I would classify myself as a power investor in the alt space. I’ve been exposed to a lot of different opportunities [in alternative investing], so just the fact that I’m aware of them is a key driver for that.
My portfolio is still predominantly in stocks with Robinhood as my broker, the reason being that I was actually like the 100,000th user on their waitlist. It was my first time investing in stocks. I came back from Dubai. I’d just landed, and I downloaded Robinhood. I thought it was super intuitive, clean, and simple. The user experience and ease of access is what drew me to fintech. So I’ve got about 70% in stocks.
Then I’ve got another 15% in real estate. Another app I downloaded early was Fundrise. I started just dabbling, the reason being to diversify. Even with little understanding of how investing works, it seemed crazy to have all my eggs in one basket. I only put cash I don’t need to access for at least 5 years [in Fundrise]. I’m earning passive income and diversifying, and I can kind of just set it and forget it.
Then there’s loans. I use Groundfloor for passive income. Loans was a new space, and I didn’t have a lot of knowledge on real estate. [With Groundfloor] there was a low barrier to entry...I think $10, and it’s quite simple. [The loans] are 6 to 12 months so it wasn’t locking me up, and I average 10% returns.
I also use Worthy for bonds. That felt like a savings account on steroids. I get a fixed 5% return with no minimum length, and I can withdraw any time. It’s basically a secondary savings account. They also lend to small businesses which is kind of cool. We’re a startup so it’s nice to also help out others in that space.
On the crypto side...I dabble. It’s less than 5% of my portfolio. It fluctuates. Crypto is something I’ve been deeply baked into. My first job was in crypto raising money for Blockchain companies via STO's or Security Token Offerings. This is where we tokenized securities (shares), allowing investors to own equity in the form of a token that was stored on the blockchain. I definitely understand the use case for blockchain but it’s a pretty turbulent space for me. I’ve got a pregnant wife and a two and a half year old daughter. I need stability. We just bought a house. I can’t be rolling the dice on crypto as much as I could if I were single.
I have almost no savings, or money in cash accounts, I mean. It’s like less than 3%. I try to invest every last dollar. I want to earn as much as I can on each dollar. It’s more a case of liquidity needs. I keep at least six months of available cash invested in liquid markets.