Home prices won’t drop, and could surge 15% once mortgage rates fall, Barbara Corcoran says.
There’s a shortage of homes for sale as people don’t want to give up their cheap mortgage rates.
The housing market is in good shape, and buyers will pounce once rates drop, Corcoran says.
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Good Morning America” this week.
In response to a massive inflation spike last year, the Federal Reserve has raised interest rates from almost zero to more than 5% since last spring. As a result, the average 30-year mortgage rate has surged from about 3% at the start of 2022 to 7.3% – the highest level since 2000.
Steeper interest rates encourage saving over spending and increase borrowing costs, meaning they typically pull down the prices of assets such as houses. However, home prices were down just 1% in May from their peak last June, the S&P Case-Shiller index shows.
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Prices have been shored up by a shortage of homes on the market, in part because many owners are reluctant to sell and give up the low, fixed mortgage rates they’ve locked in.
Corcoran started to say that “all hell’s going to break loose” once the Fed cuts rates and mortgages get cheaper.
“Every buyer on the sideline is going to jump into the market as long as the interest rates come down to 5% or 4%, and houses are going to go up in price all over again,” she said. “I wouldn’t be surprised if they go up by as much as 10% or 15% when that happens.”
The Corcoran Group founder also said a lack of inventory has resulted in a third of homes selling above the asking price, and the average home being listed for only 20 days before it’s snapped up.
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“The housing market is as strong as ever,” she said, although she noted it would be wise to wait until next year to sell.
“When all the buyers come off the sidelines, when interest rates come down, I’m going to get a lot more from my house than I would get right now,” Corcoran said.
The investor’s touted the health of the housing market before. In June, she suggested home prices could jump as much as 20% once interest rates drop by two percentage points.
She also dismissed concerns of a housing bubble in southern states such as Florida, arguing that people are speculating less and using more cash than debt compared to the mid-20 00s housing mania.
As fall comes into view, so is your seasonal home decor pivot. Out goes the candy-colored gingham prints and linen sheets, in comes the rich velvet throw pillows, faux fur blankets, and rich earthy decor. Considering September is just days away, you don’t have much time to get your living space in autumn mode before Labor Day. That said, many of your favorite home brands and retailers have already showed their cards, launching their upcoming fall home collections for the colder months ahead.
So, if you’re ready to bid adieu to your summer-specific accent items — or maybe you simply want a head start on refreshing for the new year — the latest offerings hitting shelves will help you do just that. And that doesn’t mean you need to go full fall, with acorn and leaf themes or red, orange, and brown color palettes (although it’s worth noting MacKenzie-Childs’ new collection honors traditional seasonal motifs in the chicest way). No, you can lean into the season shift with cozy yet modern swaps that’ll make your living space look like a comforting and sophisticated sanctuary.
Maybe that means investing in an earthy-toned rug or a soft, textured camel-colored couch. Whatever the move, now’s the time to do it, as fall soireés and football Sunday gatherings are looming. Ahead, TZR has gathered six of the best fall home collections that are already ripe for the taking.
CB2
This season, CB2 is sticking to what it knows: quality home decor. Manifesting as rich-colored velvet sofas and modern lighting styles, the new drop “embodies CB2’s philosophy that luxurious pieces should be accessible and approachable for all.”
Lulu & Georgia
Lulu & Georgia are thinking outside a orange-focused fall color palette by leaning into warm neutrals and the occasional pop of soft pink. The brand’s latest collection reads very sophisticated, and feels especially suited for minimalist aesthetic.
H&M Home
H&M recently made headlines when it announced the launch of furniture and lamps in the US. If you haven’t run out to scoop up one of these affordable new gems, now is your chance.
Misette
Launching September 1, Misette’s new fall and winter collection is inspired by both “the mesmerizing intricacy of Moroccan tiles and the warm, rich colors of a vintage ski chalet.” Think hunter green glass candle holders, bright embroidered napkins, and colorful placemats.
MacKenzie-Childs
Leave it to MacKenzie-Childs to create signature fall decor that reads more elevated than it does cheesy. The brand recently launched its fall collection, which includes a colorful and joyful wreath, gourd center pieces, and sweet acorn decor accents.
