I invested into yet another alternative investment platform to experience it. In this case, I invested $1,000 into Yieldstreet on July 20th, 2021. Since then, I’ve made 4 withdrawals:
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 firstname.lastname@example.org for a referral link and I’ll give you half my referral bonus.