Wealthfront has a .25 percent fee above 15k, Schwab hold 8 percent in cash and also has a 50k minimum for tax loss harvesting. Don't know if I'm comfortable going 50k in given stocks ATH and also keeping liquidity for down payment. Thoughts?
+1
I'm using betterment and wealthfront. I wanted to try them out this year before going all in. So far, betterment has been really good and I'll probably pivot to using that exclusively
Be careful if you use both Betterment and Wealthfront. If you do TLH in both, you'll likely end up having issues with wash sale rules...
Heard betterment has complicated withdrawal process (though I'm not using it)
Absolutely not the case. You click a button, they tell you an estimation of the tax impact (very convenient), you confirm and that's it. There is a few business days of latency before the money hits your bank account though.
I use vanguard manually buying funds for my IRA. But I have about double the money in Wealthfront. I love it
This is a good blog from Wealthfront on how they compare with a DIY approach with Vanguard. It's biased a bit but they are honest and even say that in some cases Vanguard would be better. https://blog.wealthfront.com/vanguard-versus-wealthfront/
I just opened wealthfront, hopefully it will be good experience.
Same. I might also open betterment for comparison. Another question is if I am considering real estate (very early), should I keep the down payment in savings or invest because it may take months? Also should I dollar cost average or go all in.
I would also look at Betterment. Very similar to Wealthfront but has a couple of nice things like fractional shares so you have zero cash idle. Regarding a DIY approach with Vanguard: I think the .25% fees is totally worth it and is probably paying by itself with things like: - automated daily TLH - automated rebalancing - automated dividends reinvestment in the appropriate funds - direct indexing (Wealthfront) - fractional shares (Betterment) - tax optimized coordinated portfolios (Betterment) - tax optimized withdrawals ...yeah that is a TON of goodies for a .25% fees on top of being SUPER convenient (hands off approach).