Fundrise vs DiversyFund: Which one should I choose?
I have about $1,000 that I want to invest into one of these websites. I am looking for appreciation rather than monthly/annual income, and I am not worried about liquidity.

Which of these platforms would be best for a new investor? I was leaning toward DiversyFund because of 0% fees, but not sure if it comes with a catch. Also, is it a good time to invest in these kinds of platforms given the current COVID-19 climate?
[{"id": "fv70n0a", "text": "Neither.  Yes, it does.  No, it's not.  \n\nWhy do you want to invest in these in particular instead of something publicly traded?", "replies": [{"id": "fv77etn", "text": "I bought FREL (Fidelity Real estate ETF), but it seems that its always under-performing the market. I want to invest in a fund that invests in properties, not REITs that fluctuate as much as the market does.", "replies": [], "depth": 2}], "depth": 1}, {"id": "fv80gw1", "text": "Take a look at the DiversyFund circular. It charges a  2% asset management fee per year.  They also charge transaction fees, development fees (even when they aren't handling the development), construction management fees (separate from the development fees), and financing fees.  On marketing and insurance contracts, they also keep the difference between the \"market rate\" and the rate they were able to negotiate because they are such stellar negotiators.  How do they determine the \"market rate\"?  They consult themselves and use their years of experience to decide.  If your investment does well enough to overcome the fees, they get a promote.  The promote is 35% of the return above a 7% and 50% above a 12%.", "replies": [{"id": "g5aq1t1", "text": "Agreed with u/sauve_n_debonair \\- stay away from these funds and if you must diversify (pun intended) - please take a look at publicly traded companies. Also they claim to be \"SEC Qualified\" - frankly that does mean shit! \n\n&gt;SEC Qualification  \n&gt;  \n&gt;Under Regulation A / Title IV / Tier 2 companies must go through a process at the SEC called qualification before they can sell their offering to the public.  \n&gt;  \n&gt;The SEC has set forth a minimum set of information that a filing company (like iConsumer Corp.) must submit as part of their offering.\u00a0 This includes, but is not limited to, things like audited financial statements, and information about key owners and employees.  \n&gt;  \n&gt;This process is less expensive and less difficult than the process companies go through when filing for a Traditional IPO.  \n&gt;  \n&gt;**After the SEC has determined that it is satisfied with the completeness of the materials submitted to it, it will issue a statement that the offering is \u201cQualified\u201d.**\u00a0 This is NOT an approval of the offering, or an assessment of the risks associated with the offering. **This simply means that the company filing for qualification has met all of the SEC\u2019s requirements with regards to publicly traded companies.**  \n&gt;  \n&gt;**The process is new**.\u00a0 For a typical offering, we expect the process from initial filing to qualification may take 60 \u2013 90 days.\u00a0 But the SEC makes no representations as to the exact length of time this may take.  \n&gt;  \n&gt;Follow on (secondary) offerings follow the same rules.\n\nBolds are mine. This is a NEW process. But the point to note is that SEC does NOT ENFORCE ANYTHING. It simply provides a qualification at the time of application. No further enforcement is made by SEC thereafter.\n\nThe company may go belly up one fine morning, and your SEC qualification will be worth less than your toilet paper.", "replies": [], "depth": 2}], "depth": 1}, {"id": "fwr9i7f", "text": "If you want appreciation don't invest now. Hit pause for a couple of months and when you come back look for 'opportunistic' investment offerings. There will be a window to invest in distressed assets once this downturn hits bottom.", "replies": [], "depth": 1}]