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If you’re like me and tired of your savings just sitting in an account, I’d highly recommend Wealthfront. Details in thread.
Here's your referral link to get $5K managed for free when you fund a Wealthfront Investment Account. Learn more and redeem at: https://www.wealthfront.com/c/affiliates/invited/AFFA-OZ82-MY27-6ZGK
Here's your referral link to get $5K managed for free when you fund a Wealthfront Investment Account. Learn more and redeem at: https://www.wealthfront.com/c/affiliates/invited/AFFA-OZ82-MY27-6ZGK
The best savings accounts right now are bringing about 0.5% interest, and Wealthfront is bringing about 10% (you can just Google their historical data and see everything very easily).
Wealthfront is an investment account that automatically invests your money in ETFs (basically index funds that money can be reallocated between anytime during the day), which means you can withdraw at any time.
They give you a score based on your answers to a short quiz, but you can manually change it (looking at their historical data, the best scores seem to be either 9.0 or 9.5). This tells their algorithm how to divvy up your money.
They automatically invest and reinvest your money, so you literally have to do nothing after you fund the account. They also maximize everything for your taxes, and info can be automatically imported into TurboTax (or just print the form and manually put it in elsewhere).
Their fee is just 0.25% (all percentages mentioned are yearly) which is as low as you’ll find, but you get your first $5,000 managed for free if you use my link and an additional $5,000 for anyone who uses your link and funds their account with any amount of money.
I’m not just trying to get more money managed for free from this thread. I really believe this is the best way to have your money grow (savings account interest is basically nothing and investing in individual stocks is pretty risky).
The link may take you to their website, but I think you can download their app first then click the link if you want to do it that way. Also, full disclosure, I’ve had this for a month and already made 3% (which is a 36% pace). If you have any questions, feel free to ask me.
