Table of contents
Automated Investing
Betterment provides a completely automated investing platform, which means it handles portfolio management, rebalancing, and tax-loss harvesting without the need for user intervention.
Low Fees
Betterment charges relatively low fees compared to traditional financial advisors. The annual management fee ranges from 0.25% to 0.40% depending on the plan chosen, making it accessible for investors with smaller portfolios.
Tax-Loss Harvesting
The platform offers automatic tax-loss harvesting, which can help investors minimize their tax liabilities and potentially enhance their after-tax returns.
User-Friendly Interface
Betterment features an intuitive and easy-to-use interface that is suitable for both novice and experienced investors. The platform provides clear, actionable insights and recommendations.
Goal-Based Investing
Betterment allows users to set specific financial goals, such as retirement or buying a home, and provides customized investment strategies to help achieve those goals.
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Check the traffic stats of Betterment on SimilarWeb. The key metrics to look for are: monthly visits, average visit duration, pages per visit, and traffic by country. Moreoever, check the traffic sources. For example "Direct" traffic is a good sign.
Check the "Domain Rating" of Betterment on Ahrefs. The domain rating is a measure of the strength of a website's backlink profile on a scale from 0 to 100. It shows the strength of Betterment's backlink profile compared to the other websites. In most cases a domain rating of 60+ is considered good and 70+ is considered very good.
Check the "Domain Authority" of Betterment on MOZ. A website's domain authority (DA) is a search engine ranking score that predicts how well a website will rank on search engine result pages (SERPs). It is based on a 100-point logarithmic scale, with higher scores corresponding to a greater likelihood of ranking. This is another useful metric to check if a website is good.
The latest comments about Betterment on Reddit. This can help you find out how popualr the product is and what people think about it.
Go to betterment.com and put it in their cash reserve. You'll get a good interest rate that should help at least reduce some inflation risk. Source: over 2 years ago
If you want a less frightening way to invest, betterment.com was my gateway into investing. It has a pre-selected basket of index funds and bonds, and you can just select your risk tolerance, set up a deposit schedule, and they take care of the rest. I started with $10/paycheck 11 years ago, and now I have almost $20,000 invested as I kept increasing my automated deposits as my salary grew. Source: over 2 years ago
Also about Betterment: they too started offering crypto at exactly the wrong time, but unlike M1 they have the decency to hide it from view! If I go to betterment.com now, I don't see any reference to crypto on the main page unless you scroll all the way down to the site map at the bottom. That's something else that M1+ could offer:. Source: almost 3 years ago
Lastly sign up for a free investment app like acorns, betterment.com, robin hood etc. Once you've got your budget setup dump everything else into those when combined with your credit card buffer you can always pull back out or preferrably reduce next months investments if you find yourself low on funds one month. Source: about 3 years ago
There are muuuuuuch better options today that Edward Jones. Your "local guy" makes a living adding maintenance costs to your account. The original poster here could do really well by checking out betterment.com and just following the on-screen prompts (they offer IRAs, too). Next time you meet with your local guy, ask him how much (the exact dollar amount) he's made from the fees on your investment account...and... Source: over 3 years ago
I can withdraw all my funds from my 8%+ betterment.com return portfolio in 4 days or less. With tax penalties, but if you need 3 months of cash for an emergency, you aren't worried about taxes. Source: almost 4 years ago
Set up an account at betterment.com and let them manage your portfolio. Source: almost 4 years ago
According to the note on betterment.com, "The additional [$160M] funding will be used to accelerate the record growth Betterment has delivered year-to-date across its core retail investment products and advisor solutions, and particularly its rapidly growing 401(k) offering for small and medium sized businesses.". Source: almost 4 years ago
I use Betterment personally, but there are others that do "virtual advisor" sorts of models. Source: over 4 years ago
> I could not disagree more. For much of human history, and most of American history, saving currency was exactly how you saved value. For much of human history we pooped in the street and murdered each other with reckless abandon. That may have been how we did things in the past, but there's no reason to couple a medium of exchange (short term) and a store of value (long term). There's really no justification for... - Source: Hacker News / over 4 years ago
Check out Betterment. Real diversification (not just the SP500). Very low fees. Tax loss harvesting. Source: over 4 years ago
Betterment, a leading player in the realm of online financial services, has garnered a significant amount of public attention and diverse opinions owing to its innovative approach to investment management. As a digital-native, goal-centric investment platform, Betterment epitomizes the modern shift towards robo-advisors, designed to democratize financial planning and investment through technology-driven solutions.
Accessibility and Ease of Use: One of the most frequently lauded features of Betterment is its user-friendly interface that simplifies investment processes for novices and seasoned investors alike. Many users highlight Betterment as an ideal entry point into investing, citing its intuitive design where investors can easily set risk preferences and automate deposit schedules. This simplicity is a recurrent theme, underscored by accounts of users who started modestly and gradually increased their investments, exemplifying its accessibility for beginners.
Competitive Advantage: Betterment is often touted as a preferable alternative to traditional financial advisors, largely due to its cost-effectiveness and transparency in fees. The platform's automated wealth management solutions eliminate hidden fees often associated with human advisors, allowing users to retain more of their investment returns. This efficiency is frequently contrasted against the conventional commission-based advisory models, encouraging users to pursue self-managed financial growth through Betterment.
Innovative Features: The platform offers a suite of innovative features, including tax-loss harvesting and a diversified portfolio strategy, which resonates well with users seeking comprehensive management of their investment strategies. Additionally, Betterment has been recognized for its strategic extension into 401(k) services for small and medium-sized businesses, indicating its vision for expansive growth and adaptability in meeting varied financial needs.
Challenges and Limitations: Despite its strengths, Betterment is not without criticism. Limitations such as geographical restrictions—being available only to U.S. citizens or Green Card holders, with limited exceptions—restrict its global accessibility. Users outside the U.S. have expressed dissatisfaction due to this lack of availability. Furthermore, criticisms regarding the timing of their entry into cryptocurrency offerings suggest a cautious approach from Betterment, deliberately keeping crypto less visible on their platform.
Reputation and Trust: Betterment's approach to balancing innovation with prudent financial governance has earned it a combination of trust and respect within the investor community. By emphasizing stability and risk management, it maintains a positive reputation even amidst the volatile shifts in the financial landscape, such as cryptocurrency.
Public opinion on Betterment underscores its role as a transformative agent in the investment management industry. Its ease of use, cost-effectiveness, and the innovative feature set make it an attractive option for a diverse array of investors, from beginners to those seeking more sophisticated financial tools. Nevertheless, its current geographical limitations suggest potential growth opportunities for broader market penetration. As the platform evolves, Betterment's ability to maintain its trusted advisor status while exploring new financial solutions will likely dictate its continued success and public perception.
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