Wealthfront Review 2018: The Easiest Way to Invest - YouTube

Alright, so far I've explained the power of compound interest and I told

you why you need to invest your money , so if at this point you still aren't sold

and you aren't planning on investing your money, let me tell you this.

I've stumbled upon the easiest way to invest your money. Now what I'm going to explain

today is called Wealthfront and they have quite a few competitors

but I started using wealthfront just to try it out a couple months ago and so

far I have had excellent returns and a great experience. So if you are someone

who doesn't want to take a hands-on approach who knows they should invest

their money, but they don't want to have any hassle they just want to have

someone invest their money for them, then this is a great option.

Now Wealthfront is a robo-advisor and there's been a huge trend in

robo-advisors lately because they're easy to use and they have low fees, but

wealthfront has been the one that I've been experimenting with and I will put a

link in the description if you're interested. They have an excellent

website and a lot of information. I read up a lot on the company and I think their

investment principles are fantastic. They kind of take a more conservative

traditional approach so I'll walk through this because I

want you to see how the platform works. I just want to show you what it would look

like if you created an account and so that way if you decide that you do want

to invest your money, you can see how easy it is and how good the returns

actually are. So with that said, let's get started. So if you click on my

path up here at the top, it's just gonna take you to the dashboard. This is what

it looks like when you log in every time. Alright, so we're gonna go over to

accounts now. This is just where you can go to all of your different accounts so

right here, this is your personal account. This is your Wealthfront account. When

you deposit money into Wealthfront, this is where it goes. They're gonna invest

the money for you so you can see that I started back November 9th with $500 and you can

see the top line here is how much your portfolio is worth and the blue line is how

much you've actually deposited. So we can see I've added quite a bit of money since

then. You can see that as right now I have $4,200 invested and my portfolio is

worth $4,363 so I'm up about $163.72.

which is outstanding. You can see that my money weighted return is 9.61%

which is fantastic. So this is the actual portfolio that

they invest in. When you go down, you can see how it's actually broken up so

I have 34% stocks and 24% foreign stocks so you can see they have

it diversified across US stocks, foreign stocks, emerging market, dividend, natural

resources, and bonds. Now notice down here, my risk score is 8.5. I'm

gonna go over this later but when you're registering for an account, this goes

back to my risk tolerance video, if you haven't seen that check it out, but

they're gonna ask you a couple questions to kind of gauge what your risk score is

and that's gonna determine what you're actually invested in. So I have a higher

risk tolerance so I have more invested in stocks whereas someone with a lower

risk tolerance is gonna have more invested in bonds. You can also click on

here and it's very transparent. You know what they're investing and although you

don't have control over what they invest in, you can see what they are investing

in. So you can click here on the Charles Schwab ETF and see what that's invested

in. So if we go down here we can see that it's invested in Apple, Microsoft,

Amazon, Facebook. Those are the top holdings. You could go down here and see

other competitors that are leading the industry and you can do that for all of

these, so bonds, you can see what bonds they're investing in. Very transparent,

you know what they're investing in and you can also see how each one is doing.

So on the right hand side here, we have tax loss harvesting which all of these

if you don't know what they mean or you forget what they mean, it gives you a

nice description of all of them. So they have daily tax loss harvesting which

will help you when tax season comes around. That's a really nice feature to have. You

don't need to worry about direct indexing unless you have more than a

$100,000 in there. Some people like to put their 401ks or IRAs in here

which is also really nice and one thing that I have turned on is automated

deposits. So in the last video, I mentioned that automation can really

help you with dollar cost averaging. Now this is really nice because I have it

set to invest a certain amount at the end of the month every single month so

it doesn't matter if the markets up or down. I know that at the end of the month,

this much is being invested and they also have commission free trading

which is really nice because the fees are low and I'll talk about the fees in

a little bit. Down here, it's just your performance which I already showed. You can

click on years. I haven't had it long enough to really have it broken down by

the year. This is cool because it tells you when you have any tax loss

harvesting done or you have any dividends or when you invested when

recurring deposits were invested, so it really keeps you up to date on your investment.