Arhaus
Arhuas, which focuses on artisan-created home essentials, is introducing brand new furniture items like Amira Sofa and Cormac Dining Table this season. All designed to tap into “warmth and bring elevated comfort,” these options boast rich, neutral tones that’ll work for any aesthetic.
In our latest real estate tech entrepreneur interview, we’re speaking with Igor Dzhebyan from andcards.
Who are you and what do you do?
Igor Dzhebyan, the CEO and Co-Founder of andcards — we provide technology that elevates a coworking brand.
What problem does your product/service solve?
Rising independent coworking networks strive to build strong brands. Mobile apps are an important touchpoint, often overlooked due to a lack of resources and know-how. andcards makes white-label mobile apps that reflect a coworking space’s brand, powers member engagement, and builds a unique online presence. Our software is used daily for meeting room bookings, membership benefit applications, and connecting to other members through a collaborative news feed.
What are you most excited about right now?
Scaling andcards workspace management technology around the world. Since our customers are mature coworking spaces that pay attention to their brand, the quality of their workplaces and interiors are simply jaw-dropping. It is really exciting to see how our customers adapt our technology to simplify management and improve the member experience. The emotions of coworking members make me feel proud of our work.
What’s next for you?
We just released andcards v4, allowing additional design customization to reflect the customer’s coworking brand. In 2020, we plan to focus on three key areas:
Further perfect the user experience of our product, making it even more minimalist, simple, and intuitive.
Enable even more customization, transcending a coworking space’s brand identity, so the app really feels like your own.
Cooperating with our partners, from CRMs, access control, billing and payments, through to marketing, to offer coworking spaces the flexibility of using professional tools for their business.
What’s a cause you’re passionate about and why?
Education. In my opinion, it is the greatest achievement of humankind that gave us enlightenment, modern science and technology, advancing our understanding of the universe and ourselves. Education brought us out of an eternal loop of poverty and Medieval superstition. It made us believe in ourselves, cultivating the entrepreneurial spirit–while allowing more freedom to travel the world, work remotely (often at coworking spaces), and be who we want to be. The new way of education and work enables social lifts, especially in underprivileged communities, improving the quality of life for hundreds of millions of people.
Thanks to Igor for sharing his story. If you’d like to connect, find him on LinkedIn here.
We’re constantly looking for great real estate tech entrepreneurs to feature. If that’s you, please read this post — then drop me a line (drew @ geekestatelabs dot com).
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Fall decor that makes a home look expensive definitely doesn’t have to come at a premium price. Interiors knowhow can bring high-end results without a big spend.
An expensive fall look can be an aesthetic rather than the result of purchasing power, and that’s a principle that applies generally, as well as proving applicable to fall decor ideas.
fall decor on a budget? This is what interior designers recommend.
Fall decor that looks expensive
Making a home look expensive relies on understanding how to dress it, and which materials, textures, and objects to choose. Anything that makes your house look cheap is, of course, out of the question.
And whether we’re talking living room fall decor, fall color schemes, fall table decor, fall mantel ideas, or any other part of the home, the same precepts apply when introducing seasonal style. Be inspired by these interior designers’ suggestions to get the high-end look for fall.
1. Atmospheric lighting
The right lighting ideas are crucial to make a home look expensive – and key to creating the right autumnal atmosphere. ‘Fall denotes a particular coziness, and lighting is an easy way to nail it,’ says Dan Mazzarini, principal and creative director of BHDM Design and ARCHIVE by Dan Mazzarini.
‘It’s all about finding that sweet spot where functionality meets aesthetics – light dimmers work wonders,’ he advises. ‘With a simple adjustment, you can create a warm mood or set the stage for a cozy movie night. Our suggestions: Lutron Credenza plug-in dimmer and soft white dimmable light bulbs.’
Find the Lutron Credenza dimmer at Amazon.
2. Rich color schemes
Rich color schemes and muted undertones create a high-end look perfect for the season, says interior designer Artem Kropovinsky, and you can look to the color wheel to put them together. For the living room he suggests forest green complemented by subdued taupe, and for the bedroom: intense wine red contrasted with a mellow beige.
