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Fundrise Competitors (And Why You Should Disregard Them)

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KEYWORD: Fundrise competitors

Fundrise Competitors (And Why You Should Disregard Them)

 

Real estate investing used to be limited to those with lots of capital to spare.

However, when the SEC released new regulations in 2012 regarding crowdfunding, many more real estate investment options became available to the average person.

One of the first platforms to take advantage of these laws was Fundrise, a popular real estate investment platform that aims to make investing accessible to anyone. Of course, Fundrise isn’t the only option out there, but that’s why we wrote this article: to explain why we think you should choose Fundrise over the competition!

The History

The laws enabling Fundrise to operate legally weren’t put in place until 2012, but the company itself was actually founded in 2010. This means Fundrise had two years of preparation before finally releasing its platform to the world.

The initial version of Fundrise didn’t offer many of the advantages the platform currently prides itself on.

While individuals today can begin their investing journey with less than $500, the original Fundrise required all investors to be accredited and have thousands of dollars to invest upfront.

Thankfully, these requirements were lowered over time, giving way to the version of Fundrise that investors are familiar with today!

Fundrise has been operating publicly for roughly a decade, making it the same age (or older) as much of its competition.

While simply being older isn’t always a positive thing, we think age works in favor of Fundrise. Despite being one of the first services of its type, it managed to grow and produce reliable results for its customers throughout the years.

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Initial Investments

For new investors, initial deposit requirements often pose a major obstacle. Many Fundrise competitors—such as DiversyFund—require a minimum deposit of $500 (and that’s on the lower side).

Some platforms go well beyond this point, requiring thousands of dollars to be invested upfront! Fortunately, Fundrise has significantly lower requirements, making this obstacle obsolete.

To get started on Fundrise, you’ll need a minimum of $10. While a deposit of this size will somewhat limit your investment options, you’ll nonetheless have started your investment journey!

Fundrise will take your deposit and turn it into a diverse portfolio of fractional investments. You can continue to make deposits as you watch your investments grow.

Fundrise offers multiple portfolios and investment options. The more money you deposit, the more options you’ll have available to you. If you’re interested in investing in Fundrise directly, the company allows you to allocate up to 50% of your portfolio’s value into the Fundrise IPO.

The Requirements

“Accredited investors only.” It’s a common roadblock in the world of real estate investing, and one that can keep many potential investors from making their first move.

To be considered an accredited investor, you’ll need to meet a lofty set of financial requirements (such as having a net worth exceeding $1M or making more than $200k per year).

While many alternative platforms—such as Crowdstreet—only make their services available to accredited investors, Fundrise is open to both accredited and non-accredited investors alike.

Investment Options

Different services offer different types of investments. Many services offer pre-made portfolios that allow you to make fractional investments, but you can also invest in stand-alone REITs.

If you choose to invest in a REIT, you’ll want to ensure you’ve properly done your research beforehand. Your performance will ultimately depend on the REIT’s portfolio, so investing always carries some level of risk.

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With Fundrise, you know that the properties have been heavily researched beforehand to ensure profitability. In fact, they only accept approximately 1% of the investment opportunities presented to them!

Unfortunately, this isn’t always the case when investing in random REITs, and the risk could be higher/lower depending on the particular REIT.

While investing in individual REITs gives you more options, Fundrise offers different investment options that are tailored to different financial goals (such as “Supplemental Income” or “Long-Term Growth”).

Reliability

If you’re hoping to begin investing in real estate but lack any prior experience, Fundrise is our top recommendation!

While past performance isn’t necessarily an indication of future performance, we think it’s fair to assume that your money is safe with Fundrise. They’ve achieved an average return rate of 5.42% over the years (compared to 2.17% of the S&P 500).

Furthermore, their worst historical performance still resulted in a return of 1.15%! Although they might not offer the most impressive returns around, they do offer consistent growth for their clients.

