Are You Ready to Start Investing?

Are you ready to find one of the best ways to invest your money? When I wrote about how the stock market works, I mentioned that you needed to find the right service to get involved in the stock market. I was introduced to an interesting tool a few months ago. I was told that Betterment would be perfect for new investors and even the more seasoned investors that want a passively managed and automated account in addition to their more active trading accounts.

Is Betterment an ideal option to learn how to start investing?

The good news is that Betterment is indeed great for active investors who appreciate the automation and diversification Betterment provides, but Betterment itself is a passive account. You can’t be an active trader within Betterment. Active traders can use Betterment as a passive account to supplement their more active accounts.

Betterment is a registered broker and an adviser. This means that you’ll get the service features that a broker offers, along with the help that an adviser would give you. You get the best of both worlds.

Investing for beginners is great with Betterment because you get a 30-day free trial. You also get a $25 bonus just to get started.

What are some of the other benefits of using Betterment to invest your money?

• It’s a flexible tool.
• Hands-off money management.
• Your money is invested in indexes.
• Easy to get started.

Betterment is already shaping up to be a solid investment tool.

How does this investing for beginners tool work?

You start off by signing up with Betterment by filling out the easy forms. Then you can link your checking account to your Betterment account so that you can transfer over money to start making some moves. The next few steps are pretty interesting:

1. You setup specific goals. You put in a goal deadline, starting amount, goal amount to see where you stand and what’s best for your money.
2. You pick your asset allocation. You decide how you want your money divided between stocks and bonds. You don’t have to worry about putting all of your eggs into one basket.
3. You get recommendations for monthly savings and asset allocation. Betterment helps you decide how to invest your money in the role that a paid adviser usually would.

As you can see, this is an excellent investing tool for beginners. You can essentially let someone else do your investing for you while you worry about what matters to you in life (traveling or spending time with friends).

What else makes Betterment one of the best ways to invest money?

I found another helpful tool inside of Betterment. This is the demographics option that they have. What this means is that you can input your age range, income range, and sex to see what others in your demographic are doing with their money.

You’ll also see how your asset allocation compares to that of your peers. It’s always fun to see where you stand as an investor. On top of this, you can also see your returns compared to your peers.

What are the fees?

When we went over stock market basics, we made it clear that you’re going to have pay fees on each trade that you make and maintenance fees depending on your type of account. Betterment doesn’t charge trade fees. You only pay the annual management fee.

Your pricing depends on how much money you have in your account to invest.

If you carry a balance of $0 to $10,000, you’ll have an annual fee of 0.35% and you’ll get the Betterment portfolio (now offered to all tiers). You can still enjoy the benefit of next day deposits. Instead of paying an annual fee, you can be charged a low monthly fee.

If your balance is at $10,000 to $100,000 you’ll be charged an annual rate of 0.25%. You’ll get a Betterment portfolio with this and the ability to have next day deposits.

In more good news. I browsed around and couldn’t find any hidden charges or fees that could possibly surprise you. The annual management fee is the only one you pay.

Are you ready to start investing?

I was going to promote this tool a while ago. Then I was informed by the company that there would be a price reduction along with further incentives coming up. This is why I was excited to finally inform you guys about this investing tool today.

Sign up here for your free $25 and free 30-day trial.