Profile cover photo
Profile photo
Barbara Friedberg
Barbara Friedberg Personal Finance - Save, Invest, Build Wealth
Barbara Friedberg Personal Finance - Save, Invest, Build Wealth

Barbara's posts

Post has attachment
Is Wealthfront Worth it? – Final Pros and Cons

The Wealthfront fees are reasonable at 0.25% of AUM after the initial, always free, first $10,000. This annual fee is among the lowest of the robo-advisor group.

Minimum $500 entrance fee is reasonable.

The company targest newer, younger investors just beginning their careers.

Chief investment officer, Burton Malkiel, is a well-regarded and accomplished member of the finance and investing community, and author of the classic, A Random Walk Down Wall Street.

The tax-loss harvesting offerings are relatively uncommon among the robo-advisory field.

The single stock selling plan is a welcome add on for a particular segment of investors.

The foreign-emerging market bond ETF (EMB) is an excellent diversification element giving investors a chance to dip their toe in to the foreign bond world, which is less correlated with other assets in the Wealthfront offerings. Additionally, the EMB isn’t found on many other robo’s platforms.

When you transfer in your funds, Wealthfront helps minimize capital gains taxes as your existing assets are sold. For new investors or those with small portfolios, this is a benefit.

The Path financial planning tool is a confidence-builder when you need to understand if you’re ‘on track’ for retirement.


One size fits all doesn’t fit everyone. The lack of someone to consult with may be a drawback for some investors.

It’s unclear why the energy ETF (XLE) is labeled a natural resources fund and not an energy fund. There are questions about why XLE was selected over other sector funds or why it is needed at all.

Wealthfront omits small cap and value ETFs from their lineup. These asset classes have long term evidence of outperforming the overall investment markets.

Is Wealthfront Worth It?
Wealthfront has grown to manage over $2 billion in assets. They offer transparency, tax-sensitive investing and the well regarded passive index fund investing approach all for a low fee. For new investors, it’s an excellent choice. For those with larger portfolios, the tax-optimized direct indexing is a compelling feature.

Is Wealthfront worth it? Overall, Wealthfront is worth it for those investors looking for a middle point between a DIY approach and a full-fledged financial advisor. For the wealthy users, it’s important to round out your Wealthfront investment account with a tax professional and estate planning attorney.

Post has attachment

Post has attachment M1 Finance offers a promising alternative to other investing options out there. If you’re stuck between a DIY approach and a fully automated robo-advisor, then M1 is a nice in-between solution. In particular, this platform adds depth and customization to the robo-advising market. Engaged investors, who want hands-on and easily accessible investing options, will find that M1 Finance has a lot to offer.

If you’re sophisticated enough to know what you want in your investments, but don’t want to constantly rebalance and maintain your investment portfolio, I think M1 Finance is a good alternative. (Click on the link to check out M1 Finance.) We’re all so busy today, that you need to pick and choose how you’ll spend your time. If you like to pick your investments, and like some investing inspiration as well, then I would seriously consider M1. With the low $100 entry fee, anyone can dip their toes into the investing world.

Post has attachment
Great to be featured in MarketWatch.
“When people don’t know how to start saving and are fearful of the future, they do nothing,” said Barbara Friedberg, former investment portfolio manager and author of “How To Get Rich; Without Winning the Lottery: A Guide to Money & Wealth Building.”

Friedberg is a strong advocate of saving early and often, while curbing spending that she says is the root cause of inadequate retirement funds.

“One of the biggest reasons people tend to overspend is due to our desire to appear affluent,” Friedberg said, citing advertisements that bombard us with the latest consumer electronics, new cars, vacations and houses. Social media and peer pressure can have a similar influence.

Post has attachment
Keeping up with the growing number of robo-advisors is a full-time job. After consulting on the fintech, robo-advisor topic and discovering that hybrid robo-advisors are the wave of the future, I thought I could take a breath. It turns out, that every day in my news feed there’s another robo-advisor development.

Financial advisors need to incorporate digital advisors or perish.

The stand-alone shops-Betterment, Wealthfront, free WiseBanyan, Personal Capital – are being challenged by the investment brokerage firms.

Thanks to the Visual Capitalist for creating this infographic. It seems that if we don’t watch out, all of our money will be managed by robots!

