Experience with Robo advisors
Dec 21, 2019
22 Comments
Hey everyone,
With so many options to invest using robo advisors like Wealthfront, Betterment, Scwab intelligent portfolio, etc., would you guys like to share your experience if you are using any of them? I am thinking if I should go with these robo advisors or not. If not, why not and if yes then which one to choose and why?
Currently I am investing in funds only through HSA and retirement accounts like 401k and IRA. Considering tax loss harvesting done by the robo advisors and the wash sale rule, planning to have just one taxable investing account. Any help will be appreciated.
TIA
yoe: 8yrs
tc: 160k
comments
If you want to learn how to manage your money:
1. The richest man in Babylon
2. The intelligent investor
Do not treat those books as the bible, but rather general guides to LONG TERM investment mentality.
Save your money. Invest a reasonable amount. Know the difference between investment and speculation. Never invest more than you can stand to lose.