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Re:UBS Acquires Wealthfront for $1.4B by lotsofpulp on Wednesday January 26, 2022 @12:46PM (#30088848)
Is there really that much utility in automating that? It takes a few clicks to move money from a checking account in Schwab/Fidelity to a target date fund or index ETF.
Re:UBS Acquires Wealthfront for $1.4B by dymk on Wednesday January 26, 2022 @12:51PM (#30088939)
There is. Logging into those accounts is a pain in the ass, and requires active effort to remember doing. Automating things like bill-pay, deposits, and other "set it and forget it" tech is the best thing since sliced bread.
Re:UBS Acquires Wealthfront for $1.4B by lotsofpulp on Wednesday January 26, 2022 @12:57PM (#30089044)
>Logging into those accounts is a pain in the ass

Just to be clear, we are talking about clicking on a bookmark, letting the password manager fill in the login info, and the clicking login or pressing enter?

>requires active effort to remember doing

Checking up on one's assets is something that should be on a periodic to do list. We even have devices that can be scheduled to alert us when it is time.

Re:UBS Acquires Wealthfront for $1.4B by dymk on Wednesday January 26, 2022 @01:49PM (#30089940)
You can try to argue that this is stuff that people _should_ be doing, but it's always nice to build technology that acknowledges the tendency for humans to avoid doing repetitive, boring, manual work, rather than pretend that not be the case.
Re:UBS Acquires Wealthfront for $1.4B by boring_twenties on Wednesday January 26, 2022 @02:45PM (#30090669)
> Just to be clear, we are talking about clicking on a bookmark, letting the password manager fill in the login info, and the clicking login or pressing enter?

Close, you forgot the part where you need to locate your 2FA device, possibly connect it to a charger and wait for it to boot if needed, and then of course actually get the 2FA code and type it into the website.

edit: Oh, and I forgot the part where if you need to boot the device, you probably have to type in the password.

Re:UBS Acquires Wealthfront for $1.4B by lotsofpulp on Wednesday January 26, 2022 @03:33PM (#30091376)
If I am using a previously used device, I do not get asked for 2FA on Schwab or Fidelity.

Also, macOS/iOS automatically fill in SMS 2FA which is nice.

Re:UBS Acquires Wealthfront for $1.4B by boring_twenties on Wednesday January 26, 2022 @03:47PM (#30091549)
Ah, that's nice, I hate sites that don't do that -- which includes the one I am currently forced to use. Hilariously, the mobile app allows using the fingerprint scanner instead of entering my password -- but still requires me to enter the 2FA code every time, which of course is on the same device, so it's not doing anything other than just wasting my time.

Don't use SMS 2FA, though.

Re:UBS Acquires Wealthfront for $1.4B by all2 on Wednesday January 26, 2022 @12:51PM (#30088925)
I have to remember to do those few clicks, though.
Re:UBS Acquires Wealthfront for $1.4B by knappe on Wednesday January 26, 2022 @12:55PM (#30089012)
Vanguard allows you to set up automated withdraws that are invested into specific funds, with one caveat:

`It’s important to note that you can only automate investments into Vanguard mutual funds.`

https://support.vanguard.com/tutorials/automatic-investments

Re:UBS Acquires Wealthfront for $1.4B by lotsofpulp on Wednesday January 26, 2022 @12:54PM (#30088991)
Should people not be remembering to login to their accounts on a monthly or at least bimonthly basis to save statements/verify transactions/check to make sure they are not being stolen from?
Re:UBS Acquires Wealthfront for $1.4B by all2 on Wednesday January 26, 2022 @03:09PM (#30090991)
I glance at account balances about once a week just out of habit. More than that requires brain power that I either lack or am too lazy to use unless I plan ahead.
Re:UBS Acquires Wealthfront for $1.4B by kaesar14 on Wednesday January 26, 2022 @12:52PM (#30088948)
There's utility in automating anything you do manually the exact same way repeatedly and regularly