Betterment, Wealthfront, Lendingclub, Prosper and more...

RDSChicago said:
Brian, please tell us more about this $20k dog. Being a dog lover with three of them, you piqued my curiosity.

Rob
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A geez, I got hit with this same mentality elsewhere. Because we never owned a dog and always hear people talking about all the medical care their dog needs as well as food for 12-14 years, we Googled what an average cost over the average lifespan of "a dog" would be.

We went by the info and chart on this page as well as several others that were similar.
http://www.peteducation.com/article.cfm?c=2+2106&aid=1543

So maybe 20k is at the top end, but why would I retire and budget $5k for a dog only to have it cost me many $$$ when I try to keep it alive or it has other issues just like children.

Not this
26057CC600000578-2966130-image-a-41_1424739483609.jpg
 
asiufy said:
Mike,

I'm currently evaluating both Wealthfront and Betterment. The plan is to compare them against a more "traditional" house, like Charles Schawb.

So far, so good. I haven't heard about these P2P lending sites you mentioned, but they seem interesting. The ones I'm currently researching are Groundfloor and RealtyShares...
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Alex - I'm going to be interested in your experiences with Wealthfront and Betterment. What I wonder is how often do the move assets around? I find traditional advisors just buy a bunch of stocks/bonds/mutual funds and sit and hold and hope for the best. That's what happened with my experiment last year with Edward Jones. He advised I buy a bunch of stocks and stuff and somehow, in a fairly positive economy, lose 15%! I mean, at DOW 18,000, we were still down over 15%. Unacceptable.

Robo Advisors are definitely interesting and if/when they integrate AI into the process, the little guy will finally get some advantages.

How do you like Wealthfront vs Betterment? Betterment seems to get all the praise, but Wealthfront has some major backers.

Check out the P2P sites I mentioned. I'm still experimenting, but so far, so good.
 
Mike,

So far, my preference is also towards Betterment, simply because the site itself is better, with more detailed information and options. Wealthfront is a bit too opaque right now.

I've only been using them for 15 days or so, and in this time period, there hasn't been any drastic dips in the market, so I don't believe they'd have any reason to reallocate. Maybe to pick up some of the funds/stocks that are actually going up... But from what I can see, there hasn't been any automatic movement in the allocations...

Let's keep this thread open and hear from others :)


cheers,
alex
 
Damn... I put some money into that the other day...
Couldn't read the entire article (not a subscriber), but the headline was disturbing enough....

OTOH, I've been fairly impressed with Betterment and Wealthfront. The latter is providing great returns, while the former has a better, simpler interface, both on the web and app.

My only qualm with both is that they use automated portfolios, and both insist on allocating a significat part of it to funds of developed market stocks. Those have been negative for a while, and trending downwards, even before Brexit... So I really don't know why they insist on having 20%+ of the portfolios with that sort of fund...
 
I'm doing ok with my trial on LC and Prosper (knock on wood). Not sure I'll invest any more. But, I am getting 10% ish so far.


Sent from my iPhone using Tapatalk
 
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