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Betterment.com Review

Posted on 11/29/12 at 3:22 pm
Posted by bryso
Member since Dec 2006
27130 posts
Posted on 11/29/12 at 3:22 pm
Has anyone used this?

LINK


I saw an ad for it on my mint account... thinking about giving it a god... Seems like a poor mans hedge fund.
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 11/29/12 at 6:18 pm to
It actually looks like they just take your money and invest in a couple of index funds. You can do this for free yourself, it isn't complicated at all.

There's nothing wrong with what they are doing, it's just that it isn't worth even a low fee.
Posted by bryso
Member since Dec 2006
27130 posts
Posted on 11/29/12 at 7:13 pm to
quote:

There's nothing wrong with what they are doing, it's just that it isn't worth even a low fee.


don't most brokerage houses charge fees for trades?
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 11/29/12 at 8:34 pm to
quote:

don't most brokerage houses charge fees for trades?


I buy index funds through Schwab and have yet to pay a fee for a trade. Not all the funds they offer qualify for no-fee trading but plenty do, more than enough to do an index portfolio.
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