If I am honest the only reason I know about Peregrine Capital is all down to the rugby players who invested in this hedge fund. This has been mentioned many times over the last few months and I decided to have a look into what is happening.
Peregrine Capital started in February 2000 and those that invested early did exceptionally well so much so that after 20 years and 10 months those that invested R1 million on day one would have seen their account grow by 100 x. That figure since 2020 has since doubled so R1 million invested 26 years ago is now worth more than R200 million. By any investment standards this is seriously a good return on investment.
The 24.2% being compounded is where the real value is being created and this is absolutely real. You would need 10 years to start seeing how powerful time is in relation to an investment.
When you work out the return this is rather insane and this is down to the growth plus the daily compounding which is only going to speed up the larger your investment becomes.
Since inception back in February 2020 the fund has grown by 20 809.20% which is roughly 8x per year and why I am having a meeting with an advisor later this month. Currently the best I can receive from any investment is 15% per annum which is still decent but nothing close to what Peregrine Capitol are offering.
The biggest fear has been depreciation of the local currency being the Rand, but if you can find something that outstrips that depreciation then you are ahead of the game. The good news is this is an international investment fund so the funds would be offshore anyway and could be retrieved outside the borders of South Africa. I would be foolish not to learn more and see what is being offered and hence why I need to have this meeting to see what can be done for myself and my family.
From what it sounds like the fund has not slowed down and sill continuing at the same growth rate so the sooner one is invested the sooner the growth returns happen. The average growth currently is 24% per annum, but once the compounding takes effect which needs a good 5 years then things do start to change rather quickly.
Being involved with crypto staking projects we all are aware of how powerful compounding is and the growth with a solid starting point is instant. These days I am more aware of what is happening and it definitely pays to be informed. The sad part is I had heard about how well this fund was performing and had not really paid attention before now.
My head for the last 5 years has all been about staying in crypto yet that has not ended well thus far and have been looking to diversify not having all my eggs in one basket. I do have other investment interests outside of crypto, but definitely not enough that I feel financially comfortable.
This High Growth Fund does have or did have a minimum investment of R1 million which is $60K and will find out soon enough how this all works. With the sale of the Durban house coming through in January I may as well stick the money somewhere for the time being and see how this all grows.