Anybody put over 100K into Wealthfront before? What was your experience?
Is anyone using betterment as well
I used it I would suggest investing in some index fund than going on these robo advisors
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.
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.
This. Only advantage is they automatically reinvest dividends and rebalance, but you can do that yourself
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
I have just over 100k in wealthfront for several years. No complain.
Whats the % gain? In last 1 year?
How is the last one year gain relevant?
I had 10k at one point after that they will charge