50: Wealthfront CEO Andy Rachleff, Investing the Robo Way
Invest Like a Boss
Sam Marks Johnny FD Derek Spartz
4.8 • 518 Ratings
🗓️ 18 April 2017
⏱️ 54 minutes
🧾️ Download transcript
Summary
Andy Rachleff is not only a veteran in finance, he is also a pioneer in modern investing. Wealthfront is due more than their fair share of pioneering and innovating Rob-advisors, and helping millions of people start investing in the market in a smarter, more efficient way. At the time of this episode, Wealthfront is managing over $5.5 Billion for all types of investors from beginners to high net worth individuals. Robo-Advisors (or automated investing as Andy prefers to call it) have been sweeping the finance sector making it easy and transparent to invest in the market.
On this episode, we get to tap into Andy’s nearly 4 decades of experience in finance and investing, explore efficiencies in the Wealthfront platform, and see who Robo-Advisors are a good investing instrument for.
Links:
>Try Wealthfront – Get $15,000 managed Free
Where are we:
South Carolina - Sam
Northern California - Andy
Bali - Johnny FD
Discussed:
If you like vanguard, you’ll love Wealthfront
Book:
A Random Walk Down Wall Street - Burton G. Malkiel
Time Stamps:
02:52 - From VC to entrepreneur
05:02 - A tip to outperform the market
06:55 - Financial advisors
08:54 - Choosing fund and ETFs
14:23 - Artificial Intelligence usagexxx20:41 - Three ways you can control the market
25:31 - Time-weighted return vs money weighted return
29:01 - Passive investing
33:05 - Robo-advisors market share
35:02 - Software based auto advisors
39:17 - Is there a future for traditional advisors?
42:30 - Tax loss harvesting
44:50 - Lump sum or dollar cost averaging
46:55 - Time-weighted return vs money weighted return
51:00 - Is Robo-advisory right for you?
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Copyright 2017. All rights reserved. Read our disclaimer here.
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 guys. Welcome to Episode 50 and Invest Like a Boss podcast. I'm Johnny FD. I'm here |
| 0:21.2 | Sam Marks. |
| 0:21.9 | Johnny, guys, welcome back today. We're going to cover a really popular topic and maybe one |
| 0:27.3 | that might we even say was an early inspiration for this podcast. We have on Andy Rockcliffe, |
| 0:33.0 | who's the CEO of Wealthfront. What's crazy is when I first started investing in Wealthfront a couple of years ago, |
| 0:39.1 | I never thought for a second we would get to talk to him live and ask him all the questions |
| 0:43.8 | that we want to know just as personal investors. |
| 0:48.3 | Well, Wealthron is a pioneer both in robo advisories, but also I think in just bringing |
| 0:53.9 | technology to investing in a really |
| 0:56.8 | mainstream way. So we were both investing in Wealthfront before we started the podcast, |
| 1:01.9 | but that was one of the really stirring technologies and advancements in the space that made |
| 1:06.8 | us think, maybe there's a better, smarter way to invest. We really need to get on the phone |
| 1:11.4 | and start talking to some people that know what they're doing. |
| 1:13.7 | Yeah, definitely. I think honestly, if it wasn't for companies like Wealthfront pioneering, |
| 1:18.1 | you know, modern investing with technology, this podcast wouldn't exist because we would just |
| 1:23.1 | be investing in traditional ways and, you know, with them in mutual funds or maybe index funds, |
| 1:28.8 | you know, or you're having financial advisors. Walthfront was really one of the first tools that |
| 1:35.0 | I signed up for that was like, okay, you know, this is just so much easier than me doing it myself. |
| 1:39.4 | Yeah, for sure. I mean, I've definitely had a good experience of Walthfront. I know it's been |
| 1:43.2 | beating my do-it-yourself accounts, which we'll dive into. And also gives me the piece of mind about account management and fund management, which right now, for me, having a little bit more space to think and do things non-business related is a really big value ad. So like you, I'm really looking forward to |
| 2:02.4 | diving into this with Andy and taking away the commentary afterwards. Yeah, definitely because |
| 2:08.0 | I have my wealth fund account open right now. So as soon as this interview is over, I think me and |
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