TctclMvPhase
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Just found this forum, so I thought I might try a post.
In the past I have mostly used mutual funds because I inherited the practice from my parents, but over the past few years, I noticed that I have been losing out a great deal on returns due to fees.
It was recently that a friend recommended Wealthfront, which based on their FAQs seems to be a programmatic mutual fund based on the advice of Malkiel. The idea being that humans can't consistently beat the market, they only get lucky, which makes the best option to be simply diversify and hold long term because the stock market in the long term averages around an 11% return. There are other services that offer similar programs, but as Malkiel is actually involved with Wealthfront, I took the plunge.
Anyways, in the past few months I have put around 25K into the account, with the calculated return varying from 2.5% to 11%. I am using a relatively high risk portfolio, 9 out of 10, based on their scale.
Has anyone else tried this service or one similar?
I am curious to see what others have seen as returns based on their amount and time invested along with their selected risk profiles.
Has anyone else dropped managed mutuals entirely, in favor of a service like this?
Also, if people are interested, it might be nice to start a kind of invite chain for these services. Wealthfront will manage an additional 5K for free for every accepted invite, so if people decide to use the service, we could pay those savings forward with each new member using the signup link from the last new member.
In the past I have mostly used mutual funds because I inherited the practice from my parents, but over the past few years, I noticed that I have been losing out a great deal on returns due to fees.
It was recently that a friend recommended Wealthfront, which based on their FAQs seems to be a programmatic mutual fund based on the advice of Malkiel. The idea being that humans can't consistently beat the market, they only get lucky, which makes the best option to be simply diversify and hold long term because the stock market in the long term averages around an 11% return. There are other services that offer similar programs, but as Malkiel is actually involved with Wealthfront, I took the plunge.
Anyways, in the past few months I have put around 25K into the account, with the calculated return varying from 2.5% to 11%. I am using a relatively high risk portfolio, 9 out of 10, based on their scale.
Has anyone else tried this service or one similar?
I am curious to see what others have seen as returns based on their amount and time invested along with their selected risk profiles.
Has anyone else dropped managed mutuals entirely, in favor of a service like this?
Also, if people are interested, it might be nice to start a kind of invite chain for these services. Wealthfront will manage an additional 5K for free for every accepted invite, so if people decide to use the service, we could pay those savings forward with each new member using the signup link from the last new member.
