Investing with a Robo Advisor or Robo #investing is a growing topic as people look automate their investments and make investing money easier. And there are a lot of different Robo advisors and they all have different fees, investment allocations, investment benefits. So we take a look at some of the more popular options like Vanguard Digital Advisor, Charles Schwab Intelligence Portfolio, Wealthtfront, and Betterment to evaluate these #Roboadvisor pros and cons. And which one could be a better option for you.
00:00 – Start
00:26 – Easy Investing with Robo Advisor
1:04 – Investment Requirement
2:12 – Robo Advisor Fees
4:33 – Portfolio Allocations
8:49 – Portfolio Performance
9:48 – Tax Loss Harvesting
11:33 – Rebalancing Investment Portfolio
12:18 – Thoughts
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39 comments
LETS GOOOO!
Like the new content so far!
Between you and Jake you guys are killing it.
Thoughts on acorns ?
I have used Betterment for 6 years. They are great, no issues.
To me don't see much benefit of robo investors other than tax loss harvesting unless not willing to do a little bit of work to rebalance your portfolio on occasion. Not worth the increased fees to me you can do the same yourself.
Awesome video man!! Keep it up 👍
First
This ticklez my fealz so hard Waller! 10/10
Isn't rebalancing a total gamble unless for tax losses?
SoFi is good as well IMO
Any thoughts on Fidelity Go?
CS for the win
You should add Etrade.
That's disappointing to hear all those negatives about Schwab. I don't recommend their robo-advisor regardless, it doesn't seem competitive.
Thanks for making a video on this! It's more balanced than many videos, but it misses some major cons people should be aware of. I made a video detailing some of these cons: why tax loss harvesting is irrelevant for many people, lock-in, bait & switch, and complexity. Robos may still be a good choice for some people, but you should make an informed decision! 😀
I’m at 17 percent return with schwab since December before the crash. Not awful Not great.
I'm not a fan of any of these Robo advisors. None outperform a Bogle head 3-fund portfolio.
With that said, Wealthfront is the best in terms of growth. Betterment adds advisors for non-stock financial advisory services.
In terms of “set it and forget it” investments I think you are just better off in a s&p 500 ETF like VOO or SPY IF you have an investment horizon of 20-30+ years. I bet over long periods it outperforms these robo advisors with not that much more volatility.
Meh, I say just buy the S&P, Dow, Nasdaq, and Russell ETFs instead of using a Robo Adviser.
I was thinking about a robot adviser, I might as a hedge against a market crashes. I'm with Fidelity so I'ma see what they have and use my HSA for a robot adviser.
Very good comprehensive round-up. Thanks for the research efforts!
I have been contemplating about opening up a Betterment account. Thanks for this video man..I'm sure there was a lot of work put in to this. Take care and happy investing!
Are these robo-advisor available for everyone? e.g. I m in the Philippines, if it available what would you suggest for a newbie in investing and also robo-investing.
I'm very interested in investing anythingat this point. I don't have a lot to start with but I do have a few thousand to play with. Does anyone have some advice for a beginner, maybe advice they wish they'd heard themselves before investing?? I'm trying to create financial freedom for my family. I grew up in Maine broke as a joke, and I want to end this family trend. I know time is precious and I don't expect anyone to donate free time, but if you do, thanks in advance! Sincerely a guy that started at the very bottom, trying to get to the top, or closer to it. I'm surrounded by people living paycheck to paycheck, so I have no one to talk to about this stuff. This post alone should show my desperation. Thanks for reading, have a blessed day!
US socks?
Can't for the life of me figure out why you need to re-balance your portfolio. Especially at such tiny percentages. They're not becoming tail wagging the dog amounts at 5%.
Hey waller can you do a review on titanvest
Where is the best place to put $20,000 and watch it grow ? With little to nothing interactions
I wanted to know if you have any content regarding on Chase credit card tier. I have tried to accomplish this but, haven't been unsuccessful. Credit score is a factor.
I own six different Vanguard ETFs and they have a lot more. I don’t understand why the robo advisor only uses four. That’s just weird because they have so many options they could be using. VOO for example. Probably their best ETF and it wasn’t one of the four. Just weird.
Great vlog!
Super helpful!
I learned a lot from your video. Thank you
Schwab recommending a cash position seems pretty self serving. If you really want to give them a chance ask for their pro managed account. Pray for Africa.
This was so helpful! I heard some misleading information about the robo advisor I chose and it was really concerning me because I'm still new to this, but after watching this I'm feeling better about my choice again.
I'm liking the fractional shares a lot which is why it's stopping me from opening a wealth front account. Do you think they will ever bring it or just go with Betterment, I could go with fidelity go but their fee is 0.35% a year after $50k.
Tax loss harvesting = locking in losses. The AI program has no idea what my tax situation is. I take a pass on the tax loss harvesting.
Been with betterment since 2017 ~ incredible company! Trustworthy. Plenty of returns.
Thank you! This was helpful. 🙂