Anyone use it or have good insight in to whether or not it's a good idea? I've been self directing for a while, and have had some decent returns. However, my time margins are getting really thin. Looking at some automation tools to experiment with in 2024.

I looked into the Schwab one; it evidently holds too much cash for a lot of people's preferences. That is one way they make a little coin off of offering the service.

I looked at Fidelity's a few years ago. My understanding was that it was really an automated rebalancing tool. I was hoping it would look at all available data and make suggestions to at least sectors. It never really suggested cash. It was always wanting max funds in Fidelity funds.

RGRAg1/75 said:

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Anyone use it or have good insight in to whether or not it's a good idea? I've been self directing for a while, and have had some decent returns. However, my time margins are getting really thin. Looking at some automation tools to experiment with in 2024.

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I'd recommend you check out Rob Berger's YouTube channel. He did a review of Vanguard and a few other robo advisors. Very detailed assessment and he also included his pro/con for each.

2wealfth Man said:

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I looked into the Schwab one; it evidently holds too much cash for a lot of people's preferences. That is one way they make a little coin off of offering the service.

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It does force a high percentage of cash, but based on some of the Berger videos I've watched below, they significantly improved their cash sweep account offerings. He was talking about them only paying 5 basis points, whereas now they are paying a little over 4%.

Not the best you can find, but having to sit on 8% cash at 4% APY is not really that bad.

I loved listening to his original podcasts. Actually listened to everyone twice.

I'll have to check out the one you mentioned. I have a harder time following YouTube content as I mostly listen while driving.