Coronavirus: Bad Vibes from Robo

Jill on Money with Jill Schlesinger

Audacy

Self-improvement, Business, Investing, Education

4.6 • 1.8K Ratings

🗓️ 1 July 2020

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

When the blank is hitting the fan, as it has been the last few months, that's when you really expect the institution that's handling your money to step up to the plate. And if they don't, then it may be time to start asking questions. Have a money question? Email me here. Please leave us a rating or review in Apple Podcasts. "Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Transcript

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0:00.0	Welcome to the Jill on Money Coronavirus Market Update. It is Wednesday, July 1st.
0:10.0	And if you've got a financial question, maybe it's a rebalancing question.
0:13.9	Hey, today's the first day of the third quarter
0:16.3	for goodness sake.
0:17.4	You got some things to do, perhaps.
0:19.6	Why don't you send us an email?
0:20.8	Ask Jill at Jill Unmoney. Ask Jill.
0:23.6	Ask Jill at Jill on Money.com. Ask Jill at Jill on Money.
0:25.9	dot com.
0:26.8	Joe writes, hi Jill, I'm a regular listener.
0:29.6	It's my third email to you.
0:31.2	Not like third email and I didn't answer it's like the third time
0:33.4	he's asked a question which I loved okay so check this out I started investing
0:38.3	with Betterment when they were your sponsor so that was like four or five years ago.
0:43.0	Joe says, I now have over $200,000 with them.
0:47.0	Of late, they seem to be struggling with their customer support.
0:51.0	E-mails go unanswered.
0:53.3	Calls start with the CEO apologizing,
0:56.4	but still no support person comes online
0:59.5	or ever calls back.
1:01.4	Question, is there any risk that Betterment goes bankrupt? If they do, what would
1:07.6	happen to the assets I have with them? What's the likelihood of some kind of fraud in an advisory firm like Betterment?
	...

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