Ask E. Jean: Am I Managing My Money Right in My Late 20s?
By E. Jean
As for me? I’ve transferred my “wealth” to Betterment, an automated investing service, and now robots are working for me.
Who needs a pricey financial consultant when the Betterment algorithms are eliminating human judgment, following the market as a whole, rebalancing my portfolio of index funds and ETFs, harvesting my tax losses (a tax-saving investment strategy), and machine learning and improving as they trade. As the Betterment robots get smarter, I get richer. How rich, Miss Bags? I made more money in one month with Betterment than my friend made in a decade with that chump Bunco.