Author Topic: Members' Thoughts and Experience with StreetShares  (Read 9945 times)

2020traders

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Re: Members' Thoughts and Experience with StreetShares
« Reply #15 on: October 29, 2018, 02:58:01 PM »
So...a lot has not happened over the last four or five months with regard to opportunities for Pro Investors at Streetshares.  By following the investment opportunities that do post on the website it is apparent a few Pro Investors are still able to participate in new loans on a limited  basis.  However, it is also apparent that most of us who supported Streetshares' efforts to fund loans for Veteran business in the past are not excluded.  Very little information has been shared by the company in this regard.  Private inquiries result in somewhat vague responses regarding future plans for the Pro Investor platform.  Announcements are alluded to, but  then deferred for one reason or another.  This detracts from the original freshness and seeming transparency I experienced earlier on.  Signs of growth no doubt, however, Streetshares would likely do well to pay attention to that part of its original investor base that supported operations in good faith and with their own hard earned dollars.  I'm hopeful this post will reach some of the many investors who regularly invested and reinvested in the Pro Investor problem, but have, at least for now, been kicked to the curb.  In particular, it would be good and I feel, appropriate, to hear from Peter Renton who has still been able to engage in new, ongoing loans as a Pro Investor.  Thanks all.

Peter

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Re: Members' Thoughts and Experience with StreetShares
« Reply #16 on: November 01, 2018, 10:13:13 PM »
2020traders, I reached out to the CEO of Streetshares and questioned him on your post here. This is what he said:
"We put our 5% Veteran Business Bond investor money to work first, followed by StreetShares Pro investor money on a FIFO (e.g., "oldest-accounts-fill-first basis"). Pro investors who have been with us for awhile get first dibs."

I have been with Streetshares almost since the beginning which is why I expect I am able to stay pretty much fully invested.
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2020traders

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Re: Members' Thoughts and Experience with StreetShares
« Reply #17 on: March 13, 2019, 06:00:47 PM »
Thank you Peter for your information re: why some Pro Investors are being excluded from ongoing investment opportunities.  Can't say I'm good with it, but "it is what it is".  Would have preferred the company to have been forthcoming with their decisions and changes...not a strong suit of this otherwise apparently good venture.

I was glad to see on RetireBeforeDad.com, the up to date write up which further illuminates some of Streetshares planned changes to platform such as auto reinvestment of earned interest back into their bond accounts ... those currently paying 5%.  Again, it would be good if Streetshares put this kind of information out to its customers/investors in a timely fashion vs. relying on third party bloggers and websites.

Last question/comment for now....do not understand why 2018 1099s are not available on the website as they were in 2017.  Did not receive these forms by U.S.P.S. either.  Per my CPA, they should have been distributed by 02/15/2019 for tax year 2018.  Any thoughts?  Did some investors get theirs and if so, in what form?  Hoping this company can start capitalizing on some of the missed opportunities that have occurred in connection with communication and building relationships with their customers/investors.

SeanMCA

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Re: Members' Thoughts and Experience with StreetShares
« Reply #18 on: March 20, 2019, 11:17:27 PM »
I put money into StreetShares almost 3 years ago and pulled the money back out almost immediately when I saw obvious and glaring red flags. Caveat Emptor.
I'm a merchant cash advance veteran exploring the p2p lending waters.

2020traders

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Re: Members' Thoughts and Experience with StreetShares
« Reply #19 on: April 18, 2019, 03:32:33 PM »
Hello Peter,

Just wondering where your thoughts are on Streetshares....?  I realize that is a very open ended question, but it's intentional.  Interested in knowing your sentiments regarding ongoing investment with this company.

Thanks for your diligence.