[Katherine]

Can someone advise me on a better investment account to automated Wealthfront investing. I’ve had some money in there for a few months and the return is showing to be about 2.6%.

Obviously, I’m looking for something better. I had Schwab before but not sure if I like them either.

I all of my retirement funds in Fidelity and like their interface but I’d like to spread my money around a bit, if that makes sense because from my understading, only so much of it is insured by FDIC.

Thanks.

[J.C.]

Where you hold your money, assuming it is with a low cost broker, has little bearing on your return. *WHAT* you invest in determines your return.

I recommend low-cost, highly diversified, passively managed index or ETF funds.

Either the S&P 500 or the Total Stock Market balanced with a Total Bond fund in a ratio (asset allocation) that lets you sleep at night.

[Mark]

It’s not the account. It’s the funds. R u sure it’s invested? What is it invested in? U need to know these answers before u make any moves

[Valerie]

WealthFront HYSA are 4%. Are you just invested in a stock or fund that is not doing well? Timing the market is a mistake. Let it ride.

Switching between companies won’t change anything.

[Jay]

Most people will probably recommend Vangaurd. Their mission is good.

I personally use Schwab and haven’t had any problems with them.

[Kyle]

All spreading it around does is give you more logins, passwords, and tax documentation. I’d encourage picking one whose platform you understand and like.

Also, your returns aren’t low because of the brokerage you use, it’s the funds you purchase at said brokerage that matter.

That being said 2.6% every couple months is over 12% a year. Thats a win in my book

[Aaron]

It’s not obvious to me why you are looking to change the account. Can you explain more what the concern is that you have.

[Frank]

Just use Fidelity. The FDIC does not insure brokerage accounts. The SIPC does that.

[Johnathan]

What exactly are you expecting to happen over that time frame that would leave you satisfied? The S&P 500 is up 1.4% over the last 3 months.

The better question is why are you judging investment performance based on just a few months?

[Sean]

2.6% in a few months is good, what is your expectation?

[Author]

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