut]

Cause they are also buying and interest rates high

[@leetos.4915]

Can this be considered digital real estate? I’m sold to this idea knowing I don’t need to travel out there and look for property investments

[@Retipster]

Perhaps. It depends how you define 'digital.' Arguably, I would call it _actual_ real estate, but fractionally owned through a REIT fund.

[@rahmaximus8736]

I don't think so. I think digital real estate is more about creating a place on the web where lots of people will spend time and money

[@jessicacombs4779]

I dont understand how he still had money in his account if he withdrew the money ? Can someone please explain 🙏🏾

[@Retipster]

The money you see in that account are the dividends automatically re-invested each quarter, which I never withdrew. If I had withdrawn my dividends each quarter, I would've had $0 available after I withdrew my principal in year 5.

[@ritterengine1289]

How is this possible with housing/rent sky rocketed?

[@kpwut]

Cost to buy build and finance rising even higher. As interest rates fall real estate will increase. When interest rates rise like last two years real estate struggles

[@impala6464]

I'm glad I decided not to add this to my diversified portfolio years ago.

[@chrismmbb1]

First rule of investing is don’t lose

[@ritterengine1289]

You’re genius😂

[@kpwut]

U definitely don’t invest in stock market then. Enjoy your cds and treasury bills

[@mattw785]

The Flagship fund is a dog right now. I've been putting mine into the Private income real estate..

[@NightTube1]

im down like 5% from my investment in 2022

[@Retipster]

Sorry to hear that! Let's hope it'll turn around soon.

[@acidianhaywood7433]

5 years after every reinvest is kinda nuts

[@Retipster]

Yeah, I agree. Every investment has its drawbacks, and that's one of the big ones for Fundrise.

[@kpwut]

@@Retipsterit’s also what makes it a safer investment. Preventing panic selling which is esp fatal in real estate

[@keithb372]

The reviews are terrible. Im reading the comments. I was excited about trying it out. But the negative reviews are scaring me away.

[@Retipster]

Good idea to look at some honest reviews.

[@vjiggy81]

Not negative. Honest. They really arnt that great. My fidelity account is doing much better.

[@ikaelkimble2998]

That’s not enough for 7yrs. It’s like getting nowhere

[@Retipster]

Yeah... it's hard to disagree with that.

[@irenmolnar221]

sucks