Active trading websites should be regulated as gambling
Today, our friends at Dealbreaker.com have posted a feature explaining the difference between what we offer consumers here at Betterment.com and what active trading sites like E*Trade offer consumers.
“These forms of trading should be regulated as gambling,”
Betterment is different than the active trading sites because we use the principles of modern portfolio theory to model the overall market. When you have a Betterment account, its like
owning shares in every company in the U.S. As our CEO has said, “Over the long haul, your money will grow with the market,” Stein says. “That is the only gamble a smart investor ought to take.”
Read the full Dealbreaker writeup by clicking here.
Transparency check: Betterment.com is a sponsor of Dealbreaker
Personal Investing Strategies Tailored For You
We’ve long tailored customer portfolios based on factors like goal type, and risk tolerance. Now, we’re further personalizing our advice at the level of the portfolio strategy itself.
The Senate Is Planning a Tax Hike on Retail Investors. It Should Be Removed.
The Senate’s current tax bill includes a mandate that would be punitive for everyday investors. Without a doubt, the FIFO mandate should be removed from consideration.
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