The Future & Fundrise Competitors

Fundrise has lots of competitors, and the competition will no doubt grow throughout the coming years. While it’s impossible to guarantee that a superior service won’t be available at some point, Fundrise is the best option at the moment.

Offering over a decade of experience, reliable returns, multiple investment options, the company IPO, and more, Fundrise makes it easy for anyone to start their real estate investing journey. Click here to start investing with as little as $10!

 

 

Fact Check

We strive to provide the latest valuable information for our readers with accuracy and fairness. If you would like to add to this post or advertise with us, don’t hesitate to contact us.  If you see something that doesn’t look right, contact us!

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Finance

The Fascinating Universe of Collectible American Coins

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The Fascinating Universe of Collectible American Coins

The Fascinating Universe of Collectible American Coins

 

Did you know gold has been a go-to for people wanting to diversify their investments and guard their income for centuries? Believe it or not, in today’s topsy-turvy economy, gold’s steady yields and proven durability are hot commodities for investors worldwide.

One of the trendiest ways to convert greenbacks into gold is by purchasing gold bars and coins.

Gold coins might be particularly tempting to investors due to their snazzy aesthetic and historical value–in addition to their monetary worth. But where to start–that’s the million dollar question? With so many gold coins out there, how do you decide what (and how) to bet on?

 

Golden Eagles Soaring High – American Gold Eagle Coins

Let’s dive in with the American Gold Eagle coins — a red-hot favorite and a well-known player in the gold coins market.

The U.S Mint whips up these 22-karat gold coins decorated with a Lady Liberty design on the obverse side, while the reverse side flaunts a bald eagle nesting or a bald eagle’s head, year-dependent.

And here’s what’s also interesting–you can claim these American Gold Eagle coins in various weights: 1 oz, 1/2 oz, 1/4 oz and 1/10 oz. The same goes for its ‘cousin’– the American eagle silver coin.

 

The Canadian Maple Leaf–Not Quiet American, but Close Enough

The 24-karat gold Canadian Gold Maple Leaf coin, sculpted by the Royal Canadian Mint, is an absolute stunner.

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Hitting the ground in 1979, this golden wonder was in toe-to-toe competition with the South African Gold Krugerrand and is still regarded as one of the world’s purest and most coveted gold bullion coins.

The design? A maple leaf on the obverse side and an image of Queen Elizabeth II on the reverse.

What’s rad is that Canadian Gold Maple Leaf coins come in an array of weights, from 1/25 oz all the way up to 1 ounce.

 

Unleashing the Golden Buffalo – American Gold Buffalo Coins

Say hello to the American Gold Buffalo coin–another popular (and very favored)choice among investors and collectors alike.

The design is a tribute to the 1913 Buffalo Nickel conceived by renowned James Earle Fraser. You’ll see a Native American chief’s profile on the obverse side and an American buffalo on the reverse.

What’s fun to note is that American Gold Buffalo coins are 24 karats—higher purity than American Gold Eagle coins.

 

The Golden Wrap Up

Dropping some money into gold coins can be a savvy strategy to protect your overall investment bundle from losses and fend off inflation.

The coins discussed above are top-notch options for anyone keen on adding a dash of the shiny metal to their investment portfolio or who gets a kick out of curating a collection.

Always remember — before making any investment decision, do your legwork, contemplate your investment goals and risk tolerance, and seek advice from a financial guru for individualized guidance based on your unique financial situation. Good Luck!


Fact Check

We strive to provide the latest valuable information for our readers with accuracy and fairness. If you would like to add to this post or advertise with us, don’t hesitate to contact us.  If you see something that doesn’t look right, contact us!

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Finance

Writing Essays Online – The Pros and Cons of Plagiarism

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Writing Essays Online - The Pros and Cons of Plagiarism

An report accuses some students to utilize online paid essay services to attempt to better their grades. Students may use these to attempt to improve their scores on standardized tests. Is this true? How does it work?

