Wealthfront Review: Get Started Investing For Free

by Sean Bryant on January 9, 2017

The revolution in personal finance is already happening. You can pay with your phone by waving it in front of a sensor. You can then recharge that phone by tapping it to an ATM. All your financial data is stored in there, and we make transactions online all the time without even thinking about it. Personal investing is now visited upon by the revolution. First, it was online brokers like Ameritrade, then it was the commission free personal trading systems, and now it is the nearly commission-free brokers who manage your account. Wealthfront is one of those brokers.

Strong general AI will be hugely disruptive, but weak, focused AI has already made its mark (think Siri). Wealthfront is somewhat similar. Their software acts as a broker that will make investment decisions for you without ever needing more input. This new area of “fintech” is known as robo-advising, as there is software, not people, updating and making investments on your behalf.

This idea of computerized investment is not new (lots of big names use algorithmic trading to make profits off lightning price changes), but this software will manage your account without any need to talk to someone and its overall goal is to make money passively on the market.

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Fake Apps and Scams
Post-Christmas sales are just around the corner and more people than ever are picking up their smartphones to get the deals. Con artists know this and are taking advantage: a wealth of online scams and fake apps have arrived on the scene to rob online shoppers of their hard-earned dollars and private information. Fake apps are frequently found in the form of counterfeits of popular stores: anything from Dollar Tree to Nordstrom. It’s not just the high-end stores that are targeted! So as great as the sales seem, don’t get caught by fake apps and scams.
 
‘Tis the season for preying on people who are hungry for a deal! Hundreds of fake shopping apps have been appearing recently on Apple’s App Store, according to a piece in The New York Times. These shopping apps are not always easy to spot, as they look like authentic shopping apps from well known retail outlets. However, many are scams targeting consumers’ data. We’re all pressed for time during the holiday season and picking up our tech to do a little last minute shopping seems second nature and an easy option. But that’s just what cybercriminals are counting on.

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3 New Financial Resolutions for the New Year

by Sean Bryant on January 2, 2017

Financial Resolutions

Most people have pretty unremarkable financial lives. You’re probably not being crushed with debt, and you’re probably not independently wealthy. If you’re somewhere in the middle, you’ve got a decent handle on your personal finances, but you could probably stand to improve in certain ways. Here are some recommendations for improvements you could make in 2017. These make great New Year’s Resolutions, and they’ll be sure to have you in better financial standing when 2018 comes around the bend.

Keep an eye on your money

Without regular oversight, it’s impossible to know what your money is doing. This happens in a lot of ways. First you need a budget. But a budget alone isn’t enough. Budgets need maintenance. This requires new budgeteers to regularly check their financial accounts, preferably once a day. When you start doing this, you are likely to find a lot of expenses that you forgot about, or that you never knew existed. The first kind you can control through personal effort, and the other one you can correct with the right phone calls. Examples include fraud from a stolen credit card number, or starting a PPI claim after you learn that insurance payments that you never wanted were being drawn from your bank account every month.

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7 Ways to Live in the Big City on a Small Budget

by Sean Bryant on December 28, 2016

7 Ways to Live in the Big City on a Small Budget

The New York City apartments that you see in TV shows may be a bit out of your price range, but that doesn’t mean you need to earn big money to live in the big apple. While Monica and Rachel’s spacious living or Carrie Bradshaw’s midtown location are off the table for small budgets, there are plenty of ways to live, and even thrive, in a big city with a slim wallet.

1. Cut Rent with Roommates

It can be awkward living with 1-2 other adults (especially if you don’t know them already), but finding a decent one-bedroom apartment can cost $2,000 or more a month. If you’re on a budget, then sharing an apartment is a great options. You can use an online tool like ForRent.com to find apartments in New York City that meet your criteria. Then you can ask around and see if there are any potential roommates who are interested in the location you selected. The service will allow them to see the amenities and surrounding location, then you can sign the lease together. Living with a roommate will certainly allow you to stretch your money further.

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5 Things That Discourage People from Creating an Ecommerce Website

Ecommerce is an exciting field full of opportunities. Many people are taking advantage of the power of ecommerce to build their own online businesses, but other would-be ecommerce entrepreneurs are discouraged from even starting.

If you want to create an ecommerce website, the only thing really holding you back is your self-imposed limitations. The obstacles you think are standing in your way are really not as big as you make them out to be. Thankfully, there are so many tools and resources available online today that can help you create your ecommerce website with ease. Though, just because resources are available to bypass the coding task, doesn’t mean you won’t encounter difficulties in your ecommerce journey.

Here are a few common sources of discouragement that stop people from creating an ecommerce website, and how to overcome them:

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3 Cheap Ways to Add Value to Your Home Before You Sell

December 21, 2016
3 Cheap Ways to Add Value to Your Home Before You Sell

Every penny counts when renovating your home. If you’re remodeling on a tight budget, renovations may seem out of reach; however, there are a handful of affordable options that will have your house guests saying “How much did you spend on that?” Leave your guests speechless and update your home with these savvy, money-saving home […]

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Betterment Review: A Better Investment Method

December 19, 2016
Betterment Review

For many young investors, the world of finances is hard to navigate.  There are so many options, so many choices, fees, dividends, taxes, rates of return… the result is that a lot of people don’t bother to invest at all. Interest rates have been low for quite a few years.  That means sticking your money […]

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