| Website |
https://www.betterment.com/ |
https://www.coinbase.com |
| Pros |
- Super-easy to setup and invest
- Lower fees (0.25%) than a traditional advisor (1%)
- Automatic rebalancing
- Tax-loss harvesting for taxable accounts
- Cash reserve account offers a competitive APY
- Joint and single accounts
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- Access to Bitcoin, Ethereum, Litecoin, Dash, and dozens of other cryptocurrencies.
- Most trustworthy and long-lasting Cryptocurrency exchange.
- Provides tax documents for cryptocurrencies.
- Allows transferring your cryptocurrencies to a private wallet.
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| Cons |
- No direct indexing of stocks
- Tax-loss harvesting’s benefits may be overstatated
- No real estate exposure
- Fees (0.25%) are higher than self-managed accounts
- Doesn’t take into account investments on other platforms
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- Very high transaction fees compared to stock market investing.
- Speculating in cryptocurrencies is dangerous, and can result in 100% loss due to hacked accounts or other attacks.
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| Promotions |
- Up to 1 year with no advisor fee (up to $100,000)
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- Get $10 in free Bitcoin by opening an account with $100.
- Earn up to $40 by going through Coinbase tutorials.
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| Fees |
- Avg yearly expenses: 0.36%
- 0.25% yearly advisor fee for all assets under management
- 0.40% yearly advisor fee for Premium Investing
- 0.15% advisor fees for assets above $2 million
- 0.07% to 0.15% expense ratios for funds (avg 0.11%)
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- $0.99 trade fee for transactions $0-$10.
- $1.49 trade fee for transactions $10-$25.
- $1.99 trade fee for transactions $25-$50.
- $2.99 trade fee for transactions $50-$200.
- 0.50% fee for transactions above $200.
- 1.49% trade fee for transactions from a US Bank Account.
- 3.99% trade fee for transactions from a Debit Card.
- Coinbase’s Fees are far higher than investing in the stock market.
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