I made an initial deposit of $1,000 in late August. They started out at a dividend of $0.16 per day which is about $58.40 per year or 5.84%. At this point I was disappointed and felt it had not clearly described it's returns which it of course had advertised as over 10% (http://ift.tt/2m0nJ44).
The thing with Fundrise is that their properties are spread out over the U.S. And then in September two hurricanes hit the U.S. Of course Fundrise has properties in Florida and there was never mention of how or if the hurricanes had effected the properties in their news scroll that they have for investors. Their news scroll only talks about positive things about how they're making new investments or new renovations. Never discussing the actual details of why daily dividends dropped from 0.16 to 0.15 or 5.475% return per year. Don't worry, it gets better. As of January 2018, the daily dividend has dropped to 0.12 cents, 4.38%. That's a 25% loss in daily dividends from when it began to current and of course there has never been a single mention of the cause of the drop. I can't wait for the 5 years to be over so I can recoup my money and finally sell my shares.
Submitted January 06, 2018 at 12:35AM by matty1monopoly http://ift.tt/2CJdmvV