Post has attachment Having been in the investment markets for decades, I know that one-year returns for any type of investment strategy don’t necessarily tell you a lot. Yet, robo-advisors have something special going for them. Almost every automated investment advisor creates digital portfolios using Modern Portfolio Theory. That means the algorithm strives to create a mix of stock, bond and alternative funds that offer the best returns for your risk comfort or tolerance level. In plain language, most robo-advisors are structured to create efficient investment portfolios with good, long term, market-matching returns. And, if market matching doesn’t sound great, exhaustive research has shown that it’s extremely difficult to beat the investment market’s returns over the long haul and up to 70% of active fund managers fail to do so.

The companies with the best robo-advisor returns for 2016 span the field. Find out…

Who Are the Robo-Advisors With the Best 2016 Rates of Return?

Post has attachment Don’t Fall For High Fund Management Expense Ratios
Most robo-advisors have an advertised management expense ratio (MER) fee. This is the percent you pay to the automated advisor to manage your investments. It ranges from zero with WiseBanyan to between 0.49% and 0.89% for the Personal Capital Advisors specialized service. Yet, there’s another fee that every investor who buys a mutual or exchange traded fund pays, whether they’re investing in a robo-advisor or not. This is the fund’s management expense ratio.

When investing with a robo-advisor who places your money in exchange-traded funds (ETFs), you’ll also pay fund’s management expense ratio. If you’re a DIY investor who buys mutual and exchange traded funds on your own, you’ll also pay the expense ratio. This fee goes directly to the fund company, never to the robo-advisor.

Post has attachment Who Are the Robo-Advisors With the Best 2016 Rates of Return?
Condor Capital Wealth Management, of Martinsville, NJ began an experiment last year to answer the question of which robo-advisors have the best returns. They began this quest by funding various robo-advisor accounts for a fictional high tax bracket individual. Each account approximated the same asset allocation: 60% stocks and 40% bonds. Their goal was to find out which robo-advisor offered the best returns for an individual. The firm will follow these accounts over time and report on the best-robo advisor returns periodically.

The investment returns for the first three quarters of 2016 ranged from a low of 5.73% for Vanguard Personal Advisor Services and a high of 10.20% for Schwab’s Intelligent Portfolios.

Post has attachment
Best Virtual Assistant Marketing Tips-How to Become a VA-Part 2
By Barbara Friedberg in Guest Post, Make Money | 17 comments
Disclosure: Please note that this article may contain affiliate links which means that – at zero cost to you – I might earn a commission if you sign up or buy through the affiliate link. That said, I never recommend anything I don’t believe is valuable.
8 Top Virtual Assistant Marketing Tips
Guest contributor, Manette Aquino, virtual assistant
In part 1, you learned how to become a virtual assistant. Today, you’ll get tips on how to market yourself as a virtual assistant. With today’s new remote working environment there are more opportunities than ever to work from home, in your pjs and make money on your own terms. 

Post has attachment
Use Habits to Increase Wealth
“I never could have done what I have done without the habits of punctuality, order, and diligence, without the determination to concentrate myself on one subject at a time.” Charles Dickens
Who can argue with such an accomplished man as Charles Dickens? Dicken’s isn’t the only one to recommend developing habits. This article discusses the power of habits and how, with discipline and a plan, you to can achieve wealth and greater life contentment.
Growing wealthy is not a mystery. If you crave a wealthy life, you can learn to develop and practice habits which will build wealth.
The Power of Habit Leads to Wealth
Do you think it’s possible to build habits which lead to wealth?

It is widely believed that small changes, practiced regularly, lead to out-sized results. Many great accomplishments began with tiny actions, implemented again and again. There’s research supporting the financial and personal benefits of quite a few of these habits.
In an interview with Charles Duhigg, bestselling author The Power of Habit, he talks about his own habit changing wins. As a result of delving into the the study of habits he’s lost 30 pounds, runs most mornings, and is much more productive. He diagnosed his habit of eating a chocolate cookie every afternoon and uncovered that he was actually craving more socialization. Using that newly gained insight as a trigger he replaced eating the cookie with a walk around the office to talk with his co-workers. Not only is Dugigg thinner due to his habit changes, he is certainly wealthier as well, due to the success of his book.
My 96 year old father in law has a daily schedule. He plans when he eats, snacks, exercises, shops, and goes to bed. During his working life, he and my mother in law saved a part of every paycheck. Since he retired (with full retirement at age 80), he gets a juicy Social Security check and has built up savings to cover all his expenses, with some left over for emergencies. Oh, and did I mention, he’s lived on his own with no help for his entire life. I can’t help but conclude that his lifelong discipline and commitment to habit contributed to his longevity.
How Many of These Wealth Building Behaviors Do You Practice?
Wait while more posts are being loaded