Beer, Bonds and Local Investing For The Win

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 extensive here, here.

Well, last week 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 place 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 their 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.

You can find the actual bond paperwork on SMBX’s website, here.

I put something like $560 dollars into the offering.  This should give something like $12 in terms of monthly principle and interest payments, so its a nice little addition to my passive income streams.

Check it out and sign up if you get a chance:

https://www.thesmbx.com/app/auction/Away-Days-Brewing-Co.