I've been using Betterment for the last few years but was tempted by the 0% fees of Charles Schwab but now think I made the right choice the first time.
I have been contemplating about opening up a Betterment account. Thanks for this video man..I'm sure there was a lot of work put in to this. Take care and happy investing!
@@WallersWallet what made you choose Wealthfront over Betterment? Maybe it was best for your situation but judging by the points you made about all 4, Betterment seemed or seems like the right choice for new investors. I currently have Fidelity through my work but I am strongly considering Betterment. I need to do more stare & compare research on both of these products. Great video btw. Keep up the great work!
Smaller, speculative stocks have endured a historically weak stretch. Investors are betting that a turnaround is finally in the works. I’ve lost about $320k within a few months, how do i take advantage of the market turnaround?
There are many interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell stocks.
@@MarcusFred-wn3iv Having an investment adviser is the best way to go about the stock market right now, especially for near-retirees, I've been in touch with a coach for a while now mostly and I made over $800K within a short time
@@MarcusFred-wn3iv renowned for her proficiency and expertise in the financial market, *KRISTIN GAIL CUNNINGHAM* my financial advisor, holds a broad understanding of portfolio diversification and is recognized as an authority in this domain.
This was so helpful! I heard some misleading information about the robo advisor I chose and it was really concerning me because I'm still new to this, but after watching this I'm feeling better about my choice again.
I own six different Vanguard ETFs and they have a lot more. I don’t understand why the robo advisor only uses four. That’s just weird because they have so many options they could be using. VOO for example. Probably their best ETF and it wasn’t one of the four. Just weird.
Very helpful. I've been trying out the Ally robo advisor since it advertised no fees, but they hold 30% cash. I think betterment or wealthfront will be better options to try.
That's the cash-enhanced option. They also have a market-focused option that holds only 2% in cash, but its fee is 0.3%, which is higher than Betterment or Wealthfront.
I'm not a fan of any of these Robo advisors. None outperform a Bogle head 3-fund portfolio. With that said, Wealthfront is the best in terms of growth. Betterment adds advisors for non-stock financial advisory services.
I tried out the Vanguard advisor by enrolling my account with VTSAX (S&P 500) in it. I'm not sure what it would do over a longer period of time as any selling of that MF would be short term gains right now, but it did purchase other ETFs outside of those 4 for me (It sold some of that and bought VXF, basically making VTSAX + VXF into VTI). So it does have the ability to buy other funds, it just tries to diversify into total market + total international stock/bond.
I was thinking about a robot adviser, I might as a hedge against a market crashes. I'm with Fidelity so I'ma see what they have and use my HSA for a robot adviser.
I wanted to know if you have any content regarding on Chase credit card tier. I have tried to accomplish this but, haven't been unsuccessful. Credit score is a factor.
It would help keep allocations in your goal limits/allocations. If US stocks went up much higher than international (for example) that could shift total allocation. Just need to bring it back down.
@@BlackJesus8463 I agree actually - in a taxable account you want a very light hand in rebalancing because your objective will tend to be tax management. In a tax advantaged account, you might as well just rebalance.
Does any site compare these robos? For example they each have a moderately conservative model. Virtually all the same? Does one return more? Does one have smaller drawdowns?
Thanks for making a video on this! It's more balanced than many videos, but it misses some major cons people should be aware of. I made a video detailing some of these cons: why tax loss harvesting is irrelevant for many people, lock-in, bait & switch, and complexity. Robos may still be a good choice for some people, but you should make an informed decision! 😀
To me don't see much benefit of robo investors other than tax loss harvesting unless not willing to do a little bit of work to rebalance your portfolio on occasion. Not worth the increased fees to me you can do the same yourself.
Using M1 let's you rebalance at the click of a button or as you buy more. The tax loss harvesting is worth the fee for the robo advisors, but obviously only for taxable accounts.
It is like saying why pay financial advisor, I can do myself. 'Expertise' & convenience comes at a cost. Robo advisors are not as 'expert' to your custom needs as financial advisors, and that shows in fee too.
It’s another option. For smaller accounts the flat monthly fee could be too much. No tax loss harvesting and predetermined portfolios allocations. The round up feature is nice. Won’t be for everyone, but if it helps you start investing then it’s worth trying. I still prefer either betterment or Wealthfront for their additional benefits
Are these robo-advisor available for everyone? e.g. I m in the Philippines, if it available what would you suggest for a newbie in investing and also robo-investing.
For Schwab? It would be an incentive to put more money into their accounts. And could seem like an exclusive benefit when you reach that financial level.
Can't for the life of me figure out why you need to re-balance your portfolio. Especially at such tiny percentages. They're not becoming tail wagging the dog amounts at 5%.
Thats right, Abel. No fee if under $10k. And Fidelity Go uses proprietary Fidelity Flex index funds with zero expense ratio, so the advisory fee, if any, is the only cost.
If you don’t want to do anything and have a robo advisor do the work for you, I’d look at Wealthfront or Betterment. The fee is only 0.25% and they offer tax loss harvesting as well.
