Friday, March 28, 2014

WiseBanyan Account Opened

I opened my account at WiseBanyan.

Timeline:
3/19 (Wed) - Received invitation email, opened account
3/24 (Mon) - Money withdrawn from linked account
3/25 (Tue) - Shares in ETFs purchased
3/27 (Thu) - Received email that everything is ready

From 3/19 to 3/24, I was able to login, but there was nothing to see as my account wasn't ready. On 3/25, I was finally presented with the dashboard, but my money was supposedly in cash. It was not until 3/27 when I got the all clear email that I was able to see that my money had been invested according to my asset allocation. I was glad to see that they actually invested my money the day after withdrawing it. Kudos to WiseBanyan for not sitting on my money and earning themselves some extra interest.

All in all, it took a bit longer than I hoped/expected. There's not much to see once you login, so don't get too excited. This is MPT after all. Screenshot below (blocked out some personal information and numbers)


The screenshot also shows the ETFs that they use:
VTI, VEA, VWO, LQD, VNQ, TIP, VGIT

Let me know if you have any questions! I'll post another review at a later date once I've tried adding more money.

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