![\"Masterworks](\"https://jongleberry.com/blog-images/masterworks-2022-portfolio.png\")
I invested into yet another alternative investment platform to experience it.\nIn this case, I invested $1,000 into Yieldstreet on July 20th, 2021.
\n| Date | \nType | \nAmount | \nNotes | \n
|---|---|---|---|
| 2021/07/20 | \nDeposit | \n$1,000 | \n\n |
| 2022/07/21 | \nWithdrawal | \n$21.58 | \n\n |
| 2022/11/22 | \nWithdrawal | \n$21.63 | \n\n |
| 2023/04/12 | \nWithdrawal | \n$22.14 | \n\n |
| 2023/08/01 | \nWithdrawal | \n$437.97 | \nTender Offer | \n
| 2023/10/16 | \nWithdrawal | \n$621.51 | \nTender Offer | \n
In June 2023, Yieldstreet announced a tender offer, buying back shares from their investors, which I partook in.\nThey only bought back $437.97 of my about $1,100 balance, which is not that great of a return over two years,\nbut it’s nice to know that it has some liquidity.\nAs 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,\nwhich is about a rate of return of 6% per year.\nThis isn’t great, but isn’t terrible; I’d much rather have my money in liquid stocks.
\nI’d rate Yieldstreet higher than Diversyfund, but I still like Fundrise the best.\nI am going to liquidate all my positions in alternative investments except for probably Fundrise (will explain in a following blog post).
\n\n\nEmail me at me@jongleberry.com for a referral link and I’ll give you half my referral bonus.
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On October, Yieldstreet did another tender offer.\nOver all, I got a ~12.5% return over 2.5 years, which averages out to 4.8% annual returns.\nNot very good.
\n", "url": "https://jongleberry.com/posts/two-years-with-yieldstreet", "title": "Two Years With Yieldstreet: a Review", "summary": "My experience investing with Yieldstreet for one year", "date_modified": "2023-08-19T00:00:00.000Z", "date_published": "2023-08-19T00:00:00.000Z", "author": { "name": "Jonathan Ong", "url": "https://jongleberry.com" }, "tags": [ "alternative-investments" ] }, { "id": "https://jongleberry.com/posts/one-year-with-masterworks", "content_html": "I decided to take a stab with Masterworks over a year ago. Back then, they mentioned a minimum investment per artwork of $5,000, but after talking to their sales representative, they lowered it to $500 per artwork. I feel like I could’ve lowered it further, but $500 was good enough for me.
\nMy investments in Masterworks was primarily due to the ability to invest with a debit card on their platform.\nI invested using the now-defunct PayPal Key, which masks credit cards as debit cards, and hit my credit card’s sign up bonuses.
\n
In late 2020, I invested a total of $6,000 this way, spreading $500 across 12 investments.\nSince then, one of them got acquired, selling my original $500 investment for $663.\nI simply rolled this into another artwork instead of cashing it out.
\n![\"Masterworks](\"https://jongleberry.com/blog-images/masterworks-2022-sale-email.png\")
![\"Masterworks](\"https://jongleberry.com/blog-images/masterworks-2022-sale-proceeds.png\")
With a total portfolio value of $6,986.75 from a cost basis of $6,000, I’d estimate the annualized rate of return to be about 10-11%, which isn’t much, especially compared to Fundrise, which I would argue does more for society as well.
\nAm I going to invest anymore money? Nope, not unless the rate of returns increases.
\n\n\n", "url": "https://jongleberry.com/posts/one-year-with-masterworks", "title": "One Year with Masterworks", "summary": "My experience investing with Masterworks over the past year or so", "date_modified": "2022-05-03T00:00:00.000Z", "date_published": "2022-05-03T00:00:00.000Z", "author": { "name": "Jonathan Ong", "url": "https://jongleberry.com" }, "tags": [ "alternative-investments" ] }, { "id": "https://jongleberry.com/posts/two-years-with-diversy-fund", "content_html": "If you are in fact interested in trying Masterworks, please use my referral link for a $200 voucher.
