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Just my 2 cents. The really exciting part about what you are doing is making 401Ks easier for businesses. The really scary thing is this whole page - https://c

Just my 2 cents. The really exciting part about what you are doing is making 401Ks easier for businesses. The really scary thing is this whole page - https://captain401.com/investment-philosophy https://captain401.com/investment-philosophy I for one don't want a startup investing my retirement fund. I just want to see a list of names that I know (Vanguard, Goldman Sachs...) that I can choose from. If you are providing regular funds as options I would make this abundantly clear and I would push your own investment strategy to the backburner. The core value-add that you are offering is making 401Ks easier for businesses.

boomshucka 11y ago
"Modern Portfolio Theory, Efficient Market Theory, and Capital Asset Pricing Model espoused by the world's leading financial economists" is also a fantastic lie. Who are these world leading financial economists? The worlds best investors believe such theories are pure nonsense. The best minds in finance do not believe in MPT, EMT or CAPM. Pure garbage written by people with physics envy.
joshpadnick 11y ago
Totally agree. Setting up a 401(k) seems hard and I'd love help. Picking the right investment fund might also be hard, but placing my savings under the management of a relative stranger feels very uncomfortable. In a world where Bernie Madoff existed, it'd be almost irresponsible to invest retirement savings with a startup. That being said, WealthFront and Betterment are basically startups, but they seem to be at a different level of maturity. Of course, I'm not sure how objective my perception is. Would a more credible looking website be all the difference?
- roger_lee 11y ago
  Just to clarify, all index funds are managed by Vanguard, and employees who want to choose their own investment allocation are free to do so. However, for the majority of employees that need help with their investing strategy, we use the same investing principles as Wealthfront and Betterment to make sure they're globally diversified and automatically rebalanced. Also, all funds are held in an SIPC-insured secure trust account by one of the nation's largest third party custodians that deals with billions of dollars -- we never touch the money ourselves.
  - danvoell 11y ago
    When I signed up for my most recent 401K, there was a really slimy Edward Jones dude pushing some fund they called the "perfect retirement fund for a mid 30 year old" or something to that effect. As soon as I asked about management fees he bumbled around and started talking about the other funds they offered. Its going to be really tough to differentiate yourself as the "best investors". Differentiate yourselves on "best 401K platform" its much lower hanging fruit is all I'm saying. Once people are in the platform use historic performance to help them make the best decisions.

boomshucka 11y ago

"Modern Portfolio Theory, Efficient Market Theory, and Capital Asset Pricing Model espoused by the world's leading financial economists" is also a fantastic lie. Who are these world leading financial economists? The worlds best investors believe such theories are pure nonsense. The best minds in finance do not believe in MPT, EMT or CAPM. Pure garbage written by people with physics envy.

joshpadnick 11y ago

Totally agree. Setting up a 401(k) seems hard and I'd love help. Picking the right investment fund might also be hard, but placing my savings under the management of a relative stranger feels very uncomfortable. In a world where Bernie Madoff existed, it'd be almost irresponsible to invest retirement savings with a startup. That being said, WealthFront and Betterment are basically startups, but they seem to be at a different level of maturity. Of course, I'm not sure how objective my perception is. Would a more credible looking website be all the difference?

roger_lee 11y ago
Just to clarify, all index funds are managed by Vanguard, and employees who want to choose their own investment allocation are free to do so. However, for the majority of employees that need help with their investing strategy, we use the same investing principles as Wealthfront and Betterment to make sure they're globally diversified and automatically rebalanced. Also, all funds are held in an SIPC-insured secure trust account by one of the nation's largest third party custodians that deals with billions of dollars -- we never touch the money ourselves.
- danvoell 11y ago
  When I signed up for my most recent 401K, there was a really slimy Edward Jones dude pushing some fund they called the "perfect retirement fund for a mid 30 year old" or something to that effect. As soon as I asked about management fees he bumbled around and started talking about the other funds they offered. Its going to be really tough to differentiate yourself as the "best investors". Differentiate yourselves on "best 401K platform" its much lower hanging fruit is all I'm saying. Once people are in the platform use historic performance to help them make the best decisions.