I have used personal capital’s online program for years but never their brokerage firm, I have always done my own investing picks.
The only people that make money overtime using an investment firm like personal capital, Edward jones, fisher, and others, are these firms. For example, if you are paying a 1% fee on a $2M portfolio, you are paying $20K a year in fees. And, if you are losing money like this year or 2008, you are still paying a fee. If they sell everything and keep it in cash because of a recession coming, you still pay the $20K fee.
If you must use a broker, look to vanguard and get into their index funds, or Schwab has their robo broker for free.
|