I'm pulling all my money out of Wealthfront today. I was always pleased with Wealthfront's simplicity and performance, and today took a close look for the first time at actual performance. I was shocked to see how poorly it's actually performed. Besides poor performance, there are other reasons I'm pulling out too. Wealthfront was marketed heavily to facebook/googlers and I took it for granted that it was a great modern product, better than what the banks offer. Assumptions are the termites of relationships. 1. performance is abysmal. If I kept it in S&P, did nothing at all, In 5 years S&P is up from 1600 to 2800 or a whopping 75%. In the same time my Wealthfront portfolio did an abysmal 30%. I have a 10.0 risk score selected. 2. interface is terrible. the website heavily dedicates UI to encourage you to transfer all of your money to Wealthfront by drawing retirement graphs and showing how the more money you transfer the better off you'll be (...
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