Investing Blog

M1 Finance vs Betterment vs Vanguard: Robo-Advisor Comparison

January 2, 2021 By Kevin | Just Start Investing

Robo-advisors have been gaining popularity since their inception a few years ago. Today, we’ll compare three of the best robo-advisors available: M1 Finance vs Betterment vs Vanguard.

M1 Finance: The hybrid model.
Betterment: The original, full-service robo.
Vanguard: An essentials-only offering.

As a quick reminder, a robo-advisor is a type of investment platform that uses algorithms and automation to manage your investments.

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What is a Real Estate Commission?

December 30, 2020 By Ben Mizes

If you are in the market to sell your home, a good real estate agent is an invaluable asset.

Agents help their clients navigate the market and find potential buyers, and in return for their time and expertise, they charge commission fees. But what exactly is covered in agent commission fees? And what can homeowners expect to receive in exchange for these costs?

Read on to gain a full understanding of what real estate commission is, how much it costs, who pays for it, and alternative routes sellers can take if they are looking to save money.

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Backer Review: How to Start a 529 Plan

December 16, 2020 By Kevin | Just Start Investing

I’m a firm believer that investing should be easy – anyone who is interested should be able to start investing today. And in this Backer Review, you’ll see how this new Fintech company is doing its part to make starting a 529 plan easy.

Honestly, I think 529 plans are one of the most complicated areas of personal finance, which is unfortunate because it is a very beneficial account for anyone looking to save for a child’s future education.

They are complicated because each state offers its own version of a 529 plan – and sometimes more than one.

with a 401(k), IRA, or brokerage account, you know what you are getting into no matter where you live. They are a lot easier to understand and manage.

What Blooom has done for 401(k)s and Betterment for IRAs and brokerage accounts, Backer is doing for 529 plans. They are making it easy to save for college effectively.

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12 Best Investment Apps to Check Out

December 9, 2020 By Andrew from Wealthy Nickel

Looking for the newest and best investment apps? We’re here to help you find the perfect app to improve your finances.

Remember when you had to call up your broker or financial advisor to buy a stock or scan the newspaper for the latest quotes? No? Me either. But I heard it was rough.

With today’s best investment apps, all of your finances are just a few taps away. But the array of options and features can be dizzying. Do you need an individual retirement account or an individual brokerage account? Can you transfer money automatically? What about account service fees?

Set your worries aside, and let us review the best of the best investing apps, so you can decide which one is the best fit for you.

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How to Invest Your Money: A Beginner’s Guide

November 25, 2020 By Kevin | Just Start Investing

Investing is necessary to hit nearly every financial goal imaginable, including retirement.

Some people are scared of investing, but what you should really be afraid of is the consequence of not investing. There is a huge opportunity cost to sitting on the sideline.

For example, take someone who is a diligent saver and put away $10,000 per year from 25 to 65. If that person puts that money in an interest-bearing account, like a savings account, that yielded an interest rate of 1% on average, they would be left with just over $500,000.

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