Wealthfront Experience?

Amazon boomtube
Oct 18 19 Comments

Anybody put over 100K into Wealthfront before? What was your experience?


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TOP 19 Comments
  • New / Eng

    New Eng

    Hvac engineer.
    I put 1 or 2k in Wealthfront. Then look at what they buy with that 1-2k and I buy the same etfs on my vanguard account or another brokerage to avoid wealthfront fee.
    Oct 18 1
    • This. Only advantage is they automatically reinvest dividends and rebalance, but you can do that yourself
      Oct 18
  • Exabeam / Eng DdAg85
    I have just over 100k in wealthfront for several years. No complain.
    Oct 18 11
    • Eigen 🔥blind
      Tell me your portfolio.. coz somehow I sense a novice in your discussion
      Oct 18
    • Rackspace gITI21
      Eigen, dude, stop embarrassing yourself. Granted this is an anonymous platform but even so don’t go on speaking nonsense.
      Oct 18
    • Netflix the.oa
      The gain is going to be dependent on your risk factor you give Wealthfront and the market conditions. Hard to compare apples to apples that way.

      My experience is I invested 10k into Wealthfront with a 9/10 risk factor. They invested Lots of money in emerging markets and international. Then Trump happened and the shit hit the fan in those markets. I was negative overall for a better part of a year and I moved it back out once it broke even. I put another 10k in vanguard and picked my own funds at the same time and did better.

      It was generally just bad timing for emerging markets at that time. Not really a problem with Wealthfront.

      Overall I prefer vanguard. But the tax loss harvesting is really non trivial. I liked that part. But my experience leads me to assume Wealthfront doesn’t dynamically adjust to current market conditions as aggressively as a human might (which is probably a good thing). They just spread the funds out based on whatever curve they compute whether the market is good or bad at the time.

      Curious if others know the internal workings. Just guessing.
      Oct 18
    • Citadel Securities / Eng bluetiger
      For me the tax loss harvesting has been pretty worth it. Easily adds a percent return each year over what I could do on my own without significant effort
      Oct 18
    • Charles Schwab iKyr23
      These are all just passive index strategies. There is no dynamic or strategic allocation shift taking place amongst these robos. Looking at past performance of index funds and avoiding them based on underperformance is a terrible idea. Go find a quilt chart and you’ll see why. The discipline, rebalancing, and TLH is where you are getting the real benefit of these services. Diversified, passive strategies will closely match market performance based on your risk profile during an entire market cycle. That’s why your buying in to them - to avoid a 1% fee.
      Oct 19
  • Citadel Securities / Eng bluetiger
    They do a lot of tax loss harvesting with their funds that is non-trivial to replicate on your end and certainly worth the fee
    Oct 18 0
  • Eigen 🔥blind
    I had 10k at one point after that they will charge
    Oct 18 0
  • Is anyone using betterment as well
    Oct 18 1
    • Apple tango_char
      I used it
      I would suggest investing in some index fund than going on these robo advisors
      Oct 18
  • Dell lKAw06
    Sort of ... I did an experiment a few years ago, 100k each in Schwab intelligent portfolio, betterment and wealthfront .. wealthfront won (under those particular market conditions!)
    I've taken money out since then but it's still double net deposits.
    Oct 18 0


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