Free Managed Retirement Investing

December 16, 2014 at 8:42 pm Leave a comment

I recently ran across a review of a free service called WiseBanyan that lets you invest in a diversified portfolio of ETFs (a mix of stocks and bonds).

They ask you a series of questions to determine how risk averse you are, then it weights each ETF to achieve your desired level of risk.  You can even adjust this risk level manually.  You end up with an ETF blend of US Stocks, Foreign Developed Market Stocks, Emerging Market Stocks, US Government Bonds, Investment Grade Corporate Bonds, Emerging Market Bonds, Municipal Bonds, TIPS, REITS, and Commodities.  The ETF funds all have very low expense ratios (ranging from 0.08 to 0.14%).

When you get dividends, WiseBanyan reinvests them for you automatically.  If your investment mix gets out-of-sorts (due to a portion of it growing unevenly), it will re-balance it for you.  You can put in very small dollar amounts.

I had previously looked at a service called Betterment that is very similar.  The difference with WiseBanyan is that they don’t charge for their service.

In a way, this seems like an idea that should have been around already…  I mean, software is very good at doing this sort of thing.  Just have an algorithm run against every account on a periodic basis (daily, weekly), and automatically make adjustments.

The big surprise is that this service is fee free.  Honestly, this sounds like about the best after tax investment you can make for a large percentage of the population.

The only down side is that they are slowly rolling out the service.  You can’t just sign up and start investing today.  You have to sign up and you’ll get a spot within about a month, or sooner if you get 5 other friends to sign up…

I’m ready to invest… I just need four more friends, or to wait another couple of weeks.  If you’d like to help me out, please sign up for their waiting list (no obligation) using my referral link.

Advertisements

Entry filed under: General. Tags: , , , , .

Discover Cashback Bonus in Checking Robinhood – Free stock trading – Update

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed


Calendar

December 2014
S M T W T F S
« Nov   Jan »
 123456
78910111213
14151617181920
21222324252627
28293031  

Most Recent Posts


%d bloggers like this: