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Percent - Private Credit Markets Posted by Scott Paterson [Email] (#13) [Profile/Gallery] (more from Scott Paterson) on Mon, 15 Aug 2022 11:31:26 Members do not see ads below this line. - Help Keep This Site Online - Signup
I've been a stock market investor since January 1991 and that's been a good thing for me. I endured the dotcom bust which creamed my portfolio (didn't sell off) and the 2008 recession (didn't sell off) and this (truly minor in comparison) latest downturn. I'm very much NOT a cryptocurrency fan (1-2% of my portfolio is crypto). In 2018, I started to look into these new "Accredited Investor" opportunities as they relaxed financial laws on who could invest pre-ipo and things like Microventure, StartEngine, and WeFunder popped up and I've been putting a small amount into interesting things I see there. In the past year, I've been exploring the newly opened private credit markets that are now available under the same "Accredited Investor" rules. I've now made 22 investments on Percent ranging from 9-16% annual interest rate including from Percent itself which opted to further fund their business not with venture capital = selling part of their company, but by taking a private loan (private credit market) at 16.08%. Taking a loan, in the long run, makes them more money than selling off part of their company now to investors, if you get that point. And yes, I agree with them. They have such a strong business prop that it makes complete sense to hang on to owning 100% of the company going forward.
Of the 22 investments, 15 have been completed and 7 are still repaying. Most offerings pay back ahead of time to save on interest. Also, the offerings are not plentiful and usually there is nothing available. The other day, I received an email alert about a new offering at 1pm and when I got a chance to look at 4pm, it was already closed at 160% over-subscribed.
If interested, have a look here at the link below.
Percent - Private Credit Markets for Accredited Investors
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