Crowdfunding: why its returns suck

This post is in an occasional series of blog posts (starting here) examining angel investing and the role it plays in high net worth peoples’ investment portfolios. This post looks at the ‘angel investing goes mainstream’ route of investing via crowdfunding platforms, drawing on an exclusive survey I ran on my blog.

I’m dealing here with equities – buying shares in companies – though most of my arguments would apply to crowdfunding platforms offering ways to invest in property, loans, and other asset classes.

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Jan 2021 review – spring cleaning underway

The end of 2021’s first month.

January 2021 was quite an eventful month. Vaccine wars (amidst which, the UK has managed over 9m vaccines, thank goodness). Gameshop / WallStreetBets/ DeepFuckingValue memes. Trump’s coup over, Biden’s presidency now in place. Plenty going on.

Lockdown continues relentlessly in the UK. My area of London is proving to be reasonably compliant, to boot. Local covid-19 cases have halved since the early January peak, but remain far too high for comfort. Thankfully a large number of ‘oldies’ have been vaccinated, I know from personal experience, so with luck in a few weeks we will see that impact feeding through in the hospital statistics.

The markets ramped quite impressively in January, until they didn’t. The month end numbers suggest there isn’t much to see here – the month end hiding some quite vivid action.

In the meantime, I was very busy – trying to (partially, at least) replace my portfolio with one (ish) ETF. I’ll report on my progress below.

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