3 ms·
You can get a no fee roboadvisor with Charles Schwab right now
by altpaddle 9y ago
You can get a no fee roboadvisor with Charles Schwab right now
- benmanns 9y agoSchwab does have a 6% minimum cash allocation which afaict they pay ~0.15% on. If you could have invested that at 10% nominal returns you're paying 0.591% in opportunity costs.
- Graphguy 9y agothe fees are tucked into their allocation strategy. they hold no less than 7% in cash for all strategies. They claim it smooths out returns but it's not desirable and can limit returns https://thefinancebuff.com/schwab-intelligent-portfolios-holding-cash-is-good-for-you.html https://thefinancebuff.com/schwab-intelligent-portfolios-hol...