BETTERMENT REVIEW 📈 Best Robo Investing Platform? #Best Education Page #Online Earning

 Hello once again, guys, welcome back to the channel.

Hope you're havin' a great day so far.

So, what we're gonna be doing in this video today

is doing a review of the Betterment investing platform.

Now, if you've been watching my channel

for a while, you know that I did

a review of this platform back in July of 2018,

but since then there have been

a number of different updates to this platform

and new features entirely, and so I wanted to go ahead

and do an update of that review and talk more about

specifically some of these new features

and what they are offering to investors.

Now, if you guys do decide that you want to sign up

for a Betterment account, I do have a link.

It is the top link in the description below.

This is an affiliate link, you guys don't have to use it

if you don't want to, but it certainly does help me out

and helps to support my channel

and allows me to make more videos like this.

And if you are looking to learn more about Betterment,

I have a link to that other review video

in the description below, as well as

an in-depth article I've done on my blog

that's a more comprehensive review of Betterment.

But there are two main things

I wanna focus on within this review.

Number one: the passive investing strategy

that Betterment is offering to investors,

and then number two: a completely new feature

they've added to their platform called Smart Saver.

That requires a little bit of an explanation

to understand how this could benefit you.

So, number one, let's start off by talking about

the passive investing that Betterment is offering

and ultimately who are they going after?

Who is the target market for Betterment?

So, what Betterment is offering

is goal-based passive investing.

Now, by passive investing, I mean

you're not actively involved with it.

You're not out there selecting stocks,

you're not picking funds,

you're not rebalancing your portfolio,

you're essentially doing nothing

and allowing Betterment to take of all of that work for you

for a small annual fee.

Now, that fee for Betterment is 0.25% for the digital plan

or if you are interested in Betterment Premium,

which is for people who have a larger account balance,

that is a 0.4% annual fee.

Now, a lot of people hear that

and there are all these different

fee-free investing platforms out there,

and they go, "Wait a second,

"why would I want to invest with Betterment?"

but they are offering a number of features

that are quite helpful to investors and, in some cases,

they will offset that 0.25% annual fee.

So, this is basically how it's gonna work with Betterment.

Once you open an account with them,

they're going to build a custom portfolio based on you.

Based on whatever your goals are.

So, if you're looking to save for college,

if you're looking to save for retirement,

whatever it is you're looking to do,

you're gonna tell Betterment, "Here's my goal.

"Here's my current income situation,"

and they're going to build a portfolio for you

and help you stay on track to meet your goal.

A lot of people don't have this frame of mind

when it comes to investing.

They don't think of their goal at the end of the day.

But, goal-based investing really does make a lot of sense

because you understand where you are today,

you understand where you're looking to get eventually,

and this will help you break it down into steps

that you can take day-by-day, or week-by-week.

So, once you set up your portfolio,

Bettrment manages the entire portfolio for you.

All you have to do is continue to contribute

and add more money to it.

They're going to allocate the portfolio,

they're going to reallocate it as your risk changes.

As you get older, for example, you want less and less risk

involved in that portfolio,

and they're also going to rebalance it.

So, as your portfolio gets out of whack

because not all these assets are going to be doing

the same thing at the same time,

Betterment is going to rebalance your portfolio

making sure you're not overweight or underweight

in certain assets.

Now, above and beyond that, Betterment also offers

automated tax-loss harvesting,

which is one of these features that can save investors

a substantial amount of money.

And, this is kinda a complicated subject,

I'm not get into it in this video,

but we talked more about tax-loss harvesting

in my review, but essentially, it's a way

for Betterment to find ways to cut down

on your tax bill at the end of the year

by recognizing small capital losses on your investments.

And this is something being offered by Betterment

that you're not gonna find

with comparable free-investing platforms out there.

Now, one of the biggest perks of Betterment

is that they have a $0 minimum balance,

meaning if you have $5 or $100

and you want a well-balanced, diversified portfolio,

they will build that for you.

And this is kinda the gap

that Betterment is looking to fill here,

is people that want professional guidance with their money

but they don't have enough to go to a financial advisor.

If you go to a financial advisor with $100 bill

and you say, "Hey, I'd like you to invest this for me."

they're gonna laugh and tell you

to go buy lunch or go buy dinner

because it's not worth it for them to take on that account

because they're actively involved.

