> Klish told CNBC. “I lost $400,000 in Yieldstreet. I consider myself moderately financially savvy, and I got duped by this company
> To do so, it gathers funds from thousands of investors such as Klish, who typically put in at least $10,000 each for projects vetted by Yieldstreet managers.
I'm not sure you were duped necessarily. The 1% don't put all their money into 2 buckets. It's split amongst a bunch of different things so that ideally some of them do very well and cover the losses from the ones that did poorly.
That said, I suspect he actually has several million in not real estate so he is investing like the 1% but he just can't stomach any losses in his portfolio.
lesuorac•4d ago
> Klish told CNBC. “I lost $400,000 in Yieldstreet. I consider myself moderately financially savvy, and I got duped by this company
> To do so, it gathers funds from thousands of investors such as Klish, who typically put in at least $10,000 each for projects vetted by Yieldstreet managers.
I'm not sure you were duped necessarily. The 1% don't put all their money into 2 buckets. It's split amongst a bunch of different things so that ideally some of them do very well and cover the losses from the ones that did poorly.
That said, I suspect he actually has several million in not real estate so he is investing like the 1% but he just can't stomach any losses in his portfolio.