New Digital Advisor for $20/month - Worth it ?

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confusedinvestor
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Joined: Thu Mar 15, 2012 11:04 am

New Digital Advisor for $20/month - Worth it ?

Post by confusedinvestor » Sat May 12, 2018 12:19 am

https://www.brightplan.com/how-it-works

Website says, plan first ($20/month), 1st month free and, says, it will show cash flow, which is not available in Personal Capital

What do guys think on this service from the website ?

I'm planning to open up an account and try this "risk free" for a month as my trail...

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whodidntante
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Re: New Digital Advisor for $20/month - Worth it ?

Post by whodidntante » Sat May 12, 2018 12:57 am

My personal capital shows cash flow. Maybe we are using different personal capitals. It is, after all, personal.

confusedinvestor
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Re: New Digital Advisor for $20/month - Worth it ?

Post by confusedinvestor » Sat May 12, 2018 1:28 am

I am looking for cash flow projections not for month or year but for my entire plan until end of plan for next 50 yrs in my case...
whodidntante wrote:
Sat May 12, 2018 12:57 am
My personal capital shows cash flow. Maybe we are using different personal capitals. It is, after all, personal.

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whodidntante
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Re: New Digital Advisor for $20/month - Worth it ?

Post by whodidntante » Sat May 12, 2018 1:34 am

Look at cFireSim.

Chicago60
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Re: New Digital Advisor for $20/month - Worth it ?

Post by Chicago60 » Sat May 12, 2018 9:20 am

I did not look at the link, but based on your description, it looks to me like a waste of $20/month, other than that first month, of course.

rgs92
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Re: New Digital Advisor for $20/month - Worth it ?

Post by rgs92 » Sat May 12, 2018 10:39 am

With a nice 3-fund portfolio, you do not need any type of adviser. I would let this forum be your adviser. Good luck.

dbr
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Re: New Digital Advisor for $20/month - Worth it ?

Post by dbr » Sat May 12, 2018 10:47 am

What do you mean it shows cash flow? Cash flow withdrawn from a portfolio is whatever you want it to be. But maybe I don't understand the meaning of the term.

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Rob5TCP
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Re: New Digital Advisor for $20/month - Worth it ?

Post by Rob5TCP » Sat May 12, 2018 11:27 am

It's $20 a month until you reach 50k in assets and then it's .5%
Vanguard Personal Advisor is .3% without a $240 a year fee on top.

Might be ok for someone starting out; but once they really
"learn the ropes"; DIY is a better option.

The .5% fee only applies if you invest with them as well as plan.
(to add to that fee; there is a .08% charge from TD Ameritrade)
(just noticed)

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randomizer
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Re: New Digital Advisor for $20/month - Worth it ?

Post by randomizer » Sat May 12, 2018 2:57 pm

Nope.
87.5:12.5, EM tilt — HODL the course!

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Toons
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Location: Hills of Tennessee

Re: New Digital Advisor for $20/month - Worth it ?

Post by Toons » Sat May 12, 2018 3:42 pm

Use quicken for cashflow or something similar
Buy Index funds.
No need for 20 a month to anybody,
:happy
"One does not accumulate but eliminate. It is not daily increase but daily decrease. The height of cultivation always runs to simplicity" –Bruce Lee

david99
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Re: New Digital Advisor for $20/month - Worth it ?

Post by david99 » Sat May 12, 2018 6:27 pm

Not worth it.

Ron Scott
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Re: New Digital Advisor for $20/month - Worth it ?

Post by Ron Scott » Sun May 13, 2018 4:47 pm

rgs92 wrote:
Sat May 12, 2018 10:39 am
With a nice 3-fund portfolio, you do not need any type of adviser. I would let this forum be your adviser. Good luck.
Wow. Clear and succinct.

I have never heard it said as well...
Retirement is a game best played by those prepared for more volatility in the future than has been seen in the past. Preparing for financial challenges is more fruitful than trying to predict them.

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