I invested into yet another alternative investment platform to experience it. In this case, I invested $1,000 into Yieldstreet on July 20th, 2021.
| Date | Type | Amount | Notes |
|---|---|---|---|
| 2021/07/20 | Deposit | $1,000 | |
| 2022/07/21 | Withdrawal | $21.58 | |
| 2022/11/22 | Withdrawal | $21.63 | |
| 2023/04/12 | Withdrawal | $22.14 | |
| 2023/08/01 | Withdrawal | $437.97 | Tender Offer |
| 2023/10/16 | Withdrawal | $621.51 | Tender Offer |
In June 2023, Yieldstreet announced a tender offer, buying back shares from their investors, which I partook in. They only bought back $437.97 of my about $1,100 balance, which is not that great of a return over two years, but it’s nice to know that it has some liquidity. As of August 19, 2023, my account has a balance of $621.27, which means it has gained about $124.59 over the past 2 years, which is about a rate of return of 6% per year. This isn’t great, but isn’t terrible; I’d much rather have my money in liquid stocks.
I’d rate Yieldstreet higher than Diversyfund, but I still like Fundrise the best. I am going to liquidate all my positions in alternative investments except for probably Fundrise (will explain in a following blog post).
Email me at me@jongleberry.com for a referral link and I’ll give you half my referral bonus.
December 29, 2023 Update
On October, Yieldstreet did another tender offer. Over all, I got a ~12.5% return over 2.5 years, which averages out to 4.8% annual returns. Not very good.