| Website |
https://www.coinbase.com |
https://www.personalcapital.com/ |
| Pros |
- 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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- Best in class portfolio analysis tool.
- Smart Weighting Asset Allocation weights your investments based on the market cap of different sectors (technology, finance, etc).
- Lower variance by weighting assets based on their sector, portfolios may fluctuate less than with a traditional S&P 500 portfolio.
- A Personal Advisor to talk to. Or 2 if you have at least $200k invested.
- No ETF expense fees since stocks are invested in directly.
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| Cons |
- 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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- High advisor fees add up over time,
- Due to the complexity of a portfolio holding many stocks, it may be difficult to leave Personal Capital and manage your own portfolio.
- Will underperform the market during times when one sector outperforms for years at a time (ex: technology).
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| Promotions |
- 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 |
- $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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- Personal Capital charges a progressive advisor fee based on the amount of assets under management.
- For $1 Million and under: 0.89%.
- $1m - $3m: 0.79%.
- $3m-5m: 0.69%.
- $5m-$10m: 0.59%.
- $10m+: 0.49%.
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