Investing in Yieldstreet

[lawman]

Looks very tempting..Comments??

 

[MichaelB]

Perhaps a bit more info would help.

 

[lawman]

Perhaps a bit more info would help.

Multitude of investment options.

https://www.yieldstreet.com/

 

[OldShooter]

Looks very tempting..Comments??

Leverage, commodities, illiquid assets where they tell you what the asset's value is, multiple funds with potentially conflicting interests, ... What could go wrong?

I tell the students in my Adult-Ed investment class this:

Rule of Thumb: The more complicated an investment product is, the more likely it is that it was designed to make money for the seller, not to make money for you.

​

I also tell them: If you don't understand an investment, don't buy it! The "Prism Fund" prospectus is 216 pages.

These rules may mean that you'll miss a prince once in a while but they will keep you from kissing a lot of expensive frogs.

Just MHO from almost 50 years of investing.

 

[lawman]

Leverage, commodities, illiquid assets where they tell you what the asset's value is, multiple funds with potentially conflicting interests, ... What could go wrong?

I tell the students in my Adult-Ed investment class this:

Rule of Thumb: The more complicated an investment product is, the more likely it is that it was designed to make money for the seller, not to make money for you.

​

I also tell them: If you don't understand an investment, don't buy it! The "Prism Fund" prospectus is 216 pages.

These rules may mean that you'll miss a prince once in a while but they will keep you from kissing a lot of expensive frogs.

Just MHO from almost 50 years of investing.

Sounds like sound advice...Thanks

 

[Aerides]

Looks very tempting..Comments??

Perhaps a bit more info would help.

Multitude of investment options.

https://www.yieldstreet.com/

Well I mean that could explain almost anything. Still, what is that? What are you tempted by? Personally I find it most helpful when a member explains what's behind the link, so I can perhaps participate in the thread without combing through some third party marketing site to figure it out.

 

[njhowie]

Yieldstreet comes up about once a year as a topic. Folks always looking for more.

Simply put, stay away. Google Yieldstreet and add the words "fraud", "scam", "lawsuit"

https://brokerwatch.com/yieldstreet-lawsuit/

The end result is that, claims of no principal loss, in-depth ‘diligence,’ and reliance on ‘asset class experts’ notwithstanding, YieldStreet’s products are poorly sourced and structured, with a default rate five times higher than even that of so-called ‘junk bonds.’ YieldStreet’s junk bonds, however, are mass-marketed to the general public and may be purchased within a matter of minutes by anyone with access to a computer who self-certifies that they earn over $200,000 a year.

 

[lawman]

Yieldstreet comes up about once a year as a topic. Folks always looking for more.

Simply put, stay away. Google Yieldstreet and add the words "fraud", "scam", "lawsuit"

https://brokerwatch.com/yieldstreet-lawsuit/

Believe I'll just move along....Thanks