which one has better returns? Wealthfront is free if investment < 10k & I can trade ETFs for free on Robinhood.
Tdameritrade has 200+ transaction free ETFs from multiple providers
Look at m1 finance. Free robo
Is there a tax issue if investmenting via vanguard, wealthfront and Robinhood all three together.?
Nope just more paperwork. If you buy the same thing in multiple accounts you might have a headache figuring out your cost basis so I would recommend buying different things in each to keep it simple.
Vanguard. Free to trade vanguard ETF or mutual funds, and can set up a beneficiary. You really just need to buy VTI, VXUS, and BND. Just decide in what ratio. This doesn't need to be complex. If you want to spice it up add VWO and VB or even VSS. All free, either admiral share fund or ETF. The fund versions are slightly better for dividend reinvestment since they can do fractional shares and can be converted to ETF whenever you want, but 10k minimum to get into the admiral share version that has the same low fee as the ETF version.
Thanks! How different is wealthfront from vanguard? Even they invest in ETFs if Iām not wrong.
Wealthfront invests in vanguard ETFs and charges you a fee to do that. If you are willing to do you own allocation between the funds then you can invest in vanguard directly and save the fee. You could do the same with Robinhood but it lacks some important features like naming a beneficiary. If you die the means lawyers eat you savings in probate, whereas with a named beneficiary they get the money without issue.