What's it like working at robo-investors like Wealthfront or Betterment?
Jun 19, 2021
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I had assumed they were a growing space and doing well but I just saw this article that Wealthfront is doing its 6th (!!!) pivot since 2008.
https://riabiz.com/a/2021/6/16/wealthfront-in-its-sixth-pivot-as-a-firm-seeks-relevance-by-shedding-passive-investing-and-putting-decision-making-power-where-it-belongs-with-retail-investors
How are they doing?
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They also force you to invest in bonds which is why their returns are worse than s&p.