If you’re a reader of the blog, you might think I am biased to think roboadvisors are generally a bad idea because I’m an adviser when I’m not slapping my hands on the keyboard. And maybe you’re right, but it’s really a bit more nuanced than that. Continue reading
“Nobody rings a bell at the top, or bottom” Continue reading
Life repeats itself mindlessly — unless you become mindful, it will go on repeating like a wheel. That’s why Buddhists call it the wheel of life and death — the wheel of time. It moves like a wheel: birth is followed by death, death is followed by birth; love is followed by hate, hate is followed by love; success is followed by failure, failure is followed by success. Just see! Continue reading
(Disclosure: I’m not receiving any remuneration to be talking about any of these firms; I share because I care. Your results may vary.)
This would’ve been the post that was part two in my “Roboadvisor Guide” series, but then Adam Nash, CEO of Wealthfront, wrote a blog post about the ills of their latest competitor, Charles Schwab’s new robo-advisor product. (I’ll return to my original series next week)
A lot of people liked his post, and I read it too. I liked parts. I laughed, I cried…
Maybe I’m dating myself with the Mutual of Omaha reference, but four years ago, almost to the day, I began working on a series about the types of people you’ll likely run into within the walls of your local bank branch or brokerage firm. It was pretty well received back then, and a ton of fun to write. Continue reading
But, at what point do we see a big bank or brokerage firm (where TRILLIONS of dollars and MILLIONS of accounts are NOW) decide, “Hey, maybe we should offer a robo-advising service too?” Within a year or two using some simple reverse engineering, hugely profitable balance sheets, massive infrastructure, and tons of people…RoboGroup lives. What, you think they’re busy eating crayons? You think they don’t get the same “Millenials hate everything” reports? No, they’ll move when they want to. They’ll move when they see it’s profitable.
Let me be clear about something before we get too far into this. First, this is one of the longest posts I’ve ever written — sorry. But hopefully it’s worth it. And I warned you… Continue reading
I’ve been doing some research and thought I’d share this. Disclaimers… Not investment advice, not necessarily free of errors. Using Morningstar and latest 13F (as of 12/31/14). Benchmarked against S&P 500 (total return)
I’ve been doing some research and thought I’d share this. Disclaimers… Not investment advice, not necessarily free of errors — I also substituted an equal amount of dollars as SPY once individual stock positions started getting smaller because these positions are from their tax-loss harvesting software, designed to basically mimic the S&P 500 (you can call me lazy, but I didn’t want to enter another 399 positions).
Using Morningstar and latest 13F (as of 12/31/14). Benchmarked against S&P 500 (total return)