The Money Mustache Community
Learning, Sharing, and Teaching => Investor Alley => Topic started by: RationalReasoner on March 25, 2015, 07:56:37 AM
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What do seasoned Mustachians think of Wisebanyan?
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What do seasoned Mustachians think of Wisebanyan?
Why would I use them? Just buy an index fund and be done with it.
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I got in, and I put a whopping $500 in there for experimental reasons. Somehow I am getting my taxes done free through them (though I also did them in TurboTax so I can compare and decide which way I'll use to actually file.) But, ultimately, they'll want to sell you something to make their money. It's kind of too early to tell if their long-term value proposition will shake out. The main thing they do is just decide for you what your asset allocation should be. As long as they follow the basic tenets of simple index fund investing, that's not a big deal, but if the underlying expense ratios exceed what you'll pay owning Vanguard funds directly, it's probably not worth it.
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I started an account to compare it to betterment, which will take a while so not much learned yet.
If you decide you want to try it out you can use my referral link to skip the wait-list.
https://www.wisebanyan.com/referral/kcEwwywuD
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Thanks for the replies everyone.