nalto
Familiar Member
Joined: Dec 21, 2010 15:31:54 GMT -5
Posts: 777
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Post by nalto on Jun 6, 2011 13:53:22 GMT -5
Has anybody heard of or tried Betterment.com?
It seems to be an extremely simple way to invest with very little funds, but I'm a little wary of it...
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Plain Old Petunia
Senior Member
bloom where you are planted
Joined: Dec 21, 2010 2:09:44 GMT -5
Posts: 4,840
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Post by Plain Old Petunia on Jun 6, 2011 16:31:23 GMT -5
Yes, I have heard about it. It has been featured on Daily Worth a couple of times. I also recently opened an account as InBox Dollars had an offer which pays you $1 to open an account, then Betterment will give you a $20 bonus. I opened with only $10.
Looking at what they post on their site, the only fee is an annual expense ratio of .9%. This is high for ETFs, but as there is no commission, seems reasonable. You choose between a stock portfolio and treasury bills, you can do anything between 100/0 and 0/100 in increments of 10.
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