street shares

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barberakb
Posts: 50
Joined: Fri Apr 21, 2017 11:14 pm

street shares

Post by barberakb » Fri Aug 03, 2018 3:05 pm

https://streetshares.com/

Has anyone invested in these?

Just curious on your thoughts if you have.

I am in the military and like the idea of supporting veterans and making a little money at the same time, but the boglehead in me is skeptical...


Thanks

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BoglePaul
Posts: 87
Joined: Tue Jul 29, 2014 2:34 pm

Re: street shares

Post by BoglePaul » Tue Oct 16, 2018 9:20 pm

I am an investor in StreetShares. USAA has currently partnered with StreetShares to provide small business loans. That is a pretty huge stamp of approval.
https://communities.usaa.com/t5/Money-M ... a-p/184075

The street shares notes pay 5%, all while investing in Veteran owned businesses.
https://streetshares.com/landing/veteran-business-bonds

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whodidntante
Posts: 4202
Joined: Thu Jan 21, 2016 11:11 pm

Re: street shares

Post by whodidntante » Tue Oct 16, 2018 11:54 pm

I'm not familiar, but I did notice they have liquidity gates though they aren't terrible.

Access your money anytime for a 1% fee*
After 1 year, withdraw with no fee or keep your money at work
*For withdrawals of more than $50,000 StreetShares may take up to 30 days to process the payment and remit the funds to your bank account.

AlohaJoe
Posts: 3853
Joined: Mon Nov 26, 2007 2:00 pm
Location: Saigon, Vietnam

Re: street shares

Post by AlohaJoe » Wed Oct 17, 2018 12:10 am

BoglePaul wrote:
Tue Oct 16, 2018 9:20 pm
I am an investor in StreetShares. USAA has currently partnered with StreetShares to provide small business loans. That is a pretty huge stamp of approval.
USAA has also partnered with CoinBase. Do you see that as a huge stamp of approval to start investing in Bitcoin?

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JoMoney
Posts: 6155
Joined: Tue Jul 23, 2013 5:31 am

Re: street shares

Post by JoMoney » Wed Oct 17, 2018 12:43 am

5% sounds good if this is guaranteed.
It sounds a bit low if these are essentially high credit risk business loans.
hmm...
...StreetShares cannot guarantee and does not promise any specific results from use of the Site and/or the Service, including any particular rates of return for Investor Members or the funding of or particular interest rates for loans requested by Business Borrower Members...
"To achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it looks." - Benjamin Graham

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BoglePaul
Posts: 87
Joined: Tue Jul 29, 2014 2:34 pm

Re: street shares

Post by BoglePaul » Wed Oct 17, 2018 9:48 pm

AlohaJoe wrote:
Wed Oct 17, 2018 12:10 am
BoglePaul wrote:
Tue Oct 16, 2018 9:20 pm
I am an investor in StreetShares. USAA has currently partnered with StreetShares to provide small business loans. That is a pretty huge stamp of approval.
USAA has also partnered with CoinBase. Do you see that as a huge stamp of approval to start investing in Bitcoin?
Maybe a stamp of approval to start selling Bitcoin.

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