Bitcoin, NFTs, Real Estate Crowdfunding
This stuff is going to make you rich.
Heyo,
I hope y’all are having a good week.
There are 3 things I have been thinking about this week:
Bitcoin
NFTs
Real Estate Crowdfunding
Bitcoin
I’ve been a Bitcoin bull since it hit $60k a few months ago. Since then, it has dropped to $28k, which was the time I invested a lot more.
Today, Bitcoin is floating around $50k. My prediction is that it will break $100k by the end of 2021. You heard it here first! Not investment advice, but I would highly recommend investing in some Bitcoin.
NFTs
For those of you who don’t know, NFT stands for Non-fungible token. You can read my thread here to learn what NFTs are, how to buy them, and why they might be worth your attention. The reason NFTs have caught my attention is that one of my friends made over $100k on one of his investments in NFTs. Do I have your attention now?
In other news, someone just paid $1.3 million for a picture of rock. I’m going to spend the next few weeks digging into this stuff, so stay tuned.
The world of NFTs is vast and complex. My goal is to break it down so I can understand it, maybe make some money off of one, and then share it with you all so you can do the same. We’ll all be NFT millionaires in no time, just stay tuned.
Real Estate Crowdfunding
Have you ever heard of Fundrise or Crowdstreet? They are the most prominent real estate crowdfunding sites. The goal of these platforms is to democratize real estate investing for all.
The problem is that real estate investing has high barriers to entry. You have to have a lot of cash. You have to know the right people. You have to invest in the right markets. Real estate crowdfunding reduces the barrier to entry for real estate investing. Platforms like Fundrise and Crowdstreet make investing in real estate easy.
They package real estate deals into eREITS that investors can then invest in. On Funrise, you can get started with as little as $10!
So, what’s my plan for real estate crowdfunding? Don’t quote me on it, but I think I am going to invest my Roth IRA into it. You might be thinking, “But Austin, how can you do that? Don’t you have to invest your Roth IRA into stocks and bonds"?” Yes, but there is this thing called a self-directed Roth IRA that allows you to invest in other asset classes.
For example, with a self-directed IRA, you’re allowed to invest in real estate, crypto, small businesses, and startups. However, I wouldn’t go transferring everything over to a self-directed so fast. There are lots of rules you need to follow. I can write up a piece on self-directed IRAs if that’d be helpful. Let me know (respond to this email)!
Wrapping it up
Alright, that’s it! This post has sort of ad-hoc (I feel like they all are). I always plan out my newsletter, but I feel the best ones come when I wake up and just type whatever is on my mind. What do you think?
Do you like this style of writing? Or do you like last week’s style of writing? Let me know!
Have a great week,
Austin