Jump to content


- - - - -

Recommendations for a robo-advisor or other low maintenance investment plan?


#1 randomevent   Mr. Pigface CAGiversary!   636 Posts   Joined 10.1 Years Ago  

randomevent

Posted 08 February 2015 - 05:22 PM

Has anyone here used any services such as Wealthfront, Betterment, or anyhting like that to invest some of their money? My wife and I are considering how we can diversify our investments, and I'm intrigued by the idea of these services.

I'm wondering if anyone here has any experiences with investing with these "robo-advisor" investment platforms. I wonder if it's even worth it for me. I figure I would just put a small chunk of change into one as a deposit, then have some of my paycheck go to it every month and see what happens.

Anyone here want to chime in? I'm up for other suggestions also. I just want to see how I can save some of my money a little differently, so to speak

#2 dopa345   All around nice guy CAGiversary!   2247 Posts   Joined 14.8 Years Ago  

Posted 11 February 2015 - 02:49 AM

Just invest in index funds.  Vanguard has the lowest cost funds around.



#3 randomevent   Mr. Pigface CAGiversary!   636 Posts   Joined 10.1 Years Ago  

randomevent

Posted 11 February 2015 - 03:14 AM

Just invest in index funds.  Vanguard has the lowest cost funds around.

We've been leaning towards that as well. After some research, we found out that Charles Schwab is about to start their own robo-investor service. I want to see what that's about first.



#4 Dokstarr   Tap, Snap or Nap CAGiversary!   2229 Posts   Joined 11.7 Years Ago  

Posted 11 February 2015 - 04:11 AM

I've been using betterment for putting general money away and have been funding a Roth IRA through there for a few years.

 

http://investorjunki...terment-review/



#5 randomevent   Mr. Pigface CAGiversary!   636 Posts   Joined 10.1 Years Ago  

randomevent

Posted 11 February 2015 - 06:34 AM

I've been using betterment for putting general money away and have been funding a Roth IRA through there for a few years.

http://investorjunki...terment-review/


Thanks for the article. Did you consider other services besides Betterment? If so, why did you pick it in the end? I'm only asking because Wealthfront appealed to me more initially.

#6 jms493   CAG Veteran CAGiversary!   113 Posts   Joined 10.3 Years Ago  

Posted 24 August 2015 - 09:14 PM

Vanguard Index funds or ETFs.  Easy peasy



#7 jms493   CAG Veteran CAGiversary!   113 Posts   Joined 10.3 Years Ago  

Posted 03 September 2015 - 09:19 PM

Here is a idea I just implemented for my wifes IRA.

 

The 3 Fund portfolio