Recent curiosities in Robo-advior services landed my on Blake Ross’ article Wealthfront: Silicon Valley Tech at Wall Street Prices.
Which in turn lead me to Raaid Ahmad’s response to Blake’s post:
To me, the key takeaway is this:
Before I begin my response I implore readers: If you’ve been evaluating Wealthfront, Betterment, Vanguard Retirement Funds, or Schwab Intelligent portfolios over the last few months (or years) and can’t decide which to use — for the love of whatever you believe in, stop reading this post, roll a 1d4 and just pick one. They’re all better (by a large margin) than you leaving it in your checking account, spending it on something stupid, or giving it to an active advisor. Go. Do it. Now. Which one did you choose? As the Rock would say, “it doesn’t matter [what you chose, as long as you chose].” – Is Wealthfront “Silicon Valley Tech at Wall Street Prices” like this blog post by Blake Ross (Mozilla co-founder) suggests?
Both writings are reminders of why I’ll always continue to educate myself about money, and never hand over control to anyone. Money is nowhere near as complicated as it’s made to appear, and takes no more than an hour a month to manage.