I don’t usually recommend individual passive income investments here on dinksfinance, but there is one I wanted to share with dinks readers.
Here is some context: I’ve been investing in small business bonds through a marketplace called SMBX (SMall Business eXchange), which screens small businesses and helps them issue bonds. We’ve covered them pretty extensively here, and here.
Away Days Brewing
Well, last week I was reviewing the site and I saw a small business here in Portland, Oregon, that I thought looked promising. Its a brewery called Away Days Brewing. So, I saw the place was local. Then I called a friend and went to visit. I was pretty impressed. The brewery was clean, full of customers, the beer tasted good, and the staff seemed happy. I chatted with the bartender who basically corroborated the information that was in Away Days bond prospectus.
In any case, they are issuing about $350,000 worth of bonds, at 10.5%. Here is the image from their bond offering on SMBX.
What’s Great About This?
One thing I like about SMBX is that it makes investing more concrete. Most of the time when I invest in stocks, the returns are basically numbers on digital screen. With an investment like Away Days Brewing, its nice to see the business actually working – that is watching the beer get poured and people paying the brewery. So, I can see their financial activity is actually backed up by real economic activity. This is something that has been missing from the stock and crypto markets.
If you get a chance, you should have a look at Away Days Brewing’s offering. You can find it on SMBX here.
SMBX and Communities
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By: James Hendrickson
Title: Away Days Brewing: Beer, Bonds and Community Investing For The Win
Sourced From: www.dinksfinance.com/2023/10/away-days-brewing/
Published Date: Sat, 28 Oct 2023 05:12:00 +0000