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Automated Financial Advisors
Posted on 11/11/14 at 6:27 pm
Posted on 11/11/14 at 6:27 pm
Does anyone use one? If so, what has been your experience?
Examples include Personal Capital, Betterment, Future Advisor, Sig Fig Wealth Management, Mortif Investing, Wealthfront, etc.
Examples include Personal Capital, Betterment, Future Advisor, Sig Fig Wealth Management, Mortif Investing, Wealthfront, etc.
2
Posted on 11/12/14 at 7:05 am to Soft_Parade
Not familiar.
What is it?
What is it?
Posted on 11/12/14 at 7:18 am to Soft_Parade
I have used Betterment since March 2014. It is not an advisor in the traditional sense but more of a robo investor. Betterment offers a set universe of various stock and bond ETFs. You (the investor) choose your allocation between stocks and bonds and Betterment does the rest. It's for the individual that wants to automate their investing and forget it. I have no complaints thus far and it fits my needs. Hope that helps.
Posted on 11/12/14 at 10:34 am to jclem11
I read about these yesterday. They charge a fee between average index and ETF fees(they charge around .25%). You set your risk tolerance and they adjust your portfolio balance between a limited set of funds. Mostly very broadly diversified indexes and bonds. They handle rebalancing and tax harvesting.
They seem to be trying to strike a middle ground between an individual buying broad index and etfs with super low fees, but still requiring work on the part of the individual and buying a fully human managed fund charging much higher fees.
They seem to be trying to strike a middle ground between an individual buying broad index and etfs with super low fees, but still requiring work on the part of the individual and buying a fully human managed fund charging much higher fees.
Posted on 11/14/14 at 8:25 pm to jclem11
That helped.
Has your rate of return surpassed the dow?
Has your rate of return surpassed the dow?
Posted on 11/16/14 at 2:52 am to Soft_Parade
I just checked and I'm at 4.4% ytd. Looks like the dow is up 6.38% ytd.
I'm a young guy only a couple years into my career. For me, I'm more focused on saving and investing as much as possible and not getting hung up on returns.
I'm a young guy only a couple years into my career. For me, I'm more focused on saving and investing as much as possible and not getting hung up on returns.
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