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Just signed up for betterment after looking into Vanguard, other options. Putting your money into Vanguard requires more investing knowledge (picking which ETF
by hiphipjorge 11y ago
Just signed up for betterment after looking into Vanguard, other options.
Putting your money into Vanguard requires more investing knowledge (picking which ETF, how to spread investment) and is not nearly as easy, nice to use as betterment. Betterment is a tech company and they seem to be good at building tech around ETFs in order to make it a better experience. iOS enough to fork over a couple of hundred dollars a year in fees. I don't Hinkie Vanguard will ever provide an experience as nice as betterment.
Also, their tax-loss harvesting feature could actually save you money in the long run if you don't have a retirement account.
- vr3690 11y agoTheir fees will probably cost you more money than the money saved from tax loss harvesting. Betterment is just investing in Vanguard funds (not all of it, but definitely a few). You could spend a few days and research investing using Vanguard, but if you'd rather not do that and are willing to absorb their fees, than Betterment is a brilliant choice. If you want to understand the basics of passive investing, The Bogleheads Guide To Investing is a brilliant book.
- brown9-2 11y agoPutting your money into Vanguard requires more investing knowledge (picking which ETF, how to spread investment) and is not nearly as easy, nice to use as betterment You could also just pick a couple of already-well-diversified index funds. In the end, the additional knowledge that Betterment offers you is only a benefit if they have higher returns than a simple portfolio of index funds after fees.