3 ms·

Very much appreciated! Do you self-invest, or hire a professional, or mixed? Currently I'm managing my own stocks. My employer, my IRA and other monies I'll

Very much appreciated! Do you self-invest, or hire a professional, or mixed? Currently I'm managing my own stocks. My employer, my IRA and other monies I'll never get to see.

grardb 10y ago
To start off, I used Vanguard and did it all myself, which is a great option (many would say the best). I've since switched to Wealthfront, which is also pretty cool, although some people believe their slightly-higher fees don't buy you anything[1]. I personally disagree! The general consensus from what I've read on investing is that it's impossible to beat the market consistently, so "professionals" are no more skilled than someone picking out random investment decisions from a hat :) On average, the market as a whole grows, so there's no real reason to try to risk beating it. The MMM blog covers all of this in great detail, but if you're interested in chatting more about this stuff (or if you want a referral to Wealthfront for reduced fees!), hit me up. My email is [myusername]@gmail. [1] https://medium.com/@blakeross/wealthfront-silicon-valley-tech-at-wall-street-prices-fdd2e5f54905#.d1ybm8xaq https://medium.com/@blakeross/wealthfront-silicon-valley-tec...
- sf_rob 10y ago
  > The general consensus from what I've read on investing is that it's impossible to beat the market consistently The slight addendum to this is that advisors can help with risk tolerance, tax efficiency, and explaining concepts, but as you mentioned Robo-advisors like WealthFront arguably do a good enough jobs at these topics to bridge the gap.
- toomuchtodo 10y ago
  > To start off, I used Vanguard and did it all myself, which is a great option (many would say the best). I've since switched to Wealthfront, which is also pretty cool, although some people believe their slightly-higher fees don't buy you anything[1]. I personally disagree! Interesting! I switched from Betterment TO Vanguard once I didn't need the guidance they provide (and corresponding higher asset management charges) anymore (target date funds in retirement accounts, life strategy funds in taxable accounts for extreme early retirement Mr Money Mustache style).
- FilterSweep 10y ago
  Thank you! I will reach out if I choose WF, I'll do some research between the two.

Very much appreciated! Do you self-invest, or hire a professional, or mixed? Currently I'm managing my own stocks. My employer, my IRA and other monies I'll never get to see.

grardb 10y ago

To start off, I used Vanguard and did it all myself, which is a great option (many would say the best). I've since switched to Wealthfront, which is also pretty cool, although some people believe their slightly-higher fees don't buy you anything[1]. I personally disagree! The general consensus from what I've read on investing is that it's impossible to beat the market consistently, so "professionals" are no more skilled than someone picking out random investment decisions from a hat :) On average, the market as a whole grows, so there's no real reason to try to risk beating it. The MMM blog covers all of this in great detail, but if you're interested in chatting more about this stuff (or if you want a referral to Wealthfront for reduced fees!), hit me up. My email is [myusername]@gmail. [1] https://medium.com/@blakeross/wealthfront-silicon-valley-tech-at-wall-street-prices-fdd2e5f54905#.d1ybm8xaq https://medium.com/@blakeross/wealthfront-silicon-valley-tec...

sf_rob 10y ago
> The general consensus from what I've read on investing is that it's impossible to beat the market consistently The slight addendum to this is that advisors can help with risk tolerance, tax efficiency, and explaining concepts, but as you mentioned Robo-advisors like WealthFront arguably do a good enough jobs at these topics to bridge the gap.
toomuchtodo 10y ago
> To start off, I used Vanguard and did it all myself, which is a great option (many would say the best). I've since switched to Wealthfront, which is also pretty cool, although some people believe their slightly-higher fees don't buy you anything[1]. I personally disagree! Interesting! I switched from Betterment TO Vanguard once I didn't need the guidance they provide (and corresponding higher asset management charges) anymore (target date funds in retirement accounts, life strategy funds in taxable accounts for extreme early retirement Mr Money Mustache style).
FilterSweep 10y ago
Thank you! I will reach out if I choose WF, I'll do some research between the two.