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 Cash flow withdrawn from a portfolio is whatever you want it to be.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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Location: New York, NY

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.
75:25 AA / Expected retirement: 2097

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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...

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