‘Shades like forest green and wine red impart a feeling of affluence and richness,’ he explains. ‘Melding them with understated tones enhances their depth without overpowering the ambience. Such hues mirror autumn’s spirit – the changing foliage and the snug essence of the time. The outcome? A fusion of warmth, plushness, and inviting atmosphere.’
Artem Kropovinsky
Madison Popper, founder of the global interior design firm Chill Casa.
‘You can elevate the allure of your table settings by ensconcing glass vases with meticulously gilded branches and dried florals, crafting an opulent focal point, or add a heritage charm through the inclusion of resplendent gilded mirrors and carefully curated vintage artifacts, capturing the essence of timelessness and extravagance.
4. Accent wall color
Consider creating an accent wall to elevate a room and transform it for a new season. ‘I love a good accent wall paint color,’ says interior designer Chantelle Hartman Malarkey.
‘The right color in a room can bring it to life. I love one painted accent wall that can be a richer darker color that really looks beautiful during the fall season.’
5. Injections of color
For a chic take on fall decor, consider using accents of color. ‘Instead of the bright red and orange, opt for a neutral palette with selective small pops of color and subtle textures – this allows your fall decor to easily blend in with your existing pieces, making your space feel more cohesive and thoughtfully curated,’ says Jennifer Verruto, founder and CEO of Blythe Interiors.
‘For example, ditch a bright orange vase for a simple gold one instead. Something neutral, yet festive like gold, can easily transition to the following season’s decor. For fall, throw in some gorgeous, dried florals and then swap them out for something more wintery like holly leaves when the time arrives. This will make your decor feel more sophisticated.’
6. Premium seating decor
Dress up the seating around your home for a high-end look. ‘Apt seating adornments can be likened to fine jewelry for interiors,’ says Artem Kropovinsky. ‘Just as the perfect pendant can amplify attire, the ideal blanket or cushion can present furnishings in a more upscale light.’
For the living room, he suggests ‘silken pillows in colors harmonizing with the room, perhaps taupe or wine red’. And for the bedroom, ‘synthetic fur wraps casually placed on a solitary chair or the bed’s edge’.
‘Materials like silk and synthetic fur epitomize luxury. They’re not just visually stunning but also delightfully tactile, enriching the sensory experience,’ he says.
FAQs
How do you decorate for fall classily?
outdoor fall decor. Sophisticated fall weaths and elegant fall front door decor can strike a premium note and boost curb appeal. And for both inside and out, fall craft ideas can create decor that looks expensive but in which you invested just enough for the materials plus your own time.
Betterment and Betterment are not only two of the most popular robo advisors in the industry, but they may very well be the most innovative in the field. Though they represent two of the first robo advisors, both have built out their platforms and now offer robust portfolio options and other services to their clients.
Though they each have their own nuances–and specializations–you really can’t go wrong with either platform. Each will take complete control of your portfolio, managing every aspect of it for a very low annual fee. When you sign up with either service, your only responsibility will be to fund your account on a regular basis.
But what if you’re either new to robo advisors or you’re considering a switch from another one? If you’re researching robo advisors, the information will inevitably lead to Betterment and Wealthfront. So let’s take a look at the two heavyweights in the robo advisor space and see which might be a better fit for your portfolio. Listen to the Podcast of this Article
About Betterment
Betterment is not only the original robo advisor, but its also the largest independent robo (along with Wealthfront), with $21 billion in assets under management. The company is based in New York City and began operations in 2008.
As a robo advisor, Betterment is an automated, online investment platform that handles all aspects of investment management for you. When you sign up for the service, you complete a questionnaire that will help determine your investment goals, time horizon, and investment risk tolerance. From that information, Betterment creates a portfolio of stocks and bonds to meet your investor profile.
They dont actually invest your money in individual securities, but instead through exchange-traded funds (ETFs), each representing a specific asset class. They can build an entire portfolio for you through about a dozen funds that will give you exposure to the entire global financial markets.
