Tuesday, October 18, 2016

Wise Banyan

Robo investing is becoming a fad these days. Everyone is aware of betterment and wealth front. I recently came across Wise Banyan.

WiseBanyan is a lot like betterment and wealthfront. However they do not charge fees. Fees is charged for tax-loss harvesting and other specialties (i.e. their business model). They are limited in types of accounts available. I personally love it. Zero fees. I am not too worried about Tax-loss harvesting.

The portfolio that wealthfront generated for me was not too diversified. WiseBanyan was better. Betterment was the best.

Please take a look @ wisebanyan

Thursday, October 13, 2016

Money Market accout

Even though the interest rates are at historical low I keep looking for places to park my emergency cash. I have a Capital One 360 savings account ... has an interest of 0.75% APY.

It was recently that I came to know about Capital One 360 Money Market account which pays 1.0% APY. So, I wanted to share that with everyone else. It seems like it was started in March 2016.

Features:
NO FEES
FDIC insurance up to the maximum allowed by law

P.S 10,000 and higher nets you 1.0% APY. Lower amounts give 0.60% APY (Better off with savings account).

Account Balance Annual Percentage Yield (APY)
$0 - $9,999.99 0.60%
$10,000 or more 1.00%


Click: 360 Money Market


It's really simple if you already have a 360 account. If not it might be worth looking at GS Bank.
Savings: 1.05% APY
No minimum deposit
FDIC insurance up to the maximum allowed by law

Monday, October 3, 2016

Individual stocks

Today is a great day. I finally sold out of my positions in AAPL and MSFT. Now I own only VFC. Honestly I sleep better.

The only way to tame the stock market is to stay invested with cheap index funds.