Kevin Jones

Serial entrepreneur I asked Claude, a chatbot Pete Kaminski likeslink [1] how to invest in your local economy if you are not an accredited investor.

It gave this answer:

There are several ways to invest in your local economy as a non-accredited investor. Here are some options:

1. Local businesses: - Purchase gift cards or shop at local stores - Invest in local crowdfunding campaigns - Join a local investment club

2. Real estate: - Invest in local REITs (Real Estate Investment Trusts) - Consider house hacking (buying a multi-unit property, living in one unit, and renting out the others)

3. Peer-to-peer lending: - Use platforms that focus on local borrowers

4. Community banks and credit unions: - Open accounts or CDs at local financial institutions

5. Local stock exchanges: - Some cities have their own stock exchanges for local businesses

6. Community Supported Agriculture (CSA): - Invest in local farms by purchasing CSA shares

7. Municipal bonds: - Invest in bonds issued by your local government for infrastructure projects

8. Local business incubators or accelerators: - Some offer opportunities for small investments in startups

9. Cooperatives: - Join or invest in local cooperative businesses

10. Microloans: - Participate in microlending programs focused on local entrepreneurs

Remember to diversify your investments and consider your risk tolerance. Would you like me to elaborate on any of these options?

Now I am asking Michael Shuman for his answer.

Michael Shuman’s Answer to how to invest locally

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