https://www.betterment.com/



just set it so you can drop $100 into each month and forget about it.



there are other places that do what this is doing BUT they have a minimum.

this has NO minimum. start investing.

that post about white folks families got me thinking I should share this if we are going to talk about growing wealth.

yer welcome.

Be patient with me and I know if I do my eyes will cross
How about a summary

~~~~
When you are born, you cry, and the world rejoices. Live so that when you die, you rejoice, and the world cries.
~~~~
You cannot hate people for their own good.

"provides investment advice and diversified, fully automated investment management to customers for less than the typical cost of a traditional financial adviser or wealth manager. All transactions occur online "

need to research it


~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
instagram:
http://instagram.com/0kayndc

"There is much temptation to use what has worked before,
even when it may exceed its effective scope."

"Roll me further bitch"

http://www.mrmoneymustache.com/2014/11/04/why-i-put-my-last-100000-into-betterment/

ive also read up on this vs. vanguard

the deal is if you are starting small and thinking long then this is a strong way to lead.

if you are thinking very big it also works, its a lazy way to start building.

>http://www.mrmoneymustache.com/2014/11/04/why-i-put-my-last-100000-into-betterment/
>
>ive also read up on this vs. vanguard
>
>the deal is if you are starting small and thinking long then
>this is a strong way to lead.
>
>if you are thinking very big it also works, its a lazy way to
>start building.

You could do the same thing yourself and it would 3 to 4 times cheaper.

Example: You have $10,000 to invest
For their low end package, the fee is 0.35% per year. So you would pay $35 per year


But the funds they invest your money in have much lower fees:
Vanguard Total Index (VTI) - 0.07%
Vanguard Large Cap - 0.09%
Vanguard Mid Cap - 0.09%
Vanguard Small Cap - 0.09%
Vanguard Emerging market - 0.15%

Their bond funds are similarly low cost too.

Mix that up yourself, you would probably be looking at $10 per year in fees.


But I guess there is the convenience/usability factor.

i mean sharebuilder does the same, but you have to put in $100 a month

some people dont have that


does it really matter?

wonder what bin's doing?
http://i.imgur.com/phECCMp.jpg

deposit. they just make you pay a fee that amounts to what this website charges you.

with vanguard i put in money whever i want. i can automate it weekly or monthly, stop it during the summer when business is slow and then hide money in that account from the irs in april like i'm doing now.

Pretty sure they are connected to Mint some how. The website looks exactly the same

habit of saving formed
automatic rebalancing
getting the ball rolling

you COULD roll your own but, I think to get started this makes a ton of sense

and I get it, there are so many ways to go about this, but this is a solid start, someone like yourself has taken the training wheels off

in fees for nothing they're doing better than anyone else.

setting up my vanguard account was probably easier than opening a bank account.

i don't know how it could be any easier.

The only thing this offers over and above what you could very easily do yourself is the initial allocation advice and the re-balancing.

Whether that is worth the fee depends on what's important to you.

It depends on your priorities.

I see both sides

when investing people view every cent as the one that could change the game.

it's not a lot of money until you multiply it by X amount of years and compounding interest.

and i get it

but, I think its important to get that ball rolling

you can always switch platforms or go harder once you get started

i just want people to get started

and at 50k, tax loss harvesting starts which could more than make up for the fee (over time)


but you're right about vanguard being easy to set up - i use it for taxable, ira, and roth ira

I have little free time or energy to learn the ropes of investing. Automated = ideal. I think I'm sold.

Why did you choose this over Vanguard?

in dummy language.

not saying one is better than the other because i have not
done enough research. looks like betterment may be higher in fees.

vanguard also offers admiral shares (even lower costs) for certain
products with an investment of 10k or more.

1k, 3k, 10k, 50k, 100k


~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
instagram:
http://instagram.com/0kayndc

"There is much temptation to use what has worked before,
even when it may exceed its effective scope."

"Roll me further bitch"

i had brunch w/ a friend's mom and she's a financial writer and that's really all she could offer up but she suggested it

but you could easily start a fund somewhere else that doesn't have the $3k min Vanguard has then roll it over to Vanguard when you do

basically all she said was 'do the math'. depending on how you transact, you need to figure out your fees and that may steer you to the right place

https://personal.vanguard.com/us/funds/snapshot?FundId=0308&FundIntExt=INT

This mutual fund has a 1k minimum. I could have sworn some don't have a minimum. But, I don't have time to research now. But either way it's not 3k.

start somewhere

do your research, read up, see what looks good.

I saw betterment and I like it as a starter but I am thinking more about investing in Vanguard.

I gotta do something. I have pretty substantial savings and about the same amount invested in my business. I went to make a transaction in the account where I have my savings recently and I almost cried how little the "PMA" account had earned me in interest so I opened it a couple years ago. So I am thinking of sinking a good chunk of it into something conservative like Vanguard and then a OK-sized slice into a pretty aggressive mutual fund.

what about wealthfront.com ?

lol.. that's what my business manager is for

probably around 4 days ago and Its already earned $1.30

The balance is set to aggressive so it makes sense.


This will be interesting to observe

I just bit the bullet and invested a ton of money. I'm nervous lol

Thanks for the rec!

i already have a 401k and a savings account. this is something different.

That is if you are investing for the long run (retirement). It can give you stress and worry your mind even when it shouldn't.

You value going to fluctuate, sometimes dramatically. There will be times where you are down quite a bit. But if you are not a day trader, you are not going to be pulling your money in and out of the market trying to perfectly time the market.

I think it's best to just forget about it and maybe check on it every few weeks or so.

>That is if you are investing for the long run (retirement).
>It can give you stress and worry your mind even when it
>shouldn't.
>
>You value going to fluctuate, sometimes dramatically. There
>will be times where you are down quite a bit. But if you are
>not a day trader, you are not going to be pulling your money
>in and out of the market trying to perfectly time the market.
>
>I think it's best to just forget about it and maybe check on
>it every few weeks or so.
>
>

i get it, if you play the game then you have to be ok with losing at times

I have a savings account and a 401k
this is being treated as a medium term (5 to 10 years, perhaps 10 to 15) source of income.


i am also aware that you have to just step back. I cant remember the study but they realized that some of the best performing stock players were dead people since the dead have a tendency to not take action

so, let that tree do whats its going to do ya know?