Been on wealthfront 3 years now and my all time gain is -12%. Has been negative something every year for the past 3 years. Meanwhile, my individual investments into tech stocks in Robinhood are up 25% in the same time frame. Which means I'm doing a better job investing myself than a whole roboadvisor.
My question is what's the point? I have 50000 in wealthfront that I'm thinking of withdrawing and just spending on individual tech stocks. What do you guys think?
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2) cherry picking a few tech stocks vs index investing is not comparing apples to apples
3) given how little you know about investing (not trying to be rude, but just frank her based on your post), you should stay in betterment and make sure you have >80% in stocks assuming you're decades from retirement
Over 5-8 years is not a fair comparison.
Here is an example when long term wealthfront is better. Look at https://www.google.com/amp/s/www.thestreet.com/.amp/opinion/25-winners-for-1999-592606 the top stocks of 1999. Most stock did not grow as expected and just lost money. If you where a individual investor over 20 yr from 1999 to 2020 you would not be able to predict the wining tech stocks.
Tech is fast changing world.
Because you are expecting better returns only if you put in for 20 years. In practical life, how is that usual that someone will not want to rebalance assets in long period of 20 years. 5-10 years is a reasonable timeframe beyond that should be taken as locking disadvantage.