Finance
Fundrise vs. CrowdStreet – Which One Is Right For You?
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Fundrise vs. CrowdStreet – Which One Is Right For You?
Fundrise is a Washington-based investing company that was founded in 2010. It focuses on real estate investments and was one of the first companies to implement a crowdsourced approach to real estate investments successfully.
This allowed them to keep minimum investments very low – just $10 -allowing anyone to gain exposure to this market.
Since launching its first product in 2012, Fundrise has become one of the biggest platforms, with a portfolio worth over $7 billion, and they have paid out over $194 million to investors.
CrowdStreet is a real Estate crowdfunding platform based in Austin, Texas. The main reason for co-founders Tore Steen and Darren Powderly to launch this platform was to offset the overreliance of investors on Wall Street when realizing investment opportunities.
Since its inception in 2012, CrowdStreet has traded over $3.93 billion worth of real estate properties and investments and completed over 661 deals.
CrowdStreet’s returns are some of the highest across real estate crowdfunding platforms and, consequently, has a very steep investment entrance: this platform is only available for accredited investors willing to make an initial deposit of $25,000.
In this quick Fundrise vs. CrowdStreet summary, I will go over all the best features of each platform and compare them side by side. If you want to read a more in-depth analysis, check out our full Fundrise vs. CrowdStreet review.
Fundrise & CrowdStreet Similarities
Starting with the similarities; both platforms offer access to:
- Real estate investments
- Residential and commercial properties
- Available for investors in the US
- No trading commissions
- Diversified investments
- Regulated by the SEC
One of the main differences between the two is that CrowdStreet functions as a marketplace where sponsors can list properties or projects, and investors can pick and choose their investments.
Fundrise offers diversified investments through its portfolio and direct investments in specific properties. For a deeper dive into their offerings and similarities, check out this post.
Fundrise vs. CrowdStreet – Side By Side
| Platform | Fundrise | CrowdStreet |
| Minimum Investment | $10 | $25,000 (may vary) |
| Management fees | 0.85% | Free (Investors) |
| Additional fees | 0.15% | 1%-5% (Sponsors) |
| Average annual returns | 5.5%-9.4% | Variable |
| Account tiers | Five tiers based on your initial investment | N/A |
| Trading Commissions | Free | Free |
| Available for non-accredited investors | Yes | No |
| Invest via IRAs | Yes. (Basic tier) | Yes |
| Auto-investing tools | Yes | No |
| Customizable portfolio | Yes. (Core tier) | Yes |
| Real estate focus | Residential and Commercial properties | Commercial |
| Regulated by the SEC | Yes | Yes |
| Insured | No | Yes. By the SIPC, for up to $500,000 |
The more prohibiting difference between these two platforms is that Fundrise takes a crowdfunded approach to their investments, which allows them to keep their minimum very low: you can start investing with just $10.
CrowdStreet, on the other hand, connects sponsors with investors, and since there is no pool of investors, their minimum investments are very high – around $25,000, depending on the listing.
These high fees and the fact that CrowdStreet is only available for accredited investors to make it a somewhat inaccessible option for the average investor.
Both have low management fees compared to the industry average; the main difference is that Fundrise charges a management fee (0.85%), while CrowdStreet charges sponsor for listing their properties or projects, not the investor.
Fundrise has five different account tiers based on your initial deposit, and some features are exclusive to the upper tiers.
For example, investing in the Fundrise portfolio is available for all investors, but investing in particular properties and eFunds is exclusive to Core, Advanced, and Premium users. Here’s a breakdown of the minimum investments you need for each tier:
- Starter ($10 minimum investment)
- Basic ($500)
- Core ($1,000)
- Advanced ($10,000)
- Premium ($100,000)
In this post, we go over the features of each Fundrise tier.
Compared to other real estate investing platforms, Fundrise and CrowdStreet both have a strong focus on commercial and residential properties, and you can expect returns ranging from 5.5%-9.4%. However, CrowdStreet investments can be more volatile if you invest in a single property.
Both Fundrise and CrowdStreet are registered and licensed with the SEC, but only CrowdStreet offers insurance for up to $500,000 through the Securities Investor Protection Corporation (SIPC). Here are some other key differences.
Sign-Up Process
Signing-Up With Fundrise
To sign up with Fundrise, you only need to be a US citizen (or permanent resident) and have a valid email address. No accreditation is required. Additionally, if you use this link to sign-up, you will get $10 worth of Fundrise Real Estate Interval Fund shares for free.
Signing Up With CrowdStreet
Signing up for CrowdStreet is easy, but you must meet some requirements. To apply, you must be an accredited investor with US citizenship, and your primary residence must be in the US.
To start the process, use our link to visit CrowdStreet’s page and fill in some of your basic information. Our promo code will be applied automatically, and you will receive a welcome bonus of up to $200, credited to your account. Keep in mind the welcome bonus may vary depending on their current offer.
Fundrise Fees vs. CrowdStreet Fees
Fundrise Fees
- Sales Commission: None
- Annual Advisory Fees: 0.15%/year
- Management Fees: 0.85%/year
CrowdStreet
- Investor Fees: Free
- Sponsor Fees: From 1% to 5% (additional fees may apply)
CrowdStreet doesn’t charge investors any fee – instead, the sponsor that lists their properties on the marketplace pays a fee.
Choosing Your Plan
If you’re still unsure which platform to pick, these are our recommendations.
- If you’re not an accredited investor and don’t have much experience investing, we recommend the Fundrise Starter or Basic tier for its premade portfolio and low minimums
- If you’re looking to start investing and want access to some basic, affordable investments, we recommend the Fundrise Core tier for its flexibility when choosing investments
- If you’re a knowledgeable, self-directed investor with ample experience in the real estate market looking for the most profitable properties and projects, we recommend CrowdStreet
Usually, it’s a good idea to start with the lower tiers, if applicable, when choosing an investing platform. It’s a great way to get a feel for the market, and you can always upgrade later.
If you want to read more about which platform is better suited for you based on your experience and long-term goals, check out our post, where we discuss all the details you should consider.
Conclusion
If you don’t have much experience investing, Fundrise is a great way to start earning a regular income and gaining exposure to a diversified real estate portfolio.
You only need $10 to get started, and you don’t need accreditation. If you have more investing experience and are looking for specific commercial or residential properties, CrowdStreet might be just for you.
It has somewhat high minimum investments, but its fee structure is very transparent, and you can invest in projects and earn large returns.
Fact Check
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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.
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
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Table of Contents
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, 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
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
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.
Key Industries:
- Finance
- Real Estate
- Arts and Culture
- Technology
4. 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, 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
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 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 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 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.
Key Industries:
- Entertainment
- Media
- Technology
- Aerospace
10. 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, 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 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
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.
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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