Key insights
- The post discusses shifting investments from ETFs to real estate crowdfunding and startups, driven by a desire for tangible impact and potential tax benefits in Europe. While returns aren't the primary focus, the high risk of startups and illiquidity of real estate crowdfunding could negatively impact a portfolio, especially during market downturns. The tax benefits are specific to the investor's location and may not be applicable to US investors.
I'm 26 years old and have been investing in ETFs for 8 years. For some time now, I've been thinking about allocating part of my investments to more "tangible" activities where I could potentially provide direct support to the team.
I'm considering allocating part of my new liquidity to real estate crowdfunding (Walliance, Leone Investments) and startup equity (Mamacrowd, Opstart), all CONSOB-authorized. Reported returns are 7–12% per year on real estate, with a possible 3–10% return on startups with a total loss risk. Returns aren't the key.
A significant tax bonus: investing in innovative startups deducts 30% of your personal income tax (IRPEF). Capital gains reinvested in another startup within 3 years aren't taxed at 26%.
Would you do it? Does anyone have any direct, positive or negative experiences? I'm especially curious to know why you did it, or why you chose not to.