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A friend of mine invested in two roboadvisors (wealthfront and betterment) at end of April and since then they have done nothing, not a single trade. Not a sing
by gauravchak 10y ago
A friend of mine invested in two roboadvisors (wealthfront and betterment) at end of April and since then they have done nothing, not a single trade. Not a single trade. In the mean while, markets have scaled new heights. Ten year rate dropped to 1.37%!. Brexit happened. The FED unlike happened. There were huge gyrations in the unemployment rate. Vanguard systematic fund VMNVX did much better.
I have worked in trading all my work life and I know how hard it is, how humbling it is, and how meaningful it is. I hate it when people sell crap as smart.
As Dean Kansky in Serendipity said "They should make pills for this."