All this is done for a low annual management fee. Your only responsibility will be to fund that your account on a regular basis and let Betterment handle all the management details for you.
Better Business Bureau rates Betterment as A+, which is the highest rating in a range from A+ to F. The company also scores 4.8 stars out of 5 by more than 20,000 users on the App Store, and 4.5 stars out of 5 by more than 4,500 users on Google Play.
About Wealthfront
Wealthfront is, with Betterment, the largest independent robo advisor, and Betterment’s primary competitor. In fact, with over $24 billion in assets under management, its now slightly larger than Betterment. The company is based in Redwood City, California, and launched operations in 2011.
As a robo advisor, it works much the same as Betterment, creating a portfolio for you based on your answers to a questionnaire when you open your account. Wealthfront will also manage your account using a small number of ETFs spread across various asset classes. But on larger accounts, they’ll also add individual stocks to get greater benefit from tax-loss harvesting.
Like Betterment and virtually all robo advisors, Wealthfronts basic investment strategy is based on Modern Portfolio Theory (MPT), which emphasizes asset allocation over individual security selection.
Similar to Betterment, and really all robo advisors, your account will receive full investment management for a very low annual fee. Your only responsibility will be to fund your account on a regular basis.
Unfortunately, Wealthfront has a Better Business Bureau rating of F, due to unanswered complaints. However, the company gets 4.9 stars out of 5 from more than 9,000 users on the App Store, and 4.8 stars out of 5 by more than 2,700 users on Google Play.
Investment Strategies Betterment vs Wealthfront
Betterment Investment Strategy
Betterment offers two plan levels, Digital and Premium. Premium is available for minimum account balances of $100,000, while Digital is open to all account balances. Like many robo advisors, Betterment has evolved past building and managing a basic portfolio comprised of a mix of stocks and bonds.
For example, if you choose the Premium Plan, you’ll have access to live financial advisors. But there are many other services and plans to choose from.
Read More: Betterment Promotions
Basic portfolio mix
Your portfolio will be invested in as many as six stock asset classes/ETFs and eight bond asset classes/EFTs.
Stocks:
US Total Stock Market
US Value Stocks Large Cap
US Value Stocks Mid Cap
US Value Stocks Small Cap
International Developed Markets Stocks
International Emerging Markets Stocks
Bonds:
US High-quality Bonds
US Municipal Bonds
US Inflation-Protected Bonds
US High-Yield Corporate Bonds
US Short-term Treasury Bonds
US Short-term Investment-Grade Bonds
International Developed Markets Bonds
International Emerging Markets Bonds
Use of value stocks
Notice that three of the six stock asset classes involve value stocks. This is a specialization of Betterment and represents a time-honored stock market investment strategy. Value stocks are investments in companies with stock prices that are low in relation to their competitors by various standard measurements. But the companies are deemed to be fundamentally sound, and therefore likely to outperform the general market once the investment community realizes the true value of the stocks.
In this way, Betterment makes an attempt to outperform the general market, such as the S&P 500 or even some broader indices.
Smart Beta
This is another investment strategy Betterment uses with the potential to outperform the general market. This specific portfolio is managed by Goldman Sachs. Smart Beta is a form of active portfolio management, which seeks high-quality companies with low volatility, strong momentum, and good value.
Since its a higher risk/high reward type of investing, it requires a minimum portfolio of $100,000.
Socially responsible investing (SRI)
This is an investment option increasingly being offered by robo advisors. However, with Betterment only a portion of your portfolio will be invested in SRI. They replace the ETFs in the International Emerging Market Stocks and US Value Stocks Large Cap with ETFs that specialize in socially responsible investing in those sectors.
Learn More: The Pros and Cons of Socially Responsible Investing
Flexible Portfolios
If you want more control over your investment portfolio, you can choose this option. It allows you to adjust the individual asset class weights in your portfolio allocation. Its also designed for more advanced investors and gives you an opportunity to increase allocations in asset classes you believe are likely to outperform the market.
BlackRock Target Income
For investors looking for income and safety of principal, Betterment offers this portfolio, which consists of 100% of bonds. There is some risk of principal in this portfolio but it’s designed to be minimal. You can even choose the level of risk and return you want. It won’t provide the type of long-term gains you’ll get from a stock portfolio, but it will offer the kind of steady income that will work especially well for retirees.
