BRICKX

Discussion in 'Other Investments' started by StewyD32, Feb 8, 2018.

  1. StewyD32

    StewyD32 Well-Known Member Silver Stacker

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    I received an advertising email linked with my acorns accounts advertising BRICKX.

    Is anyone with BRICKX or looking into it. I don't know what to make of it but might stick in a tiny bit and see what happens.

    BRICKX has a built up diversified property portfolio. With $70-120 you can buy a brick or very small portion of one or several properties in the portfolio. (I think each property is divided into 10,000 'bricks')

    Sounds like a good idea, but what would the real returns on your investment be like?
     
  2. redhawk5796

    redhawk5796 Member

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  3. StewyD32

    StewyD32 Well-Known Member Silver Stacker

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  4. GRETZKY427

    GRETZKY427 Active Member Silver Stacker

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    For what you pay for a BRICK haha...you would need a shit load for anything decent re' a realistic return...save you money and put into a Managed Fund, Super or Bonds.

    Cheers, HAPPY STACKING :)
     
  5. StewyD32

    StewyD32 Well-Known Member Silver Stacker

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    Yep. Decided to put the money dowards my own deposit for a house.... With real bricks :p:D
     
  6. House

    House Administrator Staff Member

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    Doing very well with a 3.5% ROI.

    1x $140 brick has increased by an impressive $4 in 10 months. The monthly 30c rent dividend has kept me off the streets :)
     
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  7. Jislizard

    Jislizard Well-Known Member Silver Stacker

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    Your end of year tax returns must be a headache!
     
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  8. House

    House Administrator Staff Member

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    Yes but the sarcasm font still hasn’t been added to acknowledge this.

    Anyway, where else could one get more than 3.5% on just $144?
     
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  9. House

    House Administrator Staff Member

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    Would have assumed one would not want to put it into something that drops 50% in minutes.

    Which one would you recommend and I’ll put $144 in
     
  10. House

    House Administrator Staff Member

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    Well no recommendation on the crypto (lucky as BTC is down 40% since the recommendation request) but is nearly 11% ROI acceptable in your books?

    040B1897-9237-4DB6-BE5C-E75C93BD3935.jpeg
     
  11. willrocks

    willrocks Well-Known Member Silver Stacker

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    I'd bet putting $144 AUD into BTC right now would yield a better return than BRICKX over the next 12 months.
     
  12. House

    House Administrator Staff Member

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    Don’t suppose there’s a dollar amount on that bet?
     
  13. willrocks

    willrocks Well-Known Member Silver Stacker

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    $144
     
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  14. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    Wouldn't happen to be one of these bricks would it?

    [​IMG]
     
  15. willrocks

    willrocks Well-Known Member Silver Stacker

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    Does your 3.5% factor in the 3.5% fee BrickX takes (1.75% on buying and selling).

     
  16. House

    House Administrator Staff Member

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    Looking good, BTC already down ~45% since the bet?!!! :eek:

    And my crappy little brick has 22% ROI
    F57A1B33-B72C-4E04-A6AC-1E1C19B53447.jpeg

    Bazinga.
     
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  17. willrocks

    willrocks Well-Known Member Silver Stacker

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    9 months to go?
     
  18. aleks

    aleks Well-Known Member Silver Stacker

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    Yeah bull shit, currently being offered at $150

    Post a picture of the order book, where are the buyers sitting at?

    3.5% round turn transaction costs, yikes.
     
  19. House

    House Administrator Staff Member

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    Off you go and buy one for $150. Can only get that price if you’re buying 20. Lowest price for one is $161.

    Lot of faith if you think it’ll have fully recovered and beaten my brick by then.
     
  20. aleks

    aleks Well-Known Member Silver Stacker

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    Post a picture of the orderbook

    And why is there a minimum of 20 for that price?
     

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