iBillionare

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Apple Eng

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Microsoft
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Feb 25, 2018 11 Comments

I was looking at this app. Seems like a similar service to Wealthfront and Betterment, but also shows you and let’s you invest in the portfolios of other well know investors. Anybody used it? Or is it better to just stick with vanguard or Wealthfront and robinhood.

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TOP 11 Comments
  • LinkedIn factorial!
    Vanguard, 3-fund portfolio, 0.07% expense ratio (less due to tax loss harvest).

    (Age-10)% in bonds (BND),
    80/20 split between U.S. Total stock market (VTI) and International Total Stock Market (VXUS) for remaining.

    Example, at age 30, I'm:
    20% BND
    64% VTI
    16% VXUS
    Feb 25, 2018 5
    • Tableau / Eng Johnny27
      Solid for sure.

      However, I still believe Betterment or Wealthfront might be worth their 0.25% fees for all their automated features that are difficult or impossible to manually reproduce (ex. Direct indexing with daily TLH)
      Feb 25, 2018
    • NXP udur
      May I know how frequently you contribute to these 3 funds? Do you have to buy manually every time Or does vanguard has an option to automatically withdraw money from personal bank account every month?
      Feb 25, 2018
    • LinkedIn factorial!
      Johnny27 - Direct indexing works good in theory, but given that you can any way take no more than $3,000 in capital losses each year, the regular manual tlh has worked more than great at a fraction of cost for me, and only takes few minutes of my time during correction. In 2016, for example, I harvested about 15K+ during the Feb correction, which I'm still carrying forward each year. In 2017 the market did not see significant correction so I did not harvest anything, but rather used my carryover loss from 2016. While WF could have harvested a few hundred dollars in 2017 for me, the overall outcome did not change for me as I had plenty of carryover loss to claim any way.

      Also, because my 401k cannot be managed by wealthfront, I could accidentally trigger wash sales if they try to harvest losses in something I purchased recently. My portfolio is also more tax-efficient since all 20% bonds are held in 401k, so the monthly dividends I receive are tax deferred until withdrawal, when I'll likely be in a lower tax bracket.
      Feb 26, 2018
    • LinkedIn factorial!
      Udur - I manually put in money once I have $10K in savings, but vanguard does have an option to automate it on monthly basis.
      Feb 26, 2018
    • NXP udur
      Ok thanks!
      Feb 26, 2018
  • Vanguard all the way
    Feb 25, 2018 1
    • Tableau / Eng Johnny27
      If you like Vanguard, you'll love Wealthfront or Betterment
      Feb 25, 2018
  • New ClIe61
    iBillionaire sounds like it was named by a 7 year old.

    I wouldn’t trust them with my nail clippings.
    Feb 26, 2018 1
    • Apple / Eng
      Ternary ?

      Apple Eng

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      Microsoft
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      OP
      Lol. Horrible name. I agree.
      Feb 26, 2018
  • Apple / Eng
    Ternary ?

    Apple Eng

    PRE
    Microsoft
    Ternary ?more
    OP
    I’m currently with vanguard due to their super low fees. Was curious about kicking some money over to Wealthfront as well. Been hearing good thing about it as well.

    iBillionare seems like they used to be a tracker of portfolios of other billionaires and evolved to offering their own funds based on a variety of different strategies. Seems like a “me too” copy. Will probably punt for now. But it is interesting to see the holdings of other whales.
    Feb 25, 2018 0