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I think it probably depends on how much you stand to gain from automated tax-loss harvesting: If you don't have the time/skills to do it yourself, strategically
by rev_bird 10y ago
I think it probably depends on how much you stand to gain from automated tax-loss harvesting: If you don't have the time/skills to do it yourself, strategically selling depreciated stocks (then, potentially, buying them again later) can cancel out a lot of the taxes you'd pay on gains elsewhere in your portfolio. If the Wealthfront fee is less than you save, seems like it'd make sense.
- notadoc 10y agoOK, but don't you think the same service will be offered fee-free from robo advisors from big banks and brokerages? That's my guess, anyway.
- sushid 10y agoDo you know of any places that offer this automated service?
- notadoc 10y agoSchwab has a free robo advisor, Vanguard has a fee robo advisor, iShares has a little robo portfolio generator. I'm sure there are others too.
- vehementi 10y agoBanks yes (as they put you into high MER funds), brokerages no