Tax-loss Harvesting
Tax-loss harvesting is a year-end strategy in which asset classes with losses are sold (and later replaced with comparable ones) to offset gains in winning asset classes. The strategy helps to defer taxable capital gains on growing asset classes.
Betterment makes this strategy available on all account balances. However, it’s only offered on taxable accounts since it’s completely unnecessary for tax-sheltered retirement plans.
Betterment Everyday Cash Reserve
If you’re looking to add a cash option to your investment portfolio, you can do it through Betterment Cash Reserve. The account is eligible for FDIC insurance up to $1 million. The minimum deposit is $10, and offers unlimited transfers, both in and out of your account.
Betterment Checking
The Betterment Checking account gives you the flexibility to manage your money in a way that best fits your financial goals. You’ll get this account with a debit card and you can use it to pay in person or online. You’ll also get FDIC insurance on your money.
The Betterment Checking account is an innovative way to manage your money. It’s faster, more secure, and requires zero minimum balance requirements. You can now deposit checks using their streamlined mobile app. Just take a picture and deposit checks will be there for you on the other side.
Wealthfront Investment Strategy
Unlike Betterment, Wealthfront has a single plan for all investors, with an annual management fee of 0.25% on all account balances. And like Betterment, Wealthfront has expanded its investment options menu in many different directions.
Basic Portfolio Mix
Wealthfront uses 11 asset classes in the construction of its portfolios, including four stock funds, five bond funds, plus real estate and natural resources.
The allocation looks like this:
Stocks:
US Stocks
Foreign Stocks
Emerging Market Stocks
Dividend Stocks
Bonds:
Treasury Inflation-Protected Securities (TIPS)
Municipal Bonds (on taxable investment accounts only)
Corporate Bonds
U.S. Government Bonds
Emerging Market Bonds
Alternatives:
Real Estate
Natural Resources
Use of Alternative Investments
Wealthfront includes real estate and natural resources in its portfolio composition. The real estate sector invests in companies that provide exposure to commercial property, apartment complexes, and retail space. Natural resources are held in ETFs representing that sector.
The combination of the two offers a stronger diversification away from a portfolio comprised entirely of stocks and bonds, largely because they offer protection in an inflationary environment. It’s possible for these sectors to perform well when the general financial markets are not.
Smart Beta
The Smart Beta option attempts to outperform the general financial markets. The strategy deemphasizes market capitalization in the creation of a portfolio. For example, rather than using the capitalization allocations of certain companies within the S&P 500, the strategy might increase some allocations and decrease others. It’s more of an active investment strategy and requires a minimum investment portfolio of $500,000.
Wealthfront Risk Parity
This is another investment strategy for investors with larger accounts and a greater appetite for risk. Its been shown to provide higher long-term returns, but it may use leverage to increase those returns.
Stock-level Tax-loss Harvesting
Tax-loss harvesting is available on all taxable investment accounts. But Stock-level Tax-loss Harvesting is available to larger accounts to provide more aggressive tax deferral.
This is a fairly complex investment strategy, but it involves the use of individual stocks to take greater advantage of tax-loss harvesting. The use of individual stocks will make it easier to buy and sell securities to minimize capital gains taxes. Depending on the specific plan, the required minimum investment ranges between $100,000 and $500,000.
Wealthfront Path
This is a software-based financial advisory, providing you with financial planning tools. They can help you plan for retirement or saving for the down payment on a house or a college education for one or more of your children. The apps run what-if scenarios, that can make projections based on various savings levels for each of your specific goals.
Though it doesn’t offer live financial advice, the service is free to use.
Wealthfront Cash
You can open an interest-bearing cash account with Wealthfront Cash Account with just $1. There’s no market risk, no fees, unlimited free transfers, and your account is FDIC insured for up to $5 million. The account currently pays 4.30% APY and provides a safe, cash investment to go with your stock portfolios.
