Where to invest other than Wealthfront?
I’m a Recent Grad and was advised to drop some money in Wealthfront and don’t think about it. So I dropped $30k of my signing bonus last year and I came back exactly a year after and it’s down like 2%. This might not be much to some of y’all but I’m not optimistic about this silly app over the next year. Not only am I losing money due to the losses but also due to inflation. Where else can I invest my money? I’ve already maxed 401k, Roth IRA for last year and already invest in individual stocks.
Wisebanayan is working well for me. Do take its tax loss harvesting package. I found it to be better than Acorns as well.
If you actually want to limit downside dollar cost average. Ull limit upside too tho so careful
Did you compare any index funds for their performance since you put money in? You should always dollar cost average if you’re sensitive. The stock market hasn’t been great since Septemberish, but if your investment horizon is more than 3-5 years you should absolutely leave the money in stocks. Imo it’s not unreasonable to follow the same advice for shorter horizons in the current climate (stocks are still down from their highs)
101 of investing - diversify, play the long game and do not peek. If your window is a year, you aren’t investing, you’re speculating.
Thanks, I’ll look into this. 🙏🏾
You don't have the mental fortitude to be an equity investor. Please take out your money and invest in CDs. Then 30 years from now watch your net worth be about 1/4 of what it could have been if you had just left money in Wealthfront or a few broad market based ETFs and forgotten about it and let it ride.
Wealthfront just launched checking account with 2.24% interest rate. If you are a little risk averse, just put some of your side cash there
I personally like m1 for retirement accounts and Robinhood for taxable. But what does the broker have to do with your return? It's a bad year man. The stock market is based on amortized return. It'll go up. Iirc from history u can't lose money if u leave it in 7 years. This is accounting for great depression, recession. Don't pull out when ur down
Don't pull out when you're down is also great bedroom advice!