No. of Recommendations: 6
Ormont suggested "Lazy Portfolios" as an alternative to Wealthfront. He is 100% correct it is a viable alternative.

Financial columnist Scott Burns has been advocating his "Couch Potato" method for over a decade. It has two funds: stocks and bonds. One time per year, you rebalance. Scott then added portfolios with 3, 4, 5, etc funds.

What do you think the most common question Scott and Bill Bernstein, author of "Four Pillars of Investing," get? It is "this is too much trouble for me. Where can I find somebody to do it for me?"

Both Scott and Bill reluctantly opened up "advisory" services to cater to these folks. Trust me that neither of them wanted to be in the advisory business. They pretty much did it as a public service.

As simple as we might think it is, many investors will NOT do it on their own. Or if they do it, they will NOT do it as well as Wealthfront. That is why I think the .25% management fee is justified.

If an investor WILL take the time to do Lazy, Couch Potato or one of the Fool advisory services, more power to them. In lieu of that, I would still recommend WF as FAR better than doing nothing.


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