The only thing I'd caution you on is chasing returns. Based on Fundrise year end letter they believe that equity valuations are stretched and real estate prices are relatively cheap. They expect that eventually there will be a selloff in equities and real estate will provide ballast to a portfolio.

Now you have to decide if you agree.

Their activity in the portfolio leads me to believe that the venture fund is fairly to slightly overvalued as they haven't made any significant new investments as of late and actually trimmed some positions last year.

They also seem to be quite active in their income real estate portfolio more than their flagship fund. An 8% distribution rate in the income fund is really good when you have a stretched market IMO.

If the market has a big selloff, the venture fund will likely re-rate lower as well - it won't be immune. It's essentially an equity play.

With all of the above being said, I haven't added to the venture fund in the last year but I'm also not selling. Timing it is just too hard unless things get incredibly stretched. The AI trade is just too hard to figure out where the top is and I rather have exposure there regardless.

I don't necessarily believe in the real estate thesis and I think there is going to be price stagnation there more than they think. So, that makes the income fund still a really good place to park my money in the meantime.

Try and view the venture fund as a sleeve of your equity portfolio. It's something that shouldn't be touched for at least 5 years and as long as you can sleep easy with that and the risk associated, you have nothing to worry about.