Yieldstreet review: Pros, cons, and who should open an account - Business Insider

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Yieldstreet was previously open only to accredited investors. Now, through its Prism Fund, anyone can invest.

If you have a growing pile of cash that's burning a hole in your pocket, Yieldstreet is worth considering, especially if there's no chance you'll need your cash in the immediate future since it will be tied up in illiquid assets.Accredited investors can make direct investments in alternatives with their Yieldstreet account.

could be a better fit. This fund is newly open to any investor in the US . You don't have to be an accredited investor to buy into this fund.in many ways, there are some important differences. Your investment is not highly liquid. That means you can't just sell your shares if you need the cash for something else.

This is a closed-end fund that plans to shut down in March 2024. At that point, all assets will be sold and profits will be distributed to investors, who may also have an opportunity to roll their proceeds into a future Prism Fund offering.Yieldstreet Wallet is a savings account held at Evolve Bank & Trust. This is an FDIC-insured savings account, but as of this writing, the interest rate is very, very low.

 

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