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I invested $500 in Diversy Fund in 2019 along with my other alternative investments.\nThis one was probably my least favorite.
\n![\"Diversy](\"https://jongleberry.com/blog-images/diversy-fund-2022-investments.png\")
Over 2 years, they distributed dividends that were automatically reinvested, accumulating to a total of $555.22 in investments.\nAfter October 2021, they stopped providing dividends and I don’t care enough to know why (they did send an email).
\nThe problem with the dashboard is that they don’t provide information on the NAV of my investment unlike other alternative platforms like Fundrise and Masterworks. Since dividends have stopped, the fund must be focusing on appreciation, but it is not reflected on my dashboard. I have no insight into how my money is doing.
\nThese funds are time-limited to about 5 years, so my investment should be liquidated soon at least.\nI am going to cash out my investment unless I receive amazing returns, which I doubt.
\n\n\nI don’t really recommend signing up for Diversy Fund but if you do, use my referral code.
\n
![\"Diversy](\"https://jongleberry.com/blog-images/diversy-fund-2023-transaction.png\")
In January, 2023, I got a withdrawal from Diversyfund, but I don’t know where it went - notice that “Credited to” is empty.\nI contacted Diversyfund support to know where it went, but they didn’t respond.\nAnother reason to not use them!
\n", "url": "https://jongleberry.com/posts/two-years-with-diversy-fund", "title": "Three Years with Diversy Fund: A Review", "summary": "My experience investing with Diversy Fund the past three years", "date_modified": "2022-05-03T00:00:00.000Z", "date_published": "2022-05-03T00:00:00.000Z", "author": { "name": "Jonathan Ong", "url": "https://jongleberry.com" }, "tags": [ "alternative-investments" ] }, { "id": "https://jongleberry.com/posts/three-years-with-fundrise", "content_html": "One of my and my family’s dream was to start a family REIT with all our families’ properties.\nThe problem of course was that no one was an expert at real estate investment or property management and no one wanted to learn.\nInstead of a family REIT, I invested in Fundrise, a real estate crowdfunding platform that hires experts to invest in real estate for you.
\nI first invested in 2019 with some cash, but quickly added more as I wanted to attain perks at the $10k account value threshold (specifically, access to eFunds for a K-1 tax form). Unfortunately, the perks did not kick in with automatic investments; I would have to invest directly, which I am too lazy to do. Additionally, these eFunds aren’t being marketed as much as their other funds, so I never bothered investing in them.
\n![\"Fundrise](\"https://jongleberry.com/blog-images/fundrise-2022-account-value.png\")
I cash out all dividends since redeeming shares takes time - shares aren’t liquid like the stock market. I currently invest $100/month ($50 bi-monthly).
\n![\"Fundrise](\"https://jongleberry.com/blog-images/fundrise-2022-account-returns.png\")
I’ve been happy with the returns the last few years, each time beating inflation.\nAs an alternative investment, these returns are meant to be uncorrelated with the stock market.
\nI did invest in some Fundrise iPO (crowdfunded) shares in August, 2019. According to them, these shares are now worth $1,875 (versus my cost basis of $1,006.25). I have no idea how I would ever redeem them.
\n![\"Fundrise](\"https://jongleberry.com/blog-images/fundrise-2022-account-positions.png\")
I verified my accreditation with Fundrise and, so far, there are no benefits. Not sure what the point is.
\nFundrise is my favorite alternative investment platform so far. Check it out!
\n\n\n", "url": "https://jongleberry.com/posts/three-years-with-fundrise", "title": "Three Years with Fundrise", "summary": "My experience investing with Fundrise the past three years", "date_modified": "2022-05-01T00:00:00.000Z", "date_published": "2022-05-01T00:00:00.000Z", "author": { "name": "Jonathan Ong", "url": "https://jongleberry.com" }, "tags": [ "alternative-investments" ] } ] }Sign up to Fundrise with my referral link and we’ll both get $50!
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