Daniel Egan (Bmt)

The professional account for Behavioral Finance and Investing @Betterment.

[Daniel Egan (Bmt) @dan_bmt]

@ronlieber Here ya go;

https://t.co/2CsYFcCEIM

[Daniel Egan (Bmt) @dan_bmt]

@hipsterbrown @Betterment 3| Don't move money to cash early for *tax* reasons: you'll owe income tax on any interest paid, and potentially paying taxes earlier than you could.

As a reminder, Betterment is not a tax advisor.

[Daniel Egan (Bmt) @dan_bmt]

@hipsterbrown @Betterment 2| The longer answer: as long as you're in a long-term cap gains treatment, you just want to wait as long as possible to realize gains. EG withdrawing on Jan 1 of next year rather than Dec 31 of this year gives you a full extra year before the taxes are due.

[Daniel Egan (Bmt) @dan_bmt]

@bradburns04 @Betterment 2| Our expected returns are lower than history both due to valuations and interest rates, and factor into our plans & advice.

That said, we'd be happy to be wrong, as surprise productivity gains have happened before.

[Daniel Egan (Bmt) @dan_bmt]

@bradburns04 @Betterment 1| A decade's a good long period!

The transient inflation shocks (shipping, parts) seem to be working themselves out.

We're keeping an eye on cost-of-labor increase, which isn't the worst kind of inflation.

If inflation expectations spiral, that would be concerning.

[Daniel Egan (Bmt) @dan_bmt]

@sskim888 @Betterment 2| Our time-horizon based advice means you're never taking on more duration risk than your goal, so it's not worth trying to time bond price moves.

[Daniel Egan (Bmt) @dan_bmt]

@sskim888 @Betterment 1| Yes, for a few reasons:
- yield is still much higher than cash ($BND at 1.41% for example).
- also pretty low vol - better for de-risking a portfolio.
- if rates rise slow & steady, yields go up but price impact won't be extreme.

[Daniel Egan (Bmt) @dan_bmt]

@ElliottChMiller @Betterment Of course!
1) Lots of considered defaults 🎯
2) Point-in-time info & education (Tax Impact Preview)📖
3) Goals with images, purpose, targets etc 🖼
4) We're trying! We can amplify and help, but the ground work is simply starting to save.

[Daniel Egan (Bmt) @dan_bmt]

@bllyray @Betterment 2| 👀 that interest/yield income tends to be taxed disadvantageously relative to capital gains, and you don't have control over when the tax is triggered, so it's tricky saying it'd be better than a partial stock portfolio.

[Daniel Egan (Bmt) @dan_bmt]

@bllyray @Betterment 1| Not on our immediate roadmap, but consider your voice heard!

For now, check out our income portfolios and let us know what you think.
https://t.co/daeICaK8Yh

[Daniel Egan (Bmt) @dan_bmt]

@nachoarranz @BettermentHelp Due to the account structure of CR, we aren’t yet able to support same day transfers between CR and investing goals.
However, you can do a same day transfer from a 100% bonds taxable goal to any other taxable goal - should suit your purpose.

[Daniel Egan (Bmt) @dan_bmt]

Hopping on @BloombergTV in a few minutes to discuss memestocks, the end of the pandemic, and investing stimulus checks!

[Daniel Egan (Bmt) @dan_bmt]

A quick interview on the thought that goes into plan design at @Betterment4Biz

https://t.co/ikM0YGhMwD

[Daniel Egan (Bmt) @dan_bmt]

A slightly different take on what's driving the memestonk rally, and how and why it could end.

https://t.co/icw31cl5T6

[Yahoo Finance @YahooFinance]

“There have been short squeezes before, greed, the desire to make more money,” @Betterment's @dan_bmt says on the speculative trading frenzy. What is new “is that… it’s individual traders coordinating using message boards and the speed with which this information coordinates.”

[Bloomberg TV @BloombergTV]

GameStop is surging again as short sellers start to surrender, but will it last?

"They're going to pay for the ability to have a good time in the market in the short-run, but they're not changing the economics of the company," says Betterment's Dan Egan https://t.co/oOw5mVvcaZ

[Daniel Egan (Bmt) @dan_bmt]

@mike_frederick @Betterment Yes: the wash sale window is 30 days, for example, so we need to wait 30 days to calculate those.
Another: funds have until Feb 15th to distribute *their* tax forms, generally for international income/taxation reasons.

[Daniel Egan (Bmt) @dan_bmt]

@jeckert @Betterment 👋 Dan from Betterment here.

We'll be launching joint checking sometime in Q1. If you'd like to be part of the beta testing group, let me know. DM's are open.