Since Betterment is a robo-advisor,

it doesn't cost them any more money

to add new accounts to the system,

meaning that they can take on as small accounts as possible.

They could take on someone with $5

if someone absolutely wanted to do that.

So, Betterment essentially fills that gap there

of people who are looking for guidance with their money

but they may not have enough to go to a financial advisor,

or it's people who are fee-sensitive

and they don't want to be paying

0.1% to a financial advisor.

And then Betterment is going to take your money

and they're going to be investing it

in low-fee index funds, they typically use

Vanguard products or iShares products,

and these are some of the best index funds on the market,

and that's ultimately going to help you keep

more of your hard-earned money and pay less in fees.

So, that is the Betterment goal-based

passive investing in a nutshell.

Number two, let's talk about a big game-changer here

and something totally new to this review,

and that is Betterment's Smart Saver.

Betterment's Smart Saver is essentially

an automated cash management solution,

and it gives us a good answer to that question

of what do we do with our savings?

What do we do with our emergency fund?

Because a lot of us have savings

or we have an emergency fund,

and we don't want to invest that in the market

because we're gonna need that money in the short term,

but we also don't wanna leave that money

sitting in our bank account being deteriorated by inflation.

So, that is where Betterment's Smart Saver offers

a really good solution to that, which is taking that money

and investing it in very low-risk short-term bonds.

So, this is bascially how Betterment's Smart Saver works.

It's optional, meaning you don't have to use it

if you don't want to as a Betterment customer,

but basically, once you start off,

you connect Smart Saver to your bank account,

and then your spending is going to be analyzed.

Once they have an idea of how much money you're spending

every single month, they're going to start sweeping

the extra cash into your Betterment account automatically

and they're gonna be analyzing the levels of your accounts.

So, if your checking account gets too low,

they will automatically move more money back

into your bank account, that way

you don't have to worry about overdraft

or any issues like that.

But what they're doing is they're taking that money

and investing it in very low-risk bonds.

It's a portfolio of short-term U.S. treasuries

and short-term corporate bonds.

Now, right now, that is paying an after fee yield

of over 2%, the yield changes every once in a while,

so I'm gonna have a link down below where you guys

can click and see the updated yield for Smart Saver,

but the most important part here is that

you're earning a return on your cash,

you're keeping it where it's still

a pretty liquid investment that you have easy access to,

and you're not losing your buying power due to inflation.

Now, I've actually met the people at Betterment,

I've been down to their New York City office,

it's a really amazing place, and I remember

sitting down with them and talking about Smart Saver

and what they're looking to build here,

and they're best analogy for me is that

this is like the self-driving wallet,

where you don't ever have to really open up

your bank account because everything is moving on it's own.

The money's automatically being swept into Smart Saver,

that way you're savings are earning interest,

and it's going automatically back

into your account to pay your bills, that way

your buying power is being protected.

And you can also fully automate your investing

with Betterment where maybe you wanna do $50 a week

or $500 a month, you can essentially automate

the entire process and then never have

to think about your investments.

So, my best way to explain Betterment

is it's peace of mind for 0.25%.

So, if you're comfortable with paying

that 0.25% asset fee or management fee per year,

you essentially don't have to think about your investments

at all or your uninvested cash.

You know that Betterment is helping you

preserve your buying power with Smart Saver,

and they're investing your money in a goal-based,

passive investing portfolio and helping you

eventually realize your goals.

But anyways, guys, that's gonna wrap up

this review video here.

That is essentially what Betterment is offering.

And, a lot of people using this service

are people that have a small amount of money,

they want some professional guidance

but they don't have enough to go to a financial advisor

or they just don't want to pay the high fees.

They would rather have an automated solution

that is not costing them nearly as much money.

And like I said, if you do want

to learn more about Betterment,

I have my full review article in the description below,

and if you do decide you wanna sign up,

it is the top link in the description below

if you guys wanna help me out and use my affiliate link,

but again, that is totally optional.

Thanks so much for watching this video,

I hope you enjoyed it.

If you did, make sure you drop a like

and I will do my best to answer any questions

you guys have as well, so go ahead

and leave your comments down below.

But if not, I will see you in the next video,

and I hope you have a great rest of your day.

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