Wealthfront

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The kitchen sink

The kitchen sink

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Can anyone share their experience with Wealthfront investing?

It’s a robo investor, they take 0.25% yearly, mostly investing in low expense ratio index funds
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Just about all of the major brokers do robo investing and a pretty good job of it after surveying your risk tolerance and goals. Schwab has a good one. If you're planning on doing basic index fund investing, you really don't need anyone to help you do that.

Most of the brokers will have basic free robo investing +/- paid/free access to any of the brokerage financial advisors that is probably just as profitable as Wealthfront for a lower cost of entry.
 
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Groove said:
Just about all of the major brokers do robo investing and a pretty good job of it after surveying your risk tolerance and goals. Schwab has a good one. If you're planning on doing basic index fund investing, you really don't need anyone to help you do that.

Most of the brokers will have basic free robo investing +/- paid/free access to any of the brokerage financial advisors that is probably just as profitable as Wealthfront for a lower cost of entry.
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Are you referring to the Scwab s&p 500 mutual fund SWPXX ?
 
The kitchen sink said:
Are you referring to the Scwab s&p 500 mutual fund SWPXX ?
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No, I'm referring to any of the major brokerage services. There's nothing magical about Wealthfront. It's a newer company and it's standard automated robo investing after you fill out a risk tolerance questionnaire. There are lots of threads about it on reddit if you want to search. All the major brokerages have automated robo investing these days. Plus, you get all the wealth of benefits and additional services and products that a brokerage brings. You'd have better luck using Schwab, Fidelity, Vanguard, etc.. Or yet...just do a basic 3 fund boglehead approach if you are not particularly interested in investing and want to keep it simple.
 
Groove said:
No, I'm referring to any of the major brokerage services. There's nothing magical about Wealthfront. It's a newer company and it's standard automated robo investing after you fill out a risk tolerance questionnaire. There are lots of threads about it on reddit if you want to search. All the major brokerages have automated robo investing these days. Plus, you get all the wealth of benefits and additional services and products that a brokerage brings. You'd have better luck using Schwab, Fidelity, Vanguard, etc.. Or yet...just do a basic 3 fund boglehead approach if you are not particularly interested in investing and want to keep it simple.
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True true
 
The kitchen sink said:
Can anyone share their experience with Wealthfront investing?

It’s a robo investor, they take 0.25% yearly, mostly investing in low expense ratio index funds
Click to expand...
Waste of fees
Use fidelity brokerage
Buy SPY or IVV with fractional shares if needed to use every cent
Hold
Retire later
 
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