What is Yieldstreet?
Yieldstreet is an online investment platform designed to provide access to a diverse range of alternative investment products, traditionally reserved for institutional investors and the ultra-wealthy. Founded in 2015, Yieldstreet aims to make financial products more inclusive and to help investors generate income outside of traditional public markets.
Key Features and Functionality
Alternative Investment Options
Yieldstreet offers a wide array of alternative investments, including real estate, private equity, venture capital, fine art, transportation, structured notes, legal finance, and cryptocurrencies. This diverse portfolio allows investors to diversify their investments across multiple asset classes.
Investment Access for Accredited and Non-Accredited Investors
While most of Yieldstreet’s investment products are available only to accredited investors, the platform also offers the Yieldstreet Alternative Income Fund (formerly known as the Yieldstreet Prism Fund) to non-accredited investors. This fund invests in all of Yieldstreet’s asset categories and requires a minimum investment of $10,000.
User-Friendly Platform and Mobile App
Yieldstreet features a user-friendly platform and mobile apps for Android and Apple devices, making it easy for investors to identify, monitor, and manage their investments. The platform provides transparent information about each investment opportunity, including the underlying strategy, total offering size, risks, and expected returns.
Strong Historical Returns
Yieldstreet has a strong track record of historical returns, with a net annualized return of 9.7% since 2015, outperforming traditional portfolios of stocks and bonds.
Multiple Account Types and IRA Eligibility
Investors can open various account types, including individual accounts and retirement savings accounts such as IRAs. This flexibility allows for integrated wealth management and retirement planning.
Regular Income Distributions
Investments on Yieldstreet are designed to generate passive income streams. Investors receive regular interest payouts or distributions over the life of the investment, with the Alternative Income Fund offering quarterly distributions and a dividend reinvestment program (DRIP).
Rigorous Due Diligence
Yieldstreet’s professionals apply stringent due-diligence standards to select investment opportunities, approving only about 9% of the deals reviewed. This ensures that investors have access to vetted and high-quality investment options.
Educational Resources and Customer Support
The platform provides educational resources to help investors make informed decisions. Additionally, Yieldstreet offers customer support via phone, ensuring that investors have assistance when needed.
Auto Invest and Diversification Tools
Yieldstreet allows investors to use auto-invest features and diversification tools to spread their investments across various asset classes, helping to manage risk and optimize returns.
Conclusion
In summary, Yieldstreet is a comprehensive platform that empowers both accredited and non-accredited investors to diversify their portfolios with alternative assets, offering strong historical returns, transparent fees, and a user-friendly interface.