stats
Lieutenant
Posts: 53
|
Post by stats on Jan 26, 2021 1:12:03 GMT
I have been seeing advertisements for YieldStreet www.yieldstreet.comthey make alternative investing easy. You can invest in a portfolio of art, real estate, marine, etc. I was noticing the 4% notes has anyone invested with them or know anything about them? stats
|
|
|
Post by Chahta on Jan 28, 2021 13:17:30 GMT
I was interested in what they were last year. That was due to attending an "investing seminar" that talked about "alternative investments". I signed up to get emails and they will hound you. My junk email is full of their stuff. Another one is Zacks Investments. Give neither your email!
|
|
|
Post by steadyeddy on Feb 11, 2021 3:21:26 GMT
I looked at yieldstreet.com and decided to stay away.. from the esoteric stuff that I do not quite understand.
|
|
|
Post by FD1000 on Feb 11, 2021 17:19:09 GMT
After 10 minutes of reading I can't find a ticker symbol for the YieldStreet fund, and how can you trade it?
|
|
stats
Lieutenant
Posts: 53
|
Post by stats on Feb 11, 2021 23:28:01 GMT
Agree, after looking around the web site I could not find any ticker symbols or comparisons to other investments. Yeah, it looks like something to stay away from
Stats
|
|
|
Post by Capital on Feb 11, 2021 23:31:50 GMT
After 10 minutes of reading I can't find a ticker symbol for the YieldStreet fund, and how can you trade it? I dug into this a wee bit. In order to invest you must be an accredited investor, at least that is my take. Apparently these are proprietary investments and may not be very liquid - JMHO. There are so many places to invest that I usually run at a rapid clip the other way. No reasom to complicate investing any mor that necessary.
|
|
|
Post by FD1000 on Feb 12, 2021 3:48:30 GMT
After 10 minutes of reading I can't find a ticker symbol for the YieldStreet fund, and how can you trade it? I dug into this a wee bit. In order to invest you must be an accredited investor, at least that is my take. Apparently these are proprietary investments and may not be very liquid - JMHO. There are so many places to invest that I usually run at a rapid clip the other way. No reasom to complicate investing any mor that necessary. Currently open to all investors Attachments:
|
|
|
Post by yogibearbull on Feb 12, 2021 4:16:54 GMT
But just because it is a fund doesn't mean it is a listed mutual fund.
CITs, separates accounts, and other proprietary funds don't trade on exchanges and don't have tickers. Some of these unlisted funds may have poor liquidity and you may be able to sell only to another holder [if you can find them and the sponsor permits exchange], or to sponsor, at large haircut.
|
|
|
Post by FD1000 on Feb 12, 2021 5:19:38 GMT
And why I never invested in such a fund.
|
|
|
Post by Capital on Feb 13, 2021 12:54:17 GMT
I dug into this a wee bit. In order to invest you must be an accredited investor, at least that is my take. Apparently these are proprietary investments and may not be very liquid - JMHO. There are so many places to invest that I usually run at a rapid clip the other way. No reasom to complicate investing any mor that necessary. Currently open to all investors FD1000 thanks for the information; however, it still does not change my mind.
|
|
|
Post by FD1000 on Feb 13, 2021 14:40:29 GMT
Currently open to all investors FD1000 thanks for the information; however, it still does not change my mind. and why I already said "And why I never invested in such a fund."
|
|
stats
Lieutenant
Posts: 53
|
Post by stats on Feb 15, 2021 20:47:15 GMT
I finally had the time to figure out YieldStreet.
First,, you need to be an accredited investor. That typically means you have an income of $200k ($300k joint filing) or a million dollar portfolio, There are several other ways, such as, are currently holding a Series 7, Series 65, or Series 82 license. In fact, some of the newer funds have no requirements.
Yieldstreet allows investors has alternative investments, including real estate, commercial, legal and art. I was interested in their art and real estate investments. Basically they run portfolios invested in, say art, and you get a monthly income from the portfolio. There is no guarantee you will get income, but assuming they have done their due diligence there should be income.
They charge 1% - 2.5% for their part. If you invest in Yieldstreet using an IRA, there is a yearly maintenance fee of $399. I find this quite high for real estate but maybe not too high for art. They are too expensive for my taste.
The advantage is Yieldstreet gives you access to some alternative investments and provide a monthly income and the disadvantage is that YieldStreet’s fees are fairly costly and their investments are illiquid. Also, investments are not insured.
FundRise is similar to YieldStreet with some what smaller fees. Still not interested.
Stats
|
|