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As people become more financially savvy and interested in diversifying their investment portfolios, online real estate platforms like Fundrise have gained popularity. These platforms offer individuals the opportunity to invest in real estate without the hassle of traditional methods, such as managing properties or large amounts of capital.

However, as with any investment, there may come a time when an investor may need to close their Fundrise account. This could be due to various reasons, such as reaching a financial goal, reassessing investment strategies, or unexpected life changes. Whatever the reason may be, knowing how to properly close your Fundrise account can have several positive benefits.

1. Protection Against Reckless Decisions

One of the biggest benefits of closing your Fundrise account is the protection it offers against impulsive and reckless decisions. With the ease of online investing, it can be tempting to constantly monitor and make changes to your investment portfolio, sometimes without much thought or research. This can ultimately lead to poor investment choices that could negatively impact your financial goals.

By closing your Fundrise account, you eliminate the temptation to constantly make changes and rely on short-term gains. This allows you to take a step back, reassess your financial goals, and make sound investment decisions for the long-term.

2. Avoiding Emotional Distress

Investing in real estate through online platforms like Fundrise can be emotionally charged, especially when there is a significant amount of money involved. The constant fluctuation of the real estate market can be stressful and lead to anxiety when it comes to your investments.

Closing your Fundrise account can provide a sense of relief from emotional distress. It allows you to take a break from constantly monitoring your investments and worrying about market changes. This can have a positive impact on your mental well-being and overall financial health.

3. Better Control Over Investment Strategies

Closing your Fundrise account can also give you better control over your investment strategies. Many investors use multiple online platforms to diversify their portfolios and spread their risk. When you close your Fundrise account, it gives you the opportunity to reassess your investment strategy and potentially move your funds to other platforms that align better with your overall financial goals.

This level of control over your investments can help you create a more balanced and diversified portfolio, reducing the risk of potential losses in the long run.

4. Access to Funds for Other Opportunities

Closing your Fundrise account can also provide you with access to funds for other investment opportunities. Instead of having your money tied up in one platform, closing your account allows you to reconsider other investment options that may provide better returns or align better with your goals.

This could be beneficial if you come across a new opportunity that you believe is a better fit for your financial goals. Having the funds readily available can give you the flexibility to jump on new opportunities as they arise.

5. Eliminating Ongoing Fees

By closing your Fundrise account, you also eliminate ongoing fees associated with the platform. While these fees may be minimal, over time they can add up and eat into your investment returns. Closing the account eliminates the need to continuously pay these fees, allowing you to keep more of your returns.

In conclusion, closing your Fundrise account can have several positive benefits, from protecting you against reckless decisions to providing access to funds for other opportunities. It also gives you better control over your investment strategies and can provide a sense of relief from emotional distress. However, before making the decision to close your account, it is important to fully understand the potential consequences and consult with a financial advisor if necessary.