27: DoughRoller, Robo-Advisors and Tax Loss Harvesting

Invest Like a Boss

Sam Marks Johnny FD Derek Spartz

Business, Investing

4.8 • 518 Ratings

🗓️ 8 November 2016

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Rob Berger is the man behind DoughRoller.net. We’ve appreciated his material over the last year and found his research and content on Robo-advisors particularly pertinent to our recent discussions. Jon Stein came on the show back in episode 22 to discuss Betterment, and we wanted to get Rob’s take on the benefits of Robo-advisors like Wealthfront and Betterment.

On this episode, we compare the top 2 leading Robo-advisor platforms and discuss the pros and cons of tax-loss harvesting, the overall value of this automated feature, and which type of accounts it is most effective in.

Relevant links:

Blog - http://www.doughroller.net/
Linkedin - https://www.linkedin.com/in/bergerra
Twitter - https://twitter.com/Doughroller/media

Where are we:

Sam – Florida
Rob – Virginia
Johnn FD - Chiang Mia

Discussed (relevant links):

Free spreadsheet - A tool Rob uses to track his portfolio performance
Investing in gold and Silver - Buying gold and silver bullion a smart move
ILAB 22 -Betterment Ceo Jon Stein a Decade of Pioneering Robo Advisory
ILAB 15 - Meb Faber on Building the All Seasons Portfolio

Show Notes:

06:00 – Robs Portfolio with Betterment, Wealthfront and Vanguard
08:15 – Life strategy fund vs. target date retirement fund
11:05 – Tax loss harvesting long-term benefits
22:48 – Index fund Low cost passive investing
24:21 – Wealth Front vs. Betterment
27:29 – Rob’s personal investment allocation model
28:50 – Is owning gold and silver a productive asset?
32:50 – Investing in one platform consistently
34:17 – Pricing fees with Wealth Front and Betterment
36:00 – Auto saving money since 18 years’ old
40:00 – Vanguard vs. Robo-advisory
42:00 – Presidential election 2017 Trump vs. Clinton

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Transcript

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0:00.0	Welcome to the Invest Like a Boss podcast. I'm Sam Marks and I'm Johnny FD. We're self-made entrepreneurs who invest our own money and use modern technology to invest like a boss. Join us each week for exclusive interviews with our network of modern investors, business owners, and multi-millionaires to discover new ways to invest our hard-earned cash. Hey everyone, welcome to episode 27 of the Invest like a Boss podcast. I'm Johnny FD and I'm here back again with Sam Marks. Hey guys, welcome to episode 27 of the Vestagaboss podcast. I'm Johnny FD, and I'm here back
0:22.4	again with Sam Marks. Hey guys, welcome back to episode 27. On this episode, we have on Rob Berger,
0:28.0	and we're going to talk about tax loss harvesting and robo advisors. So Rob runs the very popular
0:34.3	blog, doroiler.net, which talks about all types of investment, finance, savings,
0:39.4	tools, and resources. And he has a great article on Robo Advisors that we've never really been
0:46.0	able to find anyone who has a lot of unbiased kind of third party expertise in the area. So we're
0:51.3	excited to have them on. Yeah, I've actually been following his blog and
0:54.5	his podcast for quite a bit now. And he always comes across as such a cool, genuine guy that
0:59.9	really just wants to help out. So I was really excited when I found out we were going to have him on
1:04.2	the show. And I think it's a great compliment. A few episodes ago, we had John Stein on of the
1:08.2	Betterment CEO, which is an awesome episode that we talked about,
1:11.8	of course, Betterment and a lot of the value add additions that a resource like a Robo
1:18.0	Advisor and Betterman offers you. So it's going to be great to have Rob on who's researched these
1:23.3	things a lot, has also tried them out himself and done a lot of you know a lot of detailed
1:28.7	analysis on them to see what he thinks is you know the white the right way to play them yeah
1:33.4	that's really cool by the way i'm just curious where are you in the world sam i'm in florida right now
1:38.0	and i'm heading down to british virgin islands next week wow nice uh i've been cheng Mai
1:43.1	loving it here i'm glad to be summer for a while and not move around every week. But why are you going down to the BVIs? My buddy sold his business and bought a catamaran and said he doesn't want to do business anymore. So he's just sailing around. He's on his way down from Virginia right now, down to BVI. So I'm just going to go live on the Catamaran for a couple weeks and in Unwind. It's been a really, it's been a great and productive year so far, but it's been a, it's been a whirlwind, I would say. Yeah, I can imagine. I think for both of us, I just took a look at my calendar from this summer when I was hanging out with you, it was insane. I don't think I want to
2:19.0	repeat that anytime soon. So I'm glad we're both just just hanging out and letting our passive
2:24.3	income grow from our investments. And I'm excited to hear from Rob about if those are some good
2:32.5	moves, all about tax loss harvesting harvesting, and if betterment or wealth
2:38.1	fund was a good choice for us. Yeah. So guys, pay attention after the episode. Johnny and I will be back
	...

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