hello i'm Wanderer001 and it's a little late but this is my 6.5 year update for using wealthfront
now part of the reason that i really haven't done an update exactly at six months is well
one the markets have just been terrible this year no matter who you're invested with two
nothing has really changed with wealthfront and that is saying something considering that we are
now looking at the ubs buyout being complete i did get two emails back in may letting me
know that they were doing this transition but nothing has changed with wealthfront as of right
now filming the end of july 2022 now that can be seen as a good thing which most would because well
hey that means that ubs didn't do anything to mess with wealthfront after the acquisition
but like i was saying there really hasn't been anything new and exciting to talk about with
wealthfront realistically i'm on my personal cash account page here because that's where
interesting things happen and that's this right here the apy for wealthfront has gone
up a few times since the start of this year and probably after filming will go up again if
the fed does increase the interest rate back in march they increased the cash account to 0.35
still very low but nice in april i got an email saying hey they added a bunch of new etfs and
they were up to 240 now that you could pick from and they were highlighting things like metaverse
carbon allowance and the nasdaq 100 so if you're interested and you're trying to do your own thing
and not let wealthfront do its smart technology you can start picking things on your own in may
beginning of may they increased the interest rate again to 0.85 and then in june about mid-june we
are currently sitting at the interest rate of 1.40 that probably will go up again as i stated before
but right now based on what i've seen this is actually one of the stronger online savings
accounts that you can have if you're looking to actually keep your money in an online savings
account high yield online savings that's really the big thing that happened in wealthfront is
the increase of this and the fact that nothing actually happened with their buyout but because
this is one of the most tumultuous times in recent history for investing in general uh let's take a
look at my number and we'll start off with my roth ira just a reminder this is set at a risk
tolerance score of 6.5 with some mild tweaking on my part uh taking some of the bond assets and
adding them up into the stocks up here we can see i'm actually still green and again that's based on
hey i started this six and a half years ago and what i'm currently looking at if we come to 2022
you could see as of right now everything is down i am down 18
in this portfolio you can see u.s stocks down 20 foreign stocks 20 emerging markets 17
dividend growth down 15. real estate down 20 corporate bonds just about 15 and foreign markets
down 22 keep in mind pretty much no matter where you are right now you're gonna be seeing numbers
like this but if you're investing for the long haul like i am this is my roth ira you can see
i'm still in the green so if i come over here and open it up we get better information we get our
time weighted we get our money weighted and then overall all the dividends that i've gotten since
i've opened this account so if we look at our time weighted currently we are sitting at 61.79
based on my previous i was at 87.99 now this has gone down but i am still in the green if
we come down to our money weighted we can see i'm at 31.58 i'm up 31.58 but money weighted
before was 82.75 so that's almost a 50-point uh difference right here again that's not saying that
this is bad but this is one of the really first times that robo advisors have been in a market
doing what it's doing right now and just up here at the top you can see overall i am still green 61
uh showing my contribution limit up here and then all that i contributed in 2021 so i also have an
investment account which as you might imagine is doing just as well maybe even a little worse
but the investment account has a secret weapon called tax loss harvesting in case this is your
first time seeing a video like this right now you can see overall since i've been investing i'm in
the green but just like before if we come into 2022 i am down 17.5 the current risk tolerance for
this investment portfolio is 7.5 with some mild tweaking of adding some tech stocks into my u.s
stock holdings but coming down we can see for 2022 i am down 20 in u.s stocks down 19 in foreign
stocks muni bonds are down eight emerging markets down 18 and then dividend growth down just about
15 but right up here you can see estimated tax savings that is based on tax loss harvesting which
has been going into overdrive this year so based on this wealthfront has saved me on paper 229
and 48 cents currently in tax savings meaning i will be able to deduct that against any gains that
may happen in 2022 depending on what else goes on this year but if we come back to my
overall we're going to come back up and select our in-depth view here and if we look at my
money weighted return i'm up 15.84 however money weighted before was 64.10 and our time weighted
is currently 38.7 and was 59.26 in fact these numbers have changed slightly even since
uh i initially did my script for this earlier this morning till now so they've gone down a little bit
but again this is the first time any real robo advisor is going through a market like this
so i'm doing this not only as a six and a half year catch up with everybody letting you know how
things are doing how things are performing what my particular risk risk tolerance was set at but also
to show you it's doing what it's supposed to do which is to keep you properly allocated here we go
38 22 19 where you want your money to be i'm not a financial advisor nor do i pretend to be one but
i also don't want to have to do all of this work myself which is why i went with wealthfront to
do all this for me and again the beauty of the investment account is the tax loss harvesting
this one up here is actually my year to date tax loss harvesting which is just in my opinion it
has been wonderful because my wife's account who's not held with wealthfront doesn't have
automatic tax lost harvesting but this is gonna be a short one the markets are down
things with wealthfront haven't changed the algorithm is doing what it's supposed to do
if you are interested in wealthfront i will have a link in the description below it's a
referral link if you use it you will get five thousand dollars managed fee free and i'll get
five thousand dollars managed fee free with that being said i have been Wanderer001 if you have
any questions or comments or would like me to go into something more detailed just let me know in
the comment section below and as always thanks for watching if you found this video helpful consider
giving it a like as that will help other people find the video as well if you like what i'm doing
here you can always help fuel the next review by buying me a coffee link in the description below
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