Test Accounts Week 15

The S&P 500 Index was up 1.8% for the week In the 15 weeks there have been 8 up weeks and 7 down. But overall the index is up 3.6% for the period. Only the Folio Test account did better than the S&P for the week, finishing up 1.9%. Betterment and Schwab were up 1.0% and Wealthfront was up 0.8%. Meanwhile Lending Club gained 0.3% for the 5^th week in a row.

For the 15 weeks, all the robo-advisers have outperformed the S&P 500 Index. Betterment and Schwab are up 4.2% while Wealthfront is up 3.7%. Folio is still suffering from the annual trading fee of $290. It is only up 3.0%. Without that charge, Folio would be up 5.9%. Over time, the impact of that charge will diminish.

Lending Club is up 2.9% for the period. If the market tanks Lending Club will move to the top.

In my mid-week post, I indicated that it was time to decide on the future of these test accounts. I’ve taken the first step and will update you with the next post. Follow me on Twitter @billlanke and I’ll let you know when that occurs.

 

W/E	S&P 500	BTRMNT	WLTFRNT	FOLIO	LND CLB	SCHWAB
16-Jan	-1.2%	0.0%	0.4%	-0.2%	0.0%	-0.2%
23-Jan	1.6%	1.1%	0.7%	2.0%	0.0%	1.0%
30-Jan	-2.8%	-1.5%	-0.9%	-2.0%	0.0%	-1.3%
6-Feb	3.0%	1.0%	1.0%	0.9%	0.0%	1.3%
14-Feb	2.0%	1.0%	0.8%	1.8%	0.0%	1.2%
21-Feb	0.6%	0.6%	0.4%	0.5%	0.0%	0.4%
28-Feb	-0.3%	0.2%	0.2%	0.3%	0.7%	0.0%
6-Mar	-1.6%	-1.6%	-1.8%	-0.9%	0.3%	-2.1%
13-Mar	-0.9%	-0.1%	-0.3%	-0.6%	0.2%	-0.7%
20-Mar	2.7%	2.1%	2.0%	0.6%	0.2%	1.0%
27-Mar	-2.2%	-1.0%	-1.1%	-2.3%	0.3%	0.5%
3-Apr	0.3%	0.6%	0.6%	0.0%	0.3%	0.8%
10-Apr	1.7%	1.2%	1.0%	2.5%	0.3%	1.3%
17-Apr	-1.0%	-0.3%	-0.2%	-1.5%	0.3%	-0.3%
24-Apr	1.8%	1.0%	0.8%	1.9%	0.3%	1.0%