We recommend seriously steering the hell clear of Public.com when it comes to their Alternative Assets! These can include art, sports trading cards, books, and even music rights. All of which are fractional investments. They list the current fluctuating values along with other things in your portfolio, such as stocks, bonds, and cryptocurrency. However, they eventually always sell the item and give themselves a nice chunk. Then everyone gets a minuscule share that isn’t anywhere near the value last listed in your account. It’s never anything even near your individual investment. Money is lost every time! This stuff is supposed to increase in value, but if it has, they must get the bulk of the goods!
To make this even more of a weasel operation, they halt your ability to sell the investment the second they tell you they’ll be selling it. Probably because they know that most are on to their little game and will want to sell and, God forbid, get the money they actually claim it’s worth rather than the fractional rip-off! Can you imagine if they did that with stocks? It’s insane!
We’re currently invested in the rights to music from the Shrek Movie Franchise. Everyone gets paid a royalty on a regular basis. We figured this would be a nice source of income but oh noooo! They just have to sell it for their quick profit like everything the hell else We’re now awaiting the inevitable major loss in value as usual. If it’s well below even the original investment we’re pulling everything out of the Public.com rip-off operation! That being said, there hasn’t been any issue with other investments. However, they charge a silly fee when it comes to cryptocurrency. Other places don’t!💰
UPDATE
They finally sold the Shrek Franchise Original Music Rights and we God forbid did get our money back with an additional $8 per $100 invested. That’s $18 less than the amount last listed in our account but at least we didn’t lose anything this time. Still, we’ll never invest in alternative investments anywhere! It’s a crap shoot! It seems like it’s all about these investment platforms playing fast and loose with people’s money for their own financial gain!🤑