Showing posts from October, 2021

Life after cancelling Chase Sapphire Reserve

 Background I signed up for this card hours after it was released(~Aug 2016). I actually signed up, while on a business flight, as it was such a great deal at the time, for someone in my situation that happened to travel a lot for business. The current situation with remote work, gave me a a pause to re-evaluate my needs for a card with a $550 annual fee, which I can't take full advantage off.  I planned to cancel in 2020, but the benefit of the TSA-pre renewal put me at a break even for the year.  Who can benefit from this card If you are doing even a few trips a year, use the card regularly and have built up a point balance, and intend travelling, the Chase portal rewards for travel is a really great way to spend the points to reduce the cost of travel. I have used the points for multiple international flights in the past few years and have no complaints. Never used it for first class or business rewards as they are not worth the premium to me.  Evaluating the next best options,

Fundrise Q3 2021

 Fundrise has published results and an analysis on Q3 2021. The results are impressive and it appears that they have exited a few deals that may have gone full cycle. Keep in mind that this partly due to the depressed 2020 covid year and low interest rates. There was a recent change in the redemption policy. The penalty has dropped from 3% to 1% for investments held for less than 5 years. Keep in mind you investment period, specifically, if you choose to invest monthly.  The core portfolio still issues a 1099-DIV, but beware of switching to core plus(seems to be renamed to  Long-Term Growth Plus),  as this may require additional cost for tax filing in multiple states.  The reports are currently publicly accessible, using the links below. Fundrise Q3 2021 report Upcoming changes to eREIT and eFund redemption policy Earlier Fundrise review          Source : Fundrise Dashboard 10/6/2021 Core Plus/Long-Term Growth Plus        Source : Fundrise Dashboard 10/6/2021

EquityMultiple Review 2021

 Final results on EquityMultiple - First test investment Interim results were posted here . Since then, this investment has run full cycle and paid out. The following is my analysis of the investment performance. I use XIRR to measure and compare against other non-real estate investments. I find the XIRR number useful when an investment is longer than 12 months.  On the surface it appears that the investment returned 16% on the initial capital (not shown below - use example of 100 invested returned 116) , however that was over a 26 month period and there were fluctuations over the months for the reasons mentioned in the earlier post. The simple  calculation  is dividends/capital invested * 100 = ~16%. However, this is not the complete picture as the results were over a period of 26 months. While the monthly returns look great in isolation, the XIRR and even a simple Compound Annual Growth Rate (CAGR)  over the period is less impressive, when compared to the original projected returns(~