With a little extra money I have saved up, I'd like to begin investing.

I've done some research and came across these 2 platforms which offer user-friendliness and an ease of investing factor.

Can anyone hear provide me with further review of either Wealthfront or SigFig?

FWIW, I'm 24, recently completed Grad School, soon to have a steady paycheck, and have not invested for the long term before.

2 ...

Report Post

Posted by Street Hawk

Member since Nov 2014

3536 posts

Posted on 7/20/16 at 1:50 pm to sonicsam

I did a 6 month experiment between Betterment and Wealthfront and Betterment's time weighted returns were 2 percentage points better than Wealthfront, so I have decided to invest about 70% of my savings in Betterment and 30% into Wealthfront every month. I know 6 months is a short time, but I will be monitoring both accounts closely in the next 12-18 months and then move it all into one account.

Congratulations on getting started on investing by the way. Robo advisors make it very easy for people to save and charge a much lower managmenent fees than traditional advisors. THere will folks here who will try to pursuade you to build your own portfolio based on the Wealtfront or Betterment portfolio, but you can always do that after a few years. The important thing is to get started and saving with robo advisor is the right first step until you become a more savvy investor.

0 ...

Report Post

Posted by RussianFromLSU

Baton Rouge, LA

Member since Nov 2014

192 posts

Posted on 7/20/16 at 4:06 pm to sonicsam

I have accounts with Betterment and Wealthfront.

I like Betterment the most.

Up +1.1% so far (3 months in).