I use several different brokerage accounts, but had a small taxable account in Betterment as a trial and it has been doing pretty well. I had an old 401k from a previous employer and didn't know exactly what to do with it, so I decided to roll it over to a Betterment IRA 6 months ago.
6 months later, all Betterment has been able to do is lose $500-600 on my $86k in this IRA, in addition to charging management fees. Seems a bit odd. If I had invested that in VTI for the past 6 months it would be up like over $6000. I'm using VTI as an example here because it's the ETF with the highest allocation (~30%) in the Betterment portfolio.
My taxable account is doing great with the same exact investments, so I called and they assured me nothing was wrong with the account.
Long story short: I could have thrown a dart at any large cap ETF and had better returns in the past 6 months. Does anyone here have any similar stories with this broker?
Submitted October 07, 2021 at 12:41PM by wasnt_in_the_hot_tub https://ift.tt/3uQgIpC
