YieldstreetReviews of yieldstreet.com

This company has made a series of major missteps on due diligence, which have resulted in losses to investor principal for multiple offerings. Their marketing is shiny and sleek, but behind the curtains it's an operation that preys on and markets to unsophisticated investors who don't know better. They fooled me, through which I learned painful lessons having lost my hard earned money.

Great home for diversifying into alternative investments

Absolutely terrible. Scants returns on so-called flagship Prism, no returns on Alternative REIT despite investing in real estate where there’s monthly cash flow. Complete scam. If you’re okay with burning your money to make bbq steaks, you’d at least get a good meal which is more than I can say about Yieldstreet

Yieldstreet website and interface is very good. However, their due diligence process for lending is so poor or non existent. Borrower can totally disappear, Yieldstreet has absolutely no way to get your money back. I invested in their Supply Chain offering for 6 month term. It has been over 20 months and the borrower hasn't paid a single dollar principal back, forget the interest. The borrower filed for bankruptcy and Yieldstreet has no way to recover any money. Wonder what collateral and credit check YS did, Yieldstreet is not able to recover a single dollar. I would strongly recommend staying away from Yieldstreet. Do not invest in this platform.

I would also agree with what I have seen on here about Yieldstreet claiming that a fund is performing when it is not. In the prism fund, it will pay the dividends but then loses NAV. To the best of my ability to tell, I invested $20k and made $1.5k in 3 years factoring both NAV and dividends. Sometimes that happens and that’s okay but you can’t say that this fund is performing as expected, which is supposed to be 8% net annually. That’s not acceptable nor honest. Be honest and own your full results not what you select to report. Fortunately, in this past year, I have been able to get about 75% out but it is a slow process. I am not impressed with the performance, liquidity and transparency though and will eventually take my money elsewhere. Illiquid investments are okay to invest in but they should be higher performing than their liquid counterparts and have impeccable transparency, and this is not the case. It feels more like gambling than investing.

Bait and switch is the strategy. Current investor. I invested the money in the Growth and REIT fund in Aug (only 4 months ago). The management by its own acknowledgement knew about prevailing market macro-economic conditions and even then promoted the fund with target 11-12% and when it came to paying dividends - we are told there will no dividends due to these conditions. This is simply unacceptable. Another REIT fund where I invested in late 2021 also promised quarterly dividends as income and it's more than 2 years and not a dime of dividends have been paid. This is horrendous and simply unacceptable.

Absolute garbage management. I have no idea how my REIT investment is losing money here when literally everything else I have invested everywhere else is pulling in solid returns, especially real estate. Their staff could lose money running the proverbial cathouse. Edit June 2024: My multi-family housing investment is now almost certainly gone into thin air. I haven't been paid a dime in interest or dividends on any investment at any point, I'm completely unable to withdraw any money even at penalty, and I have lost about half of the significant principal I invested with them. This is literally a criminal enterprise, and I'll be happy when the SEC finally sends them to prison.

Opening account was easy to do. Everything is available online or via the app for opening an account and making an investment. Staff is knowledgeable and responsive. While I need not need to call, I received accurate and prompt feedback.