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Robo Investing

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  • Avatar WorkforFIRE 
    Participant
    Status: Physician
    Posts: 45
    Joined: 11/22/2018
    Splash Refinancing Bonus

    Any thoughts on Robo Investing like Wealthfront?

    Also, Wealthfront has 2.57 savings account that they announced recently. Thoughts on this?

    #227853 Reply
    Lithium Lithium 
    Participant
    Status: Physician
    Posts: 1130
    Joined: 02/15/2016

    Start with a forum search.  tl;dr much easier and cheaper just to buy TSM and TISM at a discount brokerage.

    Opened the Wealthfront savings account a week ago.  So far no problems and seems like the best rate available.

    #227865 Reply
    CordMcNally CordMcNally 
    Participant
    Status: Physician
    Posts: 2475
    Joined: 01/03/2017

    My thoughts on the savings account is that somebody will likely beat that in a few weeks. I’d probably pick a decent savings account and stick with it or else you’ll spend quite a bit of time continually chasing the best rate.

    “But investing isn’t about beating others at their game. It’s about controlling yourself at your own game.”
    ― Benjamin Graham, The Intelligent Investor

    #227887 Reply

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