Academic researchers believe that students could be using essay writing solutions to attempt and boost their grades. (more…)

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Finance

Top 13 Richest Cities in the World by Number of Millionaires

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Top 13 Richest Cities In The World By Number of Millionaires

Top 13 Richest Cities In The World By Number of Millionaires

 

We live in an era of rapid economic growth and prosperity. Many cities around the globe have become thriving hubs of wealth, attracting millionaires from various industries.

In this article, we will explore the top 13 richest cities in the world by the number of millionaires. By understanding these prosperous urban centers, we can glean valuable insights into the global economy and the distribution of wealth.

 

 

1. New York City, United States

New York City, United States

New York City, often referred to as the Big Apple, is undoubtedly one of the wealthiest cities globally. With a high concentration of millionaires and billionaires, it is home to the world’s largest financial market, the New York Stock Exchange. The city’s vibrant economy is powered by diverse sectors, including finance, real estate, technology, and media.

Key Industries:

  • Finance
  • Real Estate
  • Technology
  • Media

 

 

2. Tokyo, Japan

Tokyo, Japan

The bustling capital of Japan, Tokyo is a hub of commerce and innovation. With its strong economy, the city has attracted numerous millionaires who have made their fortunes in various industries. Tokyo’s Stock Exchange is the third-largest in the world, contributing significantly to the city’s wealth.

Key Industries:

  • Technology
  • Manufacturing
  • Finance
  • Retail

 

3. London, United Kingdom

London, United Kingdom

A global center for finance and culture, London is home to a large number of millionaires. Its status as a financial capital has attracted wealthy individuals in banking, hedge funds, and private equity. Additionally, the city’s thriving arts and cultural scene attracts high net worth individuals from around the world.

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Key Industries:

  • Finance
  • Real Estate
  • Arts and Culture
  • Technology

 

 

4. San Francisco, United States

San Francisco, United States

San Francisco and the surrounding Silicon Valley have become synonymous with technological innovation and entrepreneurship. The city’s thriving tech ecosystem has generated a significant number of millionaires and billionaires, thanks to the success of companies like Apple, Google, and Facebook.

Key Industries:

  • Technology
  • Venture Capital
  • Biotechnology
  • Green Energy

 

 

5. Hong Kong, China

Hong Kong, China

Hong Kong, a Special Administrative Region of China, is a major financial hub in Asia. Its strategic location and business-friendly environment have made it a magnet for wealthy individuals in finance, real estate, and trade. The Hong Kong Stock Exchange is one of the largest and most active in the world.

Key Industries:

  • Finance
  • Real Estate
  • Trade
  • Retail

 

 

6. Sydney, Australia

Sydney, Australia

As Australia’s most populous city, Sydney has a diverse and robust economy. The city’s natural beauty, high quality of life, and thriving business sectors have made it a popular destination for millionaires. Its key industries include finance, real estate, tourism, and technology.

Key Industries:

  • Finance
  • Real Estate
  • Tourism
  • Technology

 

 

7. Singapore

Singapore

Singapore is a small island nation with a powerful and dynamic economy. Its strategic location as a global trade hub has attracted wealthy individuals from various industries. The city-state’s pro-business environment, excellent infrastructure, and high quality of life make it a top choice for millionaires.

Key Industries:

  • Finance
  • Trade
  • Real Estate
  • Technology

 

 

8. Zurich, Switzerland

Zurich, Switzerland

Zurich is Switzerland’s largest city and a global center for banking and finance. Its stable economy, low tax rates, and renowned private banking sector have attracted a significant number of millionaires. The city is also home to major international corporations and a growing technology sector.

Key Industries:

  • Finance
  • Pharmaceuticals
  • Technology
  • Manufacturing

 

 

9. Los Angeles, United States

Los Angeles, United States

Los Angeles is a global entertainment hub, known primarily for its thriving film and television industry. As the home of Hollywood, the city has attracted numerous millionaires and billionaires involved in media, entertainment, and technology.

Los Angeles also has a strong presence in industries like aerospace, fashion, and tourism.

