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WEALTHFRONT REVIEW: PROS AND CONS

11 019 views | 14 Apr. 2020

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Hey, today let's talk about Wealthfront!

https://wealthfront.com/

Wealthfront's Investment Methodology: https://wealthfront.com/methodology

Btw you can check their historical returns here: https://wealthfront.com/historical-performance

IMPORTANT: Remember that any of these mentioned financial institutions can change their rates and policies throughout the year. I recommend that you monitor each respective website before you open new accounts.

#EddieYoon

Xruvie

HI I’m 14 years old and I have exactly 500 dollars will I be able to invest any of it?
Edit: am i too young and if I’m not can you please tell me exactly what to do . Thanks

Black Guy

The information here is so valuable, i deeply appreciate the work youve put into this video. Im 21, never invested before (aside from the 401k), and just got my first job a month ago. I was recently looking at wealthfront as a place to start and was worried about the fees but now im a little more comfortable with it

Thank you! ?

jesuis baizuo

I'm curious if that management fee has gone down over the years due to market competition

Split_jc Gg

Why don’t they just be a bank like Wells Fargo or something

Huy

Hey Eddie, can you do a review of Vanguard Digital Advisor as well?

Bobby Poly

Thanks man very helpful!!

Sun Tex

? Thanks for this review. I was interested in opening an account with Wealthfront, however, due to all the fees it's charging its investors similarly to Betterment, I've decided to not proceed anymore. A reduction in ETFs fees will attract more investors to Wealthfront. And maybe I'd sign up for an online banking and investment account.

Thanks again! Keep up the excellent review. ??

Milone Money Mindset

I have a wealthfront account they were offering some great rates last year. I think they have a lot of great features. Great video man!

Eddie Yoon

Thanks for watching!!

Peter H. Wong

Another great in-depth review of a roboadvisor. Wealthfront is pretty nifty.

Marco Di Ianni

I like your video

Jason Reviews TECH

wealth front sucks. If the market tanks your entire investment tanks with it.

Marc Anthony

Do you have a video explaining bonds and stocks?

Optimal Review

If I don`t know anything about these complicated terminology, but let say I have $500 and I can add a little every month, would you recommend this app? I`d let it do it full automatically. Or is it a bad idea? :D

Jory Sandusky

Good insights but my lord... so. many. cuts. Your. format. is. a. bit. jarring.

Joe

Would you recommend it, As a day to day bank?

Paul Lathrop

Really clear description. Thanks!

KHS

You have an excellent way of sharing valuable information. Thanks a lot bro

Dakota Somers

Awesome job breaking down Wealthfront and their services. I made an account a year or so back for the APY (at the time was around 2.45%) and as a simple way to enter into investing. Once I realized that the .25% was in addition to the fees already included in the ETF's, I decided that I might as well cut the middle-man and go right through vanguard or the others. Plus the rates started dropping like crazy, so no point for the cash account either. It can be a great platform, for easy, simple investing, but for most of us, keeping the services separate is still more beneficial to growth.

George Gomez

Did you say that if you are feeling safe and select .5 on the scale it will put 63% or 6.3% of your money in stocks and the rest in bonds? Thanks!

Wealthfront apy

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WealthFront 2.57% APY High Yield Savings | AKA 'Cash Account'

192 views | 1 Aug. 2019

Possibly one of the best

Possibly one of the best kept secrets in the banking world, the WealthFront cash account. Cash account holders are not required to be enrolled in WealthFront's robo investor platform.

Sign up for WealthFront Cash Account here : https://www.wealthfront.com/cash

WealthFront Cash Account 'Frequently Asked Questions' : https://support.wealthfront.com/hc/en-us/sections/360003174852-Cash-Account

WealthFront video I cited : https://youtu.be/DolYBSh0tlU

NerdWallet Best Savings Accounts : https://www.nerdwallet.com/best/banking/savings-accounts

CNBC story on WealthFront : https://www.cnbc.com/2019/05/28/wealthfront-bumps-interest-rate-to-highest-in-the-industry-in-ongoing-battle-for-deposits.html?&qsearchterm=wealthfront

The Street piece on Fed Rate Cut : https://www.thestreet.com/markets/federal-reserve-cuts-key-interest-rate-in-first-reduction-since-financial-crisis-15039987

Fed Watch Tool used for Fed funds rate expectations : https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html

Thank you for watching.

John Wu

How long did it take to earn that 27 dollar interest? By the way glad you're safe from the storm

Natacha Evra

Great! keep us update let see what will happen by next week . The only thing I know it will still the highest in the market.

713skywalker

2.07% now...it was great while it lasted ??‍♂️

MaMai

It’s already 2.32% lol

Jon'z Vidz

Well, Wealthfront dropped their APY in response to the rate cut by the Fed, it is now at 2.32% : https://www.wealthfront.com/cash
The Fed expected to continue cutting rates progressively : https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html/
Still a good place to park your emergency fund. There is however an alternative at 2.55% APY with Popular Direct : https://www.populardirect.com/products/savings/popular-direct-ultimate-savings
Nerdwallet's review of Savings Accounts : https://www.nerdwallet.com/best/banking/savings-accounts
Depends on how often you want to move your money around.

Wealthfront apy

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Wealthfront vs Ally Bank (2.57% APY?)

800 views | 28 Jul. 2019

Today I'll be discussing

Today I'll be discussing Wealthfront vs Ally Bank.

What is Wealthfront?

Wealthfront is not a bank. They are an automated investment firm that specializes in asset management. Though they are not a bank, they do have something called a Wealthfront savings account. This account offers an unusually high interest rate. One of the only higher savings account rates in the industry is through a company called Betterment, though you will see why they are not a good choice as you watch the video. I encourage you to check out a Wealthfront review, but be aware of any rate changes.

The other two accounts I discuss are with Ally Bank and Marcus by Goldman Sachs. The Ally Bank saving account has a modest 2.10% interest rate, while Marcus has a 2.15% interest rate. Is it worth it to switch from one of these accounts to Wealthfront? Watch the video and decide for yourself!

Be aware that if you do choose to leave your money with Wealthfront, they can change their rates anytime and may pressure you to invest in their other "opportunities". Be aware of this and always check to make sure you're getting the best rate.

If you have any questions, please leave a comment below and respond. I read EVERY comment. Please like and subscribe! Thank you for watching!

#Wealthfront #AllyBank #HighInterestSavingsAccount

Buttery Skater

Would it be smart to have money in these banks during a recession? Would the interest go up? I'm clueless.

Tucker Green

Anyone who thought that Wealthfront 2.57% rate was going to stay, needs they’re brain ? examned for stupidity . I believe that their rate is now 2.32%. I been telling people that online banks are just hype when it comes to high interest rates. Stop being played as fools.

Money with Michael

At 4:53, I meant to say "Wealthfront over Ally". Wealthfront gave you an extra 14.58% over the full 20 years. Keep that in mind!

Niner999

Very good video