Risevest Review – Is Risevest the Best Dollar Investment Choice for You?

September 18, 2023

Are you looking to invest your money in dollars or profit from hard-earned naira? If so, you should consider Risevest. With Risevest, you can automatically invest in US real estate, stocks, and Eurobonds. You can start investing in Nigeria with as little as 10 or 3600 naira.

What do you do with idle money, whether it’s a substantial sum or just a bit? Do you let it sit in your savings account where it earns almost no interest? Or perhaps you’re savvy enough to explore one of the most popular fintech investment platforms.

Risevest Review

You have the option to invest your money in stocks, Treasuries, dollar bonds, or an equity fund managed by an insurance company or bank. These are all excellent choices. It’s worth noting that in 2018 alone, investments worth $1.89 trillion were lost on the Nigerian Stock Exchange.

Furthermore, since 1972, the Nigerian naira has steadily lost an average of 12% of its value each year, indicating the naira’s volatility. So, what’s the alternative? One alternative is a stablecoin. And what currency is more stable than the dollar?

However, finding a stable currency like the dollar is only part of the equation. You also need financial skills to make sound dollar investments, and this is where Risevest comes into play.

Risevest Dollar Investment App Review

Risevest initially started as a free investment club aimed at helping its members invest in the US. As the club expanded, the need for a community-oriented wealth management app became evident—one that offers long-term financial guidance and investment support to empower thousands of individuals to secure their financial futures.

In 2019 alone, the company achieved a remarkable return of 23.78% (the return on the defensive portfolio slightly outperformed the US market and exceeded local dollar investments), with real estate investments yielding a return of 17.48%. The company’s assets under management have already surpassed half a million dollars and continue to grow rapidly.

How Risevest Works

Here’s how Risevest operates:

Register by creating an account and completing your account profile on Risevest. Choose your dollar investment plan, selecting from asset classes such as US stocks, US real estate, Eurobonds, or a combination of them.

Set your investment timeframe and fund your chosen plan. You can select from 3, 6, or 12-month periods and opt for one-time or recurring payments, using your Naira card or bank account. Sit back and watch your investment grow. Risevest requires minimal to no investment experience. Their team of experts manages everything for you.

The platform features an intuitive wallet that allows users to link their bank and credit cards for convenient plan payments. It also facilitates networking with other investors through a free investment club, which includes beginners, laypeople, and financial experts offering free financial advice to newcomers and sharing insights on maximizing returns on investments.

Key Features of Risevest

Platform: Android, iOS

Minimum Investment: $10 or 3600 naira. Plans can be funded either as a lump sum or on a regular basis.

Investment Profit: 13-15% per year*

Safety and Security: Risevest ensures the complete safety of your funds. All Risevest accounts are secured using the same encryption technology employed by banks, and stock investments are insured up to $500,000 by the U.S. Securities Investor Protection Corporation (SIPC).

Withdrawals: You have the flexibility to initiate withdrawals on-demand or choose longer investment periods. Currently, Risevest offers same-day payments in Naira.

Is Risevest the Best Dollar Investment Choice for You?

Whether Risevest is the ideal dollar investment platform for you depends on your investor profile. What distinguishes Risevest from other dollar investment platforms in Nigeria are its asset classes and automated features.

While other online investment platforms like Trove, Chaka, Chipper Cash, Wealth.ng, and Bamboo offer foreign stock and bond options, Risevest, exclusively available in the US, enables investments in real estate.

Risevest operates in the United States and is registered in Nigeria, allowing Nigerian employees to invest globally through a cooperative license. Its global dollar investment portfolio includes shares in prominent companies such as Facebook, Amazon, Delta Airlines, and others.

Is Risevest Registered with the SEC?

Yes, Risevest is registered with the United States Securities and Exchange Commission (SEC), making it a registered investment adviser.

Conclusion

Risevest offers an array of investment opportunities, including the chance to invest in US assets from Nigeria, with the added security of SEC registration. It’s a platform worth considering for those seeking diverse investment options and professional guidance

Risevest Review – Is Risevest the Best Dollar Investment Choice for You?