Author Topic: Alternative Investing Platforms (YieldStreet, Cadre, AngelList, etc)  (Read 1200 times)

marcusqueen2011

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does anyone here invest on any of these alternative platforms? Seems like a lot of buzz around them - not sure how real they are. Would love some real feedback.

brellis1vt

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Re: Alternative Investing Platforms (YieldStreet, Cadre, AngelList, etc)
« Reply #1 on: August 14, 2019, 07:14:41 PM »
I'm currently trying yieldstreet and peerstreet.  So far so good with yieldstreet but I haven't invested with them long enough to recommend it.  Plus they only have limited opportunities and I am looking for things that are recession resistant.  I would not recommend peerstreet.  At first it was good because you could setup automatic investments for high yield loans.  Now the system won't let you do that and they rarely have returns higher than 8% (used to get 10-12%). I also have had a loan default and they haven't communicated the plan well.  I am pulling all my money out of it as soon as possible.

agoraphone

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Re: Alternative Investing Platforms (YieldStreet, Cadre, AngelList, etc)
« Reply #2 on: October 03, 2019, 06:51:33 AM »
MRMM has a post on Peer Street: http://www.mrmoneymustache.com/2016/05/02/peerstreet/

I've been using it for a couple months now - so far so good. $1,000 minimum and auto investing makes diversification easy and lowers your risk. I'm earning around 8%, which is not as good as it was when the platform first launched, but still better than many other asset classes.

I'd love to hear some folks' impressions of YieldStreet.

HeadedWest2029

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Re: Alternative Investing Platforms (YieldStreet, Cadre, AngelList, etc)
« Reply #3 on: October 03, 2019, 07:34:37 AM »
I've been interested off and on with these investment vehicles.  At least with something like Peerstreet you have a first lien position when things go south.  Not sure on YieldStreet.  For peer-to-peer lending like Lending Club, Prosper, forget about it.  In general I feel like the glory days (if there were glory days) are over.  Across the board it seems like returns have drifted lower, institutional money started getting involved.  Taxes are more complicated and less tax efficient.  Oh, and the hidden cost of cash drag.  There's often a delay between getting cash returned and reinvested.  I read something the other day that despite private equity getting superior returns to public markets, when you factor in cash drag (the time between raising capital and deploying the money) the returns a pretty pedestrian (like ~6%).  I've experienced similar drag in these types of investments.  TLDR - I'm not sure the juice is worth the squeeze

HeadedWest2029

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Re: Alternative Investing Platforms (YieldStreet, Cadre, AngelList, etc)
« Reply #4 on: July 13, 2021, 08:22:08 AM »
Any update from the folks using YieldStreet?  I noticed you can earn a $500 bonus when depositing $10k.  I remember people on other threads saying it wasn't a great experience though.

ken.smith06541

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Re: Alternative Investing Platforms (YieldStreet, Cadre, AngelList, etc)
« Reply #5 on: July 13, 2021, 11:28:58 AM »
Fundrise -  Long term Fundrise investor since 2016. Total annual average return over 5 years is 9.1%.  This year looks like going to surpass that as already at 6.3%.   Started slow to check them out but as I got to know them better and saw the returns I have added more - over 6 figures now in.  They are really transparent about everything and make it pretty easy to manage.  Here is my link if you want, I think you fees waivered (which are small for 6 months or something) - fundrise.com/r/1n095

Peerstreet - Been investing in them for 3-4 years. Had up to 60k at one point but now under 30k.  Decent returns 7.4%.  But the last 2 years been much harder to get deals, a good amount in default right now since COVID.  They seem to usually get the money back and some interest on most defaults (just takes 1-2 years sometimes).  I have been pulling my money out and don't invest anymore because of the difficulty to get into deals, defaults and just not as profitable and transparent as other platforms.

Yieldstreet - have 1 investment right now that is only a few months old (been getting interest already) and seems to be going well.  Trying out for now, if continues may invest more.

Crowdstreet - interested in and may invest some at some point.  They seem to be solid player. 

Kickfurther - Had a decent amount in this at one point but a couple of projects went bad.  The team running it is terrible, lacks transparency, doesn't really go after companies that don't pay (they get their cut up front), doesn't seem to do the right due diligence.  Been pulling out and most likely will break even or come out a little on top when done.  Stay away from.
« Last Edit: July 13, 2021, 11:30:36 AM by ken.smith06541 »

brellis1vt

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Re: Alternative Investing Platforms (YieldStreet, Cadre, AngelList, etc)
« Reply #6 on: July 13, 2021, 09:06:22 PM »
I have personally used YieldStreet and PeerStreet for a few years now.
YieldStreet has been good so far.  I had one loan that went into default and was really concerned I wouldn't get my money back (during COVID). But I got all my money with the proper interest.
I have been highly disappointed in PeerStreet and would not recommend it.  The returns are not great these days (6-8%) and it isn't enough to deal with the illiquidity of their product.  Also, I personally feel they do a very poor job of dealing with loans that go bad.  On one property they started the foreclosure process in October of 2018 and I still haven't seen a dime.
Another one I tried to use is ArborCrowd but they haven't had any deals for a long time.