Ask the algorithm: Human wealth advisers are going out of fashion

Re:Ask the algorithm: Human wealth advisers are going out of... by toomuchtodo on Wednesday September 23, 2015 @02:22PM (#10266923)

Here's the breakdown betterment has me in for 90% stocks/10% bonds allocation:

https://i.imgur.com/IEcWuYC.png

[ Parent | on HN ]

Re:Ask the algorithm: Human wealth advisers are going out of... by kasey_junk on Wednesday September 23, 2015 @02:44PM (#10267100)

For the record that is a very similar allocation to a Vanguard 2040 target fund.

https://personal.vanguard.com/us/funds/snapshot?FundId=0696&...

You might want to a) compare the price of betterment + those funds to the target fund and b) use that target fund as your benchmark.

[ Parent | on HN ]

Re:Ask the algorithm: Human wealth advisers are going out of... by toomuchtodo on Wednesday September 23, 2015 @03:00PM (#10267253)

I pay Betterment something like ~$180/year for over $100K in assets, and it includes tax loss harvesting on my non-retirement accounts. Could I go with Vanguard and their terrible web interface with less features? I could. I don't mind paying Betterment what I do though. I don't want to waste time on managing my stock/bond assets; I just want to fund the account and have it be managed programatically.

https://www.betterment.com/pricing/

[ Parent | on HN ]

Re:Ask the algorithm: Human wealth advisers are going out of... by nerfhammer on Wednesday September 23, 2015 @04:06PM (#10267770)

Don't forget to take taxes into account. Vanguard's Target funds are not at all tax-optimized, no private wealth manager would put the total/international bond market funds in your taxable account. IMO this is one feature the roboadvisors clearly have going for them.

[ Parent | on HN ]

Re:Ask the algorithm: Human wealth advisers are going out of... by saryant on Wednesday September 23, 2015 @04:42PM (#10268022)

Target funds are also clearly geared towards people not yet at the point where that will make any difference. That's why they have such a low minimum.

They're a stepping stone until you have enough capital to qualify for Admiral funds.

[ Parent | on HN ]

Re:Ask the algorithm: Human wealth advisers are going out of... by smtddr on Wednesday September 23, 2015 @02:28PM (#10266988)

Oh, nice! Now I think I want an "Ask HN" for everyone to post their stock-allocation charts. :)

[ Parent | on HN ]

Re:Ask the algorithm: Human wealth advisers are going out of... by EC1 on Wednesday September 23, 2015 @03:07PM (#10267327)

What app is this? Is it available in Canada?

[ Parent | on HN ]

Re:Ask the algorithm: Human wealth advisers are going out of... by aianus on Wednesday September 23, 2015 @08:04PM (#10269098)

Wealthsimple is the Canadian clone. If you're interested here's a referral link that gives us both an extra $5k investment without fees: http://wsim.co/1LcrxXW.

[ Parent | on HN ]

Re:Ask the algorithm: Human wealth advisers are going out of... by toomuchtodo on Wednesday September 23, 2015 @03:08PM (#10267343)

https://www.betterment.com. I don't believe its available for Canadians unfortunately.

[ Parent | on HN ]

Re:Ask the algorithm: Human wealth advisers are going out of... by EC1 on Wednesday September 23, 2015 @03:59PM (#10267725)

That's shitty. I have some savings but have no idea how to go about investing them into anything. All seems so complex.

[ Parent | on HN ]