Discover the Online Stock Broker with an Award-Winning History [Ally Invest Review]

Trading stocks online for the first time can be a scary venture, especially if you’re not familiar with what an online stock broker can offer. Using a reputable company with a good track record should give you some peace of mind. TradeKing was one of the top online stock trading providers until the company was acquired by Ally Financial in 2016. Since then, Ally Invest (as it's been re-branded) has continued to offer a variety of … [Read more...]

015: How to Organize and Invest Your Money with America’s Millennial Money Expert Robert Farrington

Robert Farrington is America's Millennial Money Expert and Founder of TheCollegeInvestor.com. Robert is on a mission to help millennials get out of student loan debt and start building wealth for their future. Robert is the quintessential master of his money. At such a young age in his early 30s he’s showing us all how it’s done. Really impressive. In this episode, you’ll hear Robert share how he’s managed to pay off debt and make huge strides with his … [Read more...]

Canada’s Largest Robo-Advisor Comes to America with $50 Bonus [Wealthsimple Review]

Since 2014, Wealthsimple has offered Canadians excellent service as the largest robo-advisor in the Great White North. Now, Wealthsimple comes to the U.S. (along with a sweet $50 signup bonus for PTMoney readers) with the same no-nonsense mission of bringing “smarter financial services to everybody, regardless of age or net worth.” Read on to learn more about what Wealthsimple can offer you, and what makes it different from other robo-advisors: What Wealthsimple … [Read more...]

006: Achieving Financial Independence (and Happiness) in Your 30s with Brandon, the Mad Fientist

Enjoying these show notes from the podcast? Be sure to subscribe to the show in iTunes and you'll get notified when each new episode is ready! Who is The Mad Fientist? The Mad Fientist (aka Brandon) is a computer programmer and highly accomplished “fientist” (a word he made up himself) originally from Pittsburgh, Pennsylvania. He’s now living in Glasgow, Scotland, his wife’s hometown. He achieved his personal financial independence number a couple of years ago at … [Read more...]

Kavout Review: An Innovative AI Investing Platform

We recently wrapped up another FinCon and the second annual FinTech Startup Competition.  The competition is the first ever early-stage business competition dedicated to technology products and solutions for the consumer-facing personal finance and investing verticals.   The competition was presented in partnership with SoFi, who chose this year's winner, Kavout, to participate in their Entrepreneur Program. Today's post reviews their service and the features that … [Read more...]

Best Automatic Savings (& Investing) Apps to Round Up Savings in 2019

  Saving money has a lot in common with flossing: you know it’s important, professionals wag their fingers at you when they find out you’ve been neglecting it, and it seems like a major pain to get in the habit of doing. Luckily for reluctant savers, technology has come to the rescue in the form of automatic savings apps. (Unfortunately, automated flossing technology is still years away.) Even the most budget-averse … [Read more...]

Betterment Review (2019 Update): Revolutionary Online Investing

  Update: This comprehensive review now includes the latest on the revolutionary personal investing service, Betterment. Betterment is investing for the masses. If online brokers like E*Trade were a revolution for the do-it-yourself investor, then Betterment is part two of that revolution. Betterment's goal is to get more people to invest their money (vs parking it in savings accounts) by providing an ultra-simple, passive … [Read more...]

Manage All of Your Financial Accounts in One Place with Personal Capital [Review]

  I love Personal Capital for all the free tools they offer. It's a great place to aggregate all your accounts and really see what's going on with your money. From budgeting to investment advice, Personal Capital can really be a one-stop shop for your money.  Here’s what you need to know about how Personal Capital works, how it makes its money, and whether it will be the best way for you to manage your monthly budget as well as your retirement … [Read more...]

Easily Invest Your Spare Change Automatically with Acorns (Our Review)

Knowing how to invest your money ought to be a basic life skill—like changing a tire, budgeting, and cooking for yourself. But the sad truth is that many people are intimidated by investing, and it can feel impossible to fill in this particular skill gap. Thankfully, that’s where the Acorns mobile investing app comes in. This free app (which is also available in a desktop version) aims to demystify the process of investing, using money that new investors will … [Read more...]

Investing in Lending Club: What You Need to Know

There’s an excellent reason why Lending Club is currently the largest peer-to-peer lending network, responsible for over $13 billion in loans as of September 2015. Borrowers enjoy better rates than they could find at a bank, and lenders receive returns that could be difficult to replicate with more traditional investments. Specifically, lenders have earned an average return of 9.65% since June of 2007. Whether you’re a newbie investor or a seasoned investing … [Read more...]

The Best Robo Advisors (2019 Update) to Automate Your Investing

  Here's the thing. Investing should be for everyone. It shouldn't just be for people who are already rich and can (and want to) pay for expensive advisory services. The introduction of robo-advisors has helped more people get into investing and save for their future without the costs of standard financial advisory services. According to a BI Intelligence, "robo-advisors will manage around 10% of total global assets under … [Read more...]

How to Put Together a Winning Taxable Investment Portfolio

Editor's note: This is a an article from Jeff Rose, who wrote the book Soldier of Finance. Since Jeff is a CFP I asked him to share his thoughts on building a taxable investing portfolio - something I'm hoping to do in the near future. Here's Jeff... Let's face it, paying taxes is a major letdown. That's why financial planners like myself love tax-advantaged investment accounts. They offer you the chance to set aside money for the future in an efficient manner … [Read more...]