And now, Wealthfront Cash allows you to get your paycheck up to two days early when you set up a direct deposit. They’ve also implemented the ability for you to invest directly into the market within minutes, straight from your Wealthfront Cash account. That means you can get paid early and immediately invest – giving you about extra days of investing each year.
Read more: Wealthfront Cash Account review
Wealthfront Portfolio Line of Credit
Much like a home equity line of credit, the Wealthfront Portfolio Line of Credit is secured by your investment account. You can borrow up to 30% of the value of your account for any purpose. There’s no prequalification since the line of credit is completely secured by your investment account.
The line of credit is automatic if you have a non-retirement account balance of at least $25,000. You can request funds against the line on your smartphone and receive them in as little as one business day.
Current interest rates paid on the line range between 2.45% and 3.70% APR, depending on the size of your account.
Retirement Planning Betterment vs. Wealthfront
One of the most common uses of robo advisors is the management of retirement accounts. Both Betterment and Wealthfront can manage all types of IRA accounts, similar to the way they do with taxable accounts. But each also offers some level of retirement planning.
Read More: Best Robo Advisors Find out which one matches your investment needs.
Betterment Retirement Planning
Betterment is strong in this category because in addition to their regular portfolios, they also offer income-specific investment options, like their BlackRock Target Income and Everyday Cash Reserve. The Target Income option in particular focuses on maximizing interest income, which is exactly what most people are looking for in retirement.
One of the advantages Betterment offers is that you can connect your 401(k) with your investment account. Betterment cant manage the 401(k) (unless chosen to do so by your employer through their 401(k) management plan), but they can coordinate your Betterment retirement account(s) with the activity in your employer plan.
And of course, if you have at least $100,000 in your Betterment account, you can enroll in the Premium plan and have access to live financial advisors.
But Betterment also offers its Retirement Savings Calculator to help you know if you’re on track for your retirement. By answering just four questions, they’ll be able to determine if your current retirement plan will provide the income you’ll need in retirement, taking your projected Social Security income into consideration. If it isn’t, it’ll let you know how much more you need to invest on a regular basis.
Wealthfront Retirement Planning
You can take advantage of Wealthfront Path to help you with retirement planning. You’ll start by linking your financial accounts so the program can get a better understanding of your finances. Recommendations to help you reach your goals are made based on the amount of regular contributions you’re making and the income you will need in retirement.
Path will analyze your spending patterns, your average annual savings rate, the interest you’re earning on those savings, as well as your investment and retirement contributions. It will also analyze the fees you’re paying on your investment and retirement accounts. Loan accounts are analyzed as well.
The information is assembled, and future projections are made. You’ll be given advice on any needed increases in savings for retirement contributions, as well as asset allocations. And perhaps best of all, since all your financial accounts are linked to the service, it will provide continuous updates on your progress toward your retirement goals.
Betterment Pros & Cons
No minimum initial investment or account balance requirement.
Reduced fee structure on larger account balances.
Use of value stocks seeks to outperform the general market.
Unlimited access to certified financial planners on account balances over $100,000.
Comprehensive retirement planning package.
Limited investment diversification, excluding alternative asset classes, like real estate and natural resources.
The annual management fee rises from 0.25% to 0.40% if you select the Premium plan.
The reduced fee structure on large account balances doesn’t kick in until you reach a minimum of $2 million.
Wealthfront Pros & Cons
Your account includes alternative investments, like real estate and natural resources. This offers greater diversification than a portfolio invested only in stocks and bonds.
The minimum initial investment is just $500. That’s not zero, but it’s an amount most small investors can comfortably start with.
Flat-rate fee of 0.25% on all account balances.
Larger accounts get the benefit of more efficient tax-loss harvesting strategies through Wealthfront Risk Parity.
The Wealthfront Portfolio Line of Credit lets you borrow up to 30% of the value of your non-retirement accounts at very low interest and with no credit check.
There’s no reduced management fee for larger account balances.
The retirement planning tool (Path) is an automated system and does not provide advice from live financial advisors.
Poor rating from the Better Business Bureau.
Bottom Line
We’ve covered a lot of territory and details in this side-by-side comparison of Betterment vs Wealthfront. The summary table below should help you to be able to compare the various services each offers with a quick glance.
