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I have both Betterment and Vanguard accounts. I haven't bothered to consolidate yet because Betterment is trying to add value to justify the fee with features l
by dguo 9y ago
I have both Betterment and Vanguard accounts. I haven't bothered to consolidate yet because Betterment is trying to add value to justify the fee with features like tax loss harvesting, and I haven't decided if it's worth it or not.
With regards to my friends though, my priority was to get them to invest in the first place, and the user friendliness of Betterment helped a lot.
- kelnos 9y agoYour friends can't exercise some level of long term financial responsibility unless they're presented with pretty graphics and a slick UI? The lack of financial education in the US really makes me sad sometimes. And it pisses me off that companies like RH will take advantage of that.
- dguo 9y agoI totally share[1] your feelings on the lack of financial education. In defense of my friends, they already knew to fund their 401(k)s. The question was what to do with their free cash. And considering the risk of losing money, any amount of friction (like a bad UI) can make it easy to procrastinate. [1]: https://twitter.com/dannyguo/status/961684866285924354 https://twitter.com/dannyguo/status/961684866285924354