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Wealthfront vs. betterment: which to choose?

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rockyx
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Wealthfront vs. betterment: which to choose?  Reply with quote  


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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.
Post Wed Dec 10, 2014 11:17 pm
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Delbertbao
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Wealthfront  Reply with quote  

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
Post Thu Dec 11, 2014 12:12 am
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oldguy
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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.
Post Thu Dec 11, 2014 3:09 pm
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richard johnson
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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.
Post Sat May 23, 2015 10:52 am
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littleroc02us
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Re: Wealthfront  Reply with quote  

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)
Post Tue May 26, 2015 1:19 pm
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