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▸▸▸Enroll in our Stock Market Investing Course for Financial Independence and Retiring Early: Enroll in our new 21 module, 4-plus hour stock market investing course with more than 30 handouts of summary notes, homework assignments, and resources. Learn how to research and select investments, how to determine your asset allocation, how to rebalance your portfolio, how to optimize your investments for tax purposes, how to automate your investments, and much more (including a 19-page Investment Plan to work on)!

▸▸▸Enroll in our FIRE Master Class: This FIRE Master Class is designed for people interested in pursuing financial independence and retiring early. In the Master Class, we explain how to live off of your investments during early retirement; how to withdraw money from your investment accounts to support your living expenses during retirement; how to calculate your FIRE number; new and creative ways that you can save money; new side hustles for making money; how to invest in the stock market and in real estate; we discuss healthcare options in retirement . . . and MORE!

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Our Rich Journey – Betterment vs. M1 Finance vs. Acorns | Which Robo-Advisor is Better (Battle of the ‘Bots): We just started a “Battle of the ‘Bots” Challenge! We previously published a video where we talked about the pros and cons of using roboadvisors. In that video, we discussed how it’s hard to compare the different roboadvisors because there are no clear numbers from the roboadvisors to use to compare. So, we took things into our own hands! After receiving comments from our viewers about which roboadvisors we should compare, we decided to compare three popular roboadvisors: M1 Finance, Betterment, and Acorns. In this video, we talk about the three roboadvisors and we also invest $1,000 into each roboadvisor. The plan is to continue to invest in each roboadvisor and to publish our results to see which roboadvisor outperforms the other. Make sure you subscribe and turn on the notification button to stay up to date with the results!

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ROBO-ADVISORS: Should You Invest with Them for Financial Independence? | Our Warning:

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Betterment vs. M1 Finance vs. Acorns: Which Robo-Advisor is Better (Battle of the ‘Bots)

In today’s fast-paced world, managing your finances can feel like a daunting task. Enter robo-advisors, automated investing platforms that use algorithms to create and manage investment portfolios. These platforms have gained immense popularity due to their convenience, low fees, and accessibility to novice investors.

Three popular robo-advisors on the market are Betterment, M1 Finance, and Acorns. Each of these platforms has its unique features and benefits, making it challenging for investors to choose the best one for their needs. In this article, we will compare the three and determine which one comes out on top in the battle of the ‘bots.

Betterment is a well-established robo-advisor that prides itself on its user-friendly interface, low fees, and personalized investment approach. It offers a range of investment options, including stocks, bonds, and ETFs, and provides goal-based investing strategies to help users achieve their financial objectives. Betterment also offers tax-loss harvesting and automatic rebalancing, making it an attractive option for long-term investors.

M1 Finance, on the other hand, differentiates itself by offering customizable investment portfolios, known as “pies.” Users can select individual stocks and ETFs to build their own pie, or choose from pre-built pies created by M1 Finance’s expert team. This flexibility appeals to investors who want more control over their portfolios while still enjoying the benefits of automated investing.

Acorns takes a unique approach to investing by rounding up everyday purchases to the nearest dollar and investing the spare change. This “round-up” feature makes it easy for users to start investing without having to set aside large sums of money. Acorns also offers five pre-built portfolios based on risk tolerance, making it a straightforward option for beginners.

When it comes to fees, all three robo-advisors have competitive pricing models. Betterment charges an annual management fee of 0.25% for its digital plan, M1 Finance charges no management fees, and Acorns charges a flat monthly fee ranging from $1 to $5, depending on the account type.

In terms of account types and features, Betterment offers individual and joint investment accounts, traditional and Roth IRAs, and SEP IRAs. M1 Finance offers similar account options but also allows for trust, LLC, and custodial accounts. Acorns, on the other hand, primarily focuses on individual taxable accounts and IRAs.

So, which robo-advisor comes out on top? The answer ultimately depends on the individual investor’s preferences and financial goals. Betterment’s goal-based investing and tax-efficient strategies make it a strong choice for long-term investors. M1 Finance’s customizable pies and no-fee structure appeal to investors who want more control over their portfolios. Acorns’ round-up feature and simplified investment approach make it a great option for beginners looking to dip their toes into the world of investing.

In conclusion, the battle of the ‘bots ultimately comes down to personal preferences, financial goals, and the level of control an investor wants over their portfolio. Each robo-advisor has its unique strengths and features, making it essential for investors to thoroughly research and compare their options before making a decision. With the right robo-advisor in their corner, investors can take a step towards achieving their financial dreams.