As you may have noticed I haven’t been around much, and that’s because I haven’t been doing much investing. Over the last month or so I’ve been pretty swamped at work and been travelling on the weekends. With so little time to research stocks, I have accumulated a bit of cash. Like a lot of people, I’ve been somewhat curious about Robo Advisors like Wealthfront and Betterment, however when I look at all the Betterment Vs Wealthfront articles, all I find is charts comparing the cost structures and features…I want to know how they perform.
So here’s the plan:
I’ve opened accounts with both sites and I’ve deposited $5,000 in each one. I’ve set up the allocations of both accounts to be 90% stocks and 10% bonds. The match will last 6 months, I’ll try to update you once a month or when any major event happens. When it’s all said and done we’ll see who the champion is. One of them will likely get some more of my money, and maybe some of yours.
Talk to you soon!