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Adding Betterment or Wealthfront in addition to Vanguard account

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  • RJ
    replied
    Betterment is a small part of my portfolio and was more of an experiment. I have a much larger portfolio with Vanguard.

    On related note. If I decide to liquidate Betterment and transfer funds to Vanguard, do I pay capital gains? Or is there a way to transfer to Vanguard directly?

    Leave a comment:


  • spotty_dog
    replied
    So, VTTHX is Vanguard Target Retirement 2035. Right now it's at about an 80/20 AA. If you had put $10,000 in VTTHX on May 1, 2016, it would be worth $12,780 today. So in a manner of speaking you could say it'd be up 27% since inception. Just sayin'.

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  • RJ
    replied
    80 stocks/20 bonds. TLH ~$1200 this year.

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  • childay
    replied
    And how much tax loss harvesting?

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  • spotty_dog
    replied




    I am still with Betterment. I have about $178.xxx in it now. Last year, I paid $278.04 in fees. Portfolio is up $14% since inception. How does that sound?
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    What's your asset allocation? Just the rough equity/debt split.

    Leave a comment:


  • RJ
    replied
    I am still with Betterment. I have about $178.xxx in it now. Last year, I paid $278.04 in fees. Portfolio is up $14% since inception. How does that sound?

    Leave a comment:


  • ddscook
    replied




    OP here. So I broke down and put some $$$ into Betterment last night. Wish me luck!
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    So now that it's been almost 2 years, how do you feel about going with Betterment?

    I have a friend who's very happy with Wealthfront and been trying to get me to join for a while. I'm still doing things the old fashioned way, simple Vanguard accounts, invest and forget, move on with life.

    But just curious how you feel after the advice you got here and 2 years into the process?

     

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  • Zaphod
    replied




    Nope, nope, live in a condo actually. Bought at the right time and it appreciated ~40% in 2 years. But its in the best school district in town. No garages to fill, but I have 2 parking spots. You should research Bugattis- it’s live car art.
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    I dont get why people act like BMW, Lexus, and Mercedes cars dont have reasonably priced vehicles if youre not going crazy, or buy a few years out from new.

    I wouldnt want to own a Bugatti, I couldnt imagine trying to contain that kind of power effectively. Even the Viper was a beast (and uncomfortable), I cant believe people drive some of these cars daily.

    Leave a comment:


  • RJ
    replied
    Nope, nope, live in a condo actually. Bought at the right time and it appreciated ~40% in 2 years. But its in the best school district in town. No garages to fill, but I have 2 parking spots. You should research Bugattis- it's live car art.

    Leave a comment:


  • VagabondMD
    replied




    Mortgage is something I used to deduct $50 K off my taxes lol. Any car you can imagine ha? Wow, I wish I could write a $2,000,000 check for Bugatti Veyron.
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    You obviously live in a much more expensive house than I do, and my imagination is obviously not as vivid as yours. I have never heard of that Bugatti thingie.  I guess when you live in a big money house, there are a lot of garages to fill, neighbors to impress, etc. It's a better deal to not pay mortgage interest. The hook of deducting the mortgage interest is a con.

     

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  • RJ
    replied
    Mortgage is something I used to deduct $50 K off my taxes lol. Any car you can imagine ha? Wow, I wish I could write a $2,000,000 check for Bugatti Veyron.

    Leave a comment:


  • VagabondMD
    replied




    IMHO it’s all about balance. If you have an emergency fund, maxed out your pretax space, happy with your mortgage situation, got all your insurances lined up and comfortable with monthly contributions to your taxable account, why not get a Lexus? We all work very hard and one never knows what will happen tomorrow. Case in point: I am a specialist, one of my regular referring PCP in his early 40s developed a brain bleed during the flight to a conference. Only known pre-existing issue was high blood pressure. Unfortunately, now we are talking not being able to hold his head on his own. Very very tragic. So, yeah, maybe a little Lexus while you can is not such a bad idea…
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    I have owned inexpensive cars, and I have owned expensive cars. I can comfortably afford to drive any car I can imagine, but I find that I am much happier driving an inexpensive car and using discretionary money for activities and travel. Studies have shown that buying stuff does not create as much happiness as buying experiences. I would rather have my brain bleed hiking in the Rockies or the Alps than stroking out while driving a BMW. Better to take more time off and chill than drive one's Lexus from hospital to clinic to ASC to ... As they say, YMMV ("Your mileage may vary.")

    PS What mortgage?

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  • RJ
    replied
    IMHO it's all about balance. If you have an emergency fund, maxed out your pretax space, happy with your mortgage situation, got all your insurances lined up and comfortable with monthly contributions to your taxable account, why not get a Lexus? We all work very hard and one never knows what will happen tomorrow. Case in point: I am a specialist, one of my regular referring PCP in his early 40s developed a brain bleed during the flight to a conference. Only known pre-existing issue was high blood pressure. Unfortunately, now we are talking not being able to hold his head on his own. Very very tragic. So, yeah, maybe a little Lexus while you can is not such a bad idea...

    Leave a comment:


  • VagabondMD
    replied







    OP here. So I broke down and put some $$$ into Betterment last night. Wish me luck!
    Click to expand…


    Retirement planning is all about risk management and planning.  It can be quite boring, and should not involve (much) luck ?
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    Agree...but the greater factor of good planning is the behavioral piece, committing the money to the investments, not to the luxury goods. You can achieve financial independence much sooner adding an extra $750/month to your Betterment account than diverting it to your Lexus dealership.

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  • litovskyassetmanagement
    replied




    OP here. So I broke down and put some $$$ into Betterment last night. Wish me luck!
    Click to expand...


    Retirement planning is all about risk management and planning.  It can be quite boring, and should not involve (much) luck ;-)

    Leave a comment:

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