311–320 of 330 posts
For those who don't use it, it allows you to create categories and automatically deposit money into those categories at some interval. Then you can easily transfer between those categories.
I use this so that I can put some money away for expected expenses like taxes and a new car and also to budget for fun so I known what I can actually afford.
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That honestly doesn't sound like very much to take 0.25%. Maybe if you're starting out and have $10k to invest, but once you're in the mid six figures or more, the 0.25% adds up. If you buy and hold, it doesn't take much work and expenses for Vanguard ETFs are ~0.10%. Also, once you move to Wealthfront, it's hard to ever leave because of how they break things up (which, I'm sure, isn't unintentional).
A big advantage of the robos is that they time the rebalancing a little better. Manually rebalancing your own Vanguard ETFs at the same time once a quarter is pretty arbitrary - it's based on what's convenient to you , but it's not necessarily what's mathematically best for your portfolio. If your allocation percentages remain very stable, you might not need to rebalance at all at the end of a quarter. If your alloca…
In addition, Wealthfront doesn't know about all of my other holdings (house, angel investments, crypto, ...), so isn't going to do as good as I can.
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A couple questions about your service/models: 1. It seems likely your models work internally with probabilities vs binary buy/sell decisions. Why do you not have the option to expose this probability, vs just simple buy sell signal? I would think this would pair very nicely with asset allocation. Have you investigated performance when using a sliding asset adjustment (even if just sp500 future & cash) that correspond…
> I currently work overemployed at FAANG, capital accumulation focused What does this mean?
Though I think the actual best way to optimize labor-to-income is F500 Cloud SRE via B2B contract, but its hard to have to balls to pivot to that after spending so long perfecting SWE interview skills.
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> I currently work overemployed at FAANG, capital accumulation focused What does this mean?
Instead of getting good at 1 big tech job making 300k in 20-30 hours a week you get good at 2-3 and make 800k+ in 60 hours a week. Though I think the actual best way to optimize labor-to-income is F500 Cloud SRE via B2B contract, but its hard to have to balls to pivot to that after spending so long perfecting SWE interview skills.
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> At least one firm will do it for $200 first year and $100/yr after that Can you share that one? PM me if preferred. I'm on a similar quest and so far I've found pretty much everything else you've found. My wife is a high income earner too and she's happy with the 1%/yr people that she likes, but I think we can get similar results for noticeably less. Even 0.5% would be reasonable. As you know, from $1m to $2m that…
It can be hard convincing people that 1% is a big number. I assume that you are on average going to see 6-7% return after inflation. The 1% represents 15% of the return. So you give the tax collector 25% and the money manager another 15%. You can defer the taxes but the manager gets theirs once a quarter. When you are in the $1m+ AUM, it is pretty easy to explain. You are going to be paying for your kids to go to col…
It's true. My mom only has about $1 million saved for her retirement, which sounds big to anyone who hasn't done retirement planning, but it's really not enough. Growth aside, that's $50k/yr for 20 years. She's paying her advisor 2%/yr. That's $20k/yr, which is a big percentage of her annual income, and he does almost nothing. It makes me sick.
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Instead of getting good at 1 big tech job making 300k in 20-30 hours a week you get good at 2-3 and make 800k+ in 60 hours a week. Though I think the actual best way to optimize labor-to-income is F500 Cloud SRE via B2B contract, but its hard to have to balls to pivot to that after spending so long perfecting SWE interview skills.
Wait so you literally work at multiple companies? How do you manage meetings and deadlines and things like that? Surely that creates conflicts between them.
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Interesting, I started in 2017 and am up 40.58% all time today.
If you had put money in VTSAX on 1/26/2017 and reinvested dividends, you would be up 101.91% with an annualized return of 15%
Just going to move it all to $DOGE now anyways.
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They *just* launched, and they've been pushing a lot in University towns. I don't know how successful it'll be, but every single one of my friends has WS Cash, and if I ever had to send them cash I'd first ask if they'd use Cash since it's so much simpler than Interac. Unfortunately, most people say no right now since the WS Cash Card is really weak (so no point in using it) and it takes a couple of days for you to w…
There is no way this catches up to e-transfer in popularity. Everyone in Canada knows about venmo and cashapp and the various other scam versions of e-transfers that people are forced to use in America and they laugh at them for it. E-transfers are literally the best part about Canadian banking.
I'm not trying to be a shill, I personally wouldn't invest in WS since I think they're incredibly overvalued. But E-Transfer is very dated and has a lot of problems, and there is potential for a competitor to come up and replace it.
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[Disclaimer] I'm the founder of farther finance ( https://www.farther.com ) - the first digital family office. We offer this to our clients at farther - set a minimum amount to keep in your bank account, everything over set minimum gets swept to your investment accounts and invested based on how you set them up and any relevant regulatory stuff (like max IRA contribution amounts) or goal amounts. Quick note - We focu…
Do you offer your services only in the US, or also elsewhere (Europe, Asia)?
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This is honestly a huge deal - when I make an angel investment, I send a text and/or wire info via the Merrill Lynch app, and I know it will be taken care of (by the same people every time) same day or next day, depending on when I send it. That plus introductions and referrals to tax accountants, estate attorneys, etc., and access to investment vehicles I otherwise wouldn’t get (easily), definitely makes the 0.7% fe…
who do you use, if I may ask?