Down here on linked accounts, so the other thing that's nice about

Wealthfront is it's kind of like an aggregate for

all of your investments so instead of having to go to your banking app, your

Wealthfront app, if you have maybe a different platform that you invest from,

you can link them all in this account so when you log on you can see your total

net worth. Now I have my other investments turned off for this video so

this $4,364 is just what I have in my Wealthfront account but if you go down

here to your linked accounts, you can link your bank account, you can

link your credit cards, so it'll subtract what you owe on your credit cards, you can

link any real estate, you can link if you have fidelity or any other

investment platforms, and it'll total all of your assets up and

put it here in your net worth. So it's super easy to link an account, all you do

is click link account. I have PNC so click here and just log in like you do

online for PNC and it connects it in probably 30 seconds to a minute. It's very easy.

This is the dashboard so I guess we'll go over the dashboard now. I don't

really have the retirement feature set up, but what you do is you can set up

your retirement. It'll ask you some questions and will tell you what your

net worth will be at retirement. Now this factors in your investment

returns so if you have any recurring deposits set, it'll tell you how much

you'll have at each age so that's a really cool feature and they are adding

some more features like buying a home saving for college,

some nice milestone things.

Over here you can see that they recommend how much to save a month

so I actually haven't looked too much into what this is.

Okay so we don't have to worry about that too much but they make it really

easy to invest your first amount. Now there is a $500 minimum

to invest in Wealthfront so that means that if you're gonna, invest you

have to have at least $500 but that's where I started and

it's been doing really well so far. Another option is you can transfer from

another brokerage, so if you are using fidelity Charles Schwab, It'll trade

whatever you're using. You can transfer over to Wealthfront for free. Okay moving

along the top you can see they have documents. Like I said, it's very transparent.

They're gonna give you everything you need for tax season along with your

trading history. You can see any pending transactions or transactions that have

occurred in the past so you have a complete history of everything that's

happening and like I said, transferring cash is

really easy. So the reason that I say this is the easiest way to invest your

money is because registering account takes probably a half hour or less, you

just do it online. All you have to do to start investing is connect your bank

account and transfer the funds which usually clear within a day or two. It's

so easy. So all you do is hit invest your money, you're gonna link your bank

account, you're gonna say how much you want to transfer, and then you're gonna

deposit it, and like I said it does not take too long, so it is incredibly easy to get started.

Okay so there you go, that is the dashboard. That is pretty much the main layout of Wealthfront.

As you can see, some of the pros are that you can link all your accounts, the

returns have been outstanding, it makes it so easy to get started to invest in

recurring deposits, there are a lot of pros. Like I said, I agree so much with

their investment methodologies and their strategies. I think that they're a very

intelligent company and they're doing a fantastic job. Now what I do want to go

over real quickly is the fees and I want to talk about the referral link that I'm

gonna put in the description if you are interested. So Wealthfront fees are

point 0.25% a year which is incredibly cheap and that's another Pro

to using Robo-advisors. It is very cheap for them to keep track your money so with

this referral link, they give you your $10,000 free in

assets managed for life so if you have $10,000 in there you will

never have a fee on it for the rest of your life. Now, if you use my referral

link, they will give you an additional $5,000 in assets managed

for free. So if you sign up through my link, you will have $15,000

managed for free for life which is an excellent deal, but like I said, you do

need that $500 minimum to get started. So look out for that link in

the description and I highly encourage you to look over their site if you are

interested in investing. You can just do that by going to

www.wealthfront.com. Like I said, I've had a fantastic experience with Wealthfront.

I know there are competitors like Betterment and Acorns which I also really love, WealthSimple,

but like I said, I've used Wealthfront and it's been great so far.

Check it out if you're interested and I will give you an update on my progress

in the future, probably a couple months from now, but so far I've made over $100

and I'm up about 9%, so about $163.00 on a

$4,000 investment, so with said, that's a review of Wealthfront.

Hands down the easiest way to invest your money. You can get started today and

have your funds trading in less than, you know, a couple days and you can do it all

online. So I encourage you to sign up and I'll see you in the next video!