Old adage: God helps those who help themselves.
New adage: God helps those who enrich themselves by helping their city.
How to do just that: Neighbor.ly.
Neighbor.ly is a new way to invest in an old idea. I.e., municipal bonds.
The site curates 1-2 projects per day (out of about 50 municipal issuances), sortable by location and subject.
No fees. And you don’t need to be accredited. But you do need a minimum amount of scratch.
If you join, you’ll essentially be financing a series of loans issued by local governments for long-term civic projects.
The projects — affordable housing, schools, highways, hospitals, stadiums, etc. — offer tax-free returns in an estimated $400 billion “muni” market.
It’s not going to make you rich overnight. But you will be repaid at set-upon intervals, with interest. With almost zero risk.
The site also provides easy-to-read resources on bonds and interactive tools.
There’s a waitlist to join, but founder Jase Wilson promises it won’t be too long.
“Our list is a fraction of the size of Robinhood, that free stock-trading app.”
Worth the risk.
Or lack thereof.