We are often asked whether we think Community Investing (meaning investing by non-wealthy, non-professional investors in their own geographical communities or interest-based communities) is a growing trend. It’s hard to find concrete data on this, but there are lots of signs that indicate growing interest in Community Investing.
1. Media coverage – we saw lots of media stories about Cutting Edge Capital and our clients in the last several months in publications like
and quite a few more!
2. Our Community Capital (CoCap) conference sold out even though it was held on Labor Day! Check out the videos from the event.
3. Increasing numbers of webinars are being devoted to the topic, like this one for example:
4. States are adopting crowdfunding exemptions to promote intrastate capital raising campaigns – Michigan and Wisconsin crowdfunding exemptions are the most recent to be signed into law
5. Self-directed IRAs growing
Custodians that manage self-directed IRAs for clients looking for an alternative to Wall Street have been growing fast.
For example, in 2005, Millennium Trust Co., handled about $733 million in self-directed IRA assets; today, it administers $6.1 billion and Pensco Trust’s self-directed IRA assets increased almost seven-fold in five years.
How you can help!
Contribute to this growing trend and check out community investing opportunities at CuttingEdgeX.com!