Wealthfront?
Do you use it ? Is it worth it ?
scam. Stay away
Not worth it. Youāre way more protected by doing dollar cost averaging in a Vanguard 4 fund portfolio.
Disagree with previous commenters. I think wealthfront and betterment are good products - for 0.25% expense ratio they are taking care of asset allocation and rebalancing for you, seems worth it to me. Unless you're well versed in investing and stay on top of things really carefully, you're probably better off investing with them. Especially compared to other companies like personal capital or traditional asset managers that charge like 3x or 5x the fee,, wealthfront gives you way better value for your management fee.
Any idiot can manage a vanguard three fund portfolio
But how many idiots will really be disciplined about logging in regularly and rebalancing?
I've been happy with them. If you need a referral link I can give you one.
I already signed up. Can I still add your referral?
I don't know. PMed referral link.
My husband uses them. Heās a financial stickler ā aiming to retire early ā and is happy. His portfolio is doing as well as mine, and I use a professional broker (and pay much more).
Wonder if you both arenāt planning to retire together or is there any reason to keep separate portfolios (which can possibly skew the overall asset allocation)
Itās just buggy and lacking features. Good savings/cash % but it takes a week or more sometimes to update your linked accounts. Defeats the purpose. Use Personal Capital instead.
Stay away from their investment accounts, you'll have a very difficult time when you fill tax. Their savings account also not giving the best in the market rate and super slow in moving money around. 100% not recommended
What's the problem when filling taxes? Your just get a normal 1099 like any other investment company.
They are doing too much trades on your behalf. Internationally, outside your states, options, bonds, etc making your tax situation very complicated
I started Wealthfront for their savings account. I liked the simplicity so I opened an investment account. Realized I could do the same thing myself easily so opened an account with Fidelity when I was about to cross my free investments limit. Wealthfront allows you to link your other accounts so it acts as my central hub now (I have like 8 different accounts including 401k, IRA, RH, etc. with many different banks/brokerages/companies). It's great cuz you can enter how much you contribute to each acount and it estimates your net worth year on year.
But arenāt you frustrated with the extreme delays in updating the amount you have in each account? It takes up to a week for certain accounts. The app called Personal Capital updates in real time.
I like the Wealthfront UI much better than Personal Capital and for some reason I trust it more. As far as the slow updates, that was only an annoyance for me in the beginning when I was super excited and was checking how my portfolio was doing every single day. Now once a week is more than enough. If I really want to check something specific then I go directly to the respective account.
Haha you poor fuck. Tax loss harvesting is overrated. Max of $3k a year. If you glorify that shit, you need to make more
Um if you have capital gains to balance out the benefit is only limited by the gains you take. On the other hand all tax loss harvesting does is make your cost basis on the equivalent position lower, so you're just shifting taxes to a later year. So you're just getting the compounding benefit of deferring taxes... The studies I've seen say it's worth a fraction of a percent of additional return.
Shit is trash
Trash is shit too