WiseBanyan: Free Automated Portfolio Management?


Ready for another start-up? WiseBanyan wants to offer free online investment advisory services. That's right, they will take your money, help you buy a portfolio of ETFs, manage dividends, rebalance, all that for free with no minimum balance … [Read the rest]

Vanguard Index Fund Expense Ratio Changes 2014


When you invest in a mutual fund or ETF, the fund company charges you a fee for managing that basket of stocks or bonds. These expenses are taken out via small reductions in the funds' net asset value (NAV), and while the numbers can seem small … [Read the rest]

Buffett’s Simple Investment Advice to Wife After His Death

The popular Berkshire Hathaway (BRK) Annual Letter to Shareholders by Warren Buffett is now available to the public. Download it here [pdf]. I've been haltingly working on making preparations for my family in case of my premature demise. I've … [Read the rest]

Late Brokerage 1099 Forms & IRS Mailing Deadlines


I never file my tax returns too early. The last time I did so, I had to file an extra amended return as my stock brokerage sent me a late corrected 1099 form shortly afterward. What a hassle. It seems that every year one of these forms shows up … [Read the rest]

Groupon: Whole Foods $10 Gift Card for $5

Groupon is selling a $10 Whole Foods Gift Card for $5 for one day only. They want to teach you about their search bar for some reason. No expiration date. Limit 1 per person, I'm sure it will sell thousands and thousands. Remember that you … [Read the rest]

Fidelity Investments American Express – 2% Flat Cash Back


(Update: Here's a link to a new promotion which is offering $75 in points after $500 in purchases within 60 days. Not the best sign-up bonus, but this is for a solid everyday card. Details below.) With the ending of the Schwab card, Fidelity … [Read the rest]

Betterment.com $1,000 Outgoing Account Transfer Fee


Update: "Sunlight is the best disinfectant" - Louis Brandeis. :) A few hours after my post... We're building a better ACAT transfer system to reduce the fee to $0. In the meantime, we are eliminating that fee effective immediately.— … [Read the rest]

Tax Guide 2013 for LendingClub and Prosper 1099 Forms


Updated 2014. I've gotten a few tax-filing questions regarding P2P lenders Prosper Lending and Lending Club. For tax year 2013, LendingClub provided individual investors extra guidance with their Tax Guide for Retail Investors [pdf]. Using this … [Read the rest]

Tax Prep Guide 2013: TurboTax vs. TaxACT vs. H&R Block Online


According to an informal 2012 poll, 86% of blog readers prepared their own taxes using software with a breakdown of 60% TurboTax, 21% TaxACT, and 16% H&R Block at Home. This nearly matches the findings of analytics firm Comscore, which found that of … [Read the rest]

Prosper vs. LendingClub Investor Experiment: 15.5 Month Update


After posting the 1-year update (Part 1, Part 2) of my Beat-The-Market experiment back on November, I got bored. I had started with $10,000 split evenly between Prosper Lending and Lending Club, but although this alternative asset class had … [Read the rest]

Can I Really Withdraw My Roth IRA Contributions At Any Time Without Tax Or Penalty?

Revised for 2014. This post about how to withdraw past Roth IRA contributions has been popular over the years amongst search visitors, and I have completely updated it using the most recent IRS documentation. Besides emergencies, this information … [Read the rest]

Barclaycard Arrival World MasterCard Review: $400 Bonus Value + 2.2% Cash Back Towards Any Travel


(Update: The spending requirement to get this 40,000 point bonus has increased from $1,000 within 3 months to $3,000 within 3 months. This makes the offer more aligned with the Chase Sapphire Preferred card with a similar 40,000 point bonus. So if … [Read the rest]