| Wealthfront vs. betterment: which to choose? |
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rockyx
On Probation
Cash: $
Posts: 1
Joined: 10 Dec 2014
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| Wealthfront vs. betterment: which to choose? |
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Don't have much time to invest my money. My friends recommend wealthfront. does any one have any experience using them.
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Wed Dec 10, 2014 11:17 pm |
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Delbertbao
First Time Poster
Cash: $
Posts: 1
Joined: 10 Dec 2014
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| Wealthfront |
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Hi,
I prefer wealthfront. You don't need to pay management fee for $10,000. I get 5% return in about 2 weeks. There is a very good introduction article: http://www.delbertbao.net/2014/11/30/wealthfront-an-introduction/ also if apply by the link in the article, can get $15,000 free of charge
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Thu Dec 11, 2014 12:12 am |
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oldguy
Senior Member
Cash: $
Posts: 3656
Joined: 21 May 2006
Location: arizona
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quote:
Wealthfront vs. betterment
If you flip a coin you will get heads or tails, no other possible answer. So it's kinda dumb if both answers are completely wrong at the outset.
You will not become wealthy (or even well-off) by paying someone to pick ETFs and index funds for you, you'll need to educate yourself - learn what things grow tax-deferred with low overhead, what are the probable longterm outcomes, etc. (About 85% of fund managers fail to beat the market averages.)
Eg, $5000/yr at 11%/yr = $1,100,000 in 30 yrs. If your manager gets 2.5%/yr for his service, it is $674,000. Ie, a $470,000 cost.
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Thu Dec 11, 2014 3:09 pm |
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richard johnson
New Member
Cash: $
Posts: 6
Joined: 13 May 2015
Location: California
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Wealthfront is aimed at larger deposits, for sure. But the interesting thing is that Betterment makes it way easier to incrementally invest, which makes me much more likely to put more into Betterment than Wealthfront.
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Sat May 23, 2015 10:52 am |
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littleroc02us
Moderator
Cash: $
Posts: 1891
Joined: 09 Feb 2009
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| Re: Wealthfront |
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quote:
Originally posted by Delbertbao
Hi,
I prefer wealthfront. You don't need to pay management fee for $10,000. I get 5% return in about 2 weeks. There is a very good introduction article: http://www.delbertbao.net/2014/11/30/wealthfront-an-introduction/ also if apply by the link in the article, can get $15,000 free of charge
RockyX and Delbertbao are posting from the same ip address, so I'm going to assume this is spam until further notice.
Risk comes from not knowing what you're doing. (Warren Buffet)
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Tue May 26, 2015 1:19 pm |
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