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Key Industries:

  • Entertainment
  • Media
  • Technology
  • Aerospace

 

 

10. Mumbai, India

Mumbai, India

As India’s financial capital, Mumbai is home to the country’s largest corporations, stock exchanges, and banking institutions. The city’s growing economy has generated a significant number of millionaires, particularly in industries such as finance, real estate, and technology. Mumbai is also known for its thriving Bollywood film industry.

Key Industries:

  • Finance
  • Real Estate
  • Technology
  • Entertainment

 

 

11. Paris, France

Paris, France

Paris, the romantic capital of France, is not only known for its rich cultural heritage and history but also for its robust economy. As a major global financial center, Paris has attracted numerous millionaires who have made their fortunes in industries such as fashion, finance, luxury goods, and tourism.

Key Industries:

  • Finance
  • Fashion
  • Luxury Goods
  • Tourism

 

 

12. Toronto, Canada

Toronto, Canada

Toronto is Canada’s largest city and economic powerhouse. The city’s thriving economy is driven by diverse industries, including finance, technology, and real estate. Toronto’s stock exchange is the largest in Canada and the ninth-largest in the world, contributing significantly to the city’s wealth.

Key Industries:

  • Finance
  • Real Estate
  • Technology
  • Life Sciences

 

 

13. Shanghai, China

Shanghai, China

As one of China’s most populous and prosperous cities, Shanghai has experienced rapid economic growth in recent decades. The city is a global financial hub and home to the Shanghai Stock Exchange, one of the world’s largest. Key industries in Shanghai include finance, real estate, and technology.

Key Industries:

  • Finance
  • Real Estate
  • Technology
  • Manufacturing

 

 

Conclusion

The top 13 richest cities in the world by the number of millionaires showcase the diversity and strength of the global economy.

From finance hubs like New York City and London to technology centers like San Francisco and Tokyo, these cities represent the pinnacle of wealth and success.

As the world continues to evolve, we can expect these urban centers to remain at the forefront of innovation, driving economic growth and prosperity.

 

 

Frequently Asked Questions (FAQs)

 

 

 

1. Which city has the most millionaires?

New York City currently has the highest number of millionaires, thanks to its strong economy and status as a global financial capital.

 

 

2. Which industries are most prevalent in these wealthy cities?

Key industries among these cities include finance, real estate, technology, and trade. However, each city has its unique mix of thriving sectors, such as entertainment in Los Angeles and luxury goods in Paris.

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3. What factors make a city attractive to millionaires?

Factors that attract millionaires to a city include a strong economy, business-friendly environment, high quality of life, and opportunities for investment and wealth creation. Additionally, cities with well-developed infrastructure, excellent healthcare, and education systems, as well as cultural and recreational opportunities, are also attractive to high net worth individuals.

 

 

4. How does the concentration of millionaires impact a city’s economy?

A high concentration of millionaires can contribute to a city’s economic growth by driving investments, creating job opportunities, and stimulating local businesses. Their wealth and spending can also contribute to the city’s tax revenue, helping to fund public services and infrastructure projects.

 

 

5. Are there any emerging cities that could make this list in the future?

Emerging cities like Dubai, United Arab Emirates; Bangalore, India; and São Paulo, Brazil have experienced rapid economic growth and are home to a growing number of millionaires. As these cities continue to develop, they could potentially join the ranks of the top 13 richest cities in the world.

 

 

6. Do these cities also have a high number of billionaires?

Yes, many of these cities also have a high concentration of billionaires. For example, New York City, San Francisco, and Hong Kong are known for their significant number of billionaires in addition to millionaires.

 

 

7. How do wealthy individuals contribute to a city’s cultural scene?

Wealthy individuals often invest in and support the arts, museums, and cultural institutions in their cities. They may also sponsor events, donate to charitable causes, and commission works of art, contributing to a vibrant and diverse cultural scene.

 

 

Fact Check

 

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