Category
Betterment
Wealthfront
Minimum initial investment
Digital: $0 Premium: $100,000
$500
Promotions
Up To 1 Year Free
First $5,000 Managed Free
Management fees
Digital: 0.25% up to $2 million, then 0.15% above Premium: 0.40% to $2 million, then 0.30%
0.25%
Available accounts
Individual and joint taxable accounts; traditional, Roth, rollover and SEP IRAs; trusts and nonprofit accounts
Individual and joint taxable accounts; traditional, Roth, rollover and SEP IRAs; trusts and 529 accounts
Rebalancing
Yes
Yes
Dividend reinvestment
Yes
Yes
Tax-loss harvesting – on taxable accounts only
Yes
Yes
Socially-responsible investing
Yes
Available through Smart Beta ($500,000 minimum) and Stock-level Tax-Loss Harvesting ($100,000 minimum)
Smart Beta investing
Yes
Yes, minimum $500,000
Interest bearing cash account
Yes
Yes
Line of credit
No
Yes
Financial advice
Yes, on Premium Plan only
Automated only
Mobile app
Yes
Yes
Customer service
Phone and email, Monday through Friday, 9:00 am to 6:00 pm Eastern time
Phone and email, Monday through Friday, 10:00 am to 8:00 pm Eastern time
You’ve probably already guessed were not declaring a winner between these two popular roboadvisors. Both are first rate and you can’t go wrong with either. More than anything, your decision will likely come down to specific details–what features and benefits one offers that better suits your own personal preferences and investment style.
But one advantage that’s undeniable with both Betterment and Wealthfront is that not only is each a first-rate service, but they provide enough investment options and related services that they can accommodate your growing financial capabilities and needs well into the future.
For example, while you may start out with a basic managed portfolio, you’ll eventually want to get into higher risk/higher reward options as your wealth grows. As well, you’ll like the flexibility of having high-interest cash investment options, as well as low-cost or free financial or retirement advice.
We like both these services and are certain you can’t go wrong with whichever one you choose.
Betterment Cash Reserve Disclosure – Betterment Cash Reserve (“Cash Reserve”) is offered by Betterment LLC. Clients of Betterment LLC participate in Cash Reserve through their brokerage account held at Betterment Securities. Neither Betterment LLC nor any of its affiliates is a bank. Through Cash Reserve, clients’ funds are deposited into one or more banks (“Program Banks“) where the funds earn a variable interest rate and are eligible for FDIC insurance. Cash Reserve provides Betterment clients with the opportunity to earn interest on cash intended to purchase securities through Betterment LLC and Betterment Securities. Cash Reserve should not be viewed as a long-term investment option.
Funds held in your brokerage accounts are not FDIC‐insured but are protected by SIPC. Funds in transit to or from Program Banks are generally not FDIC‐insured but are protected by SIPC, except when those funds are held in a sweep account following a deposit or prior to a withdrawal, at which time funds are eligible for FDIC insurance but are not protected by SIPC. See Betterment Client Agreements for further details. Funds deposited into Cash Reserve are eligible for up to $1,000,000.00 (or $2,000,000.00 for joint accounts) of FDIC insurance once the funds reach one or more Program Banks (up to $250,000 for each insurable capacity—e.g., individual or joint—at up to four Program Banks). Even if there are more than four Program Banks, clients will not necessarily have deposits allocated in a manner that will provide FDIC insurance above $1,000,000.00 (or $2,000,000.00 for joint accounts). The FDIC calculates the insurance limits based on all accounts held in the same insurable capacity at a bank, not just cash in Cash Reserve. If clients elect to exclude one or more Program Banks from receiving deposits the amount of FDIC insurance available through Cash Reserve may be lower. Clients are responsible for monitoring their total assets at each Program Bank, including existing deposits held at Program Banks outside of Cash Reserve, to ensure FDIC insurance limits are not exceeded, which could result in some funds being uninsured. For more information on FDIC insurance please visit www.FDIC.gov. Deposits held in Program Banks are not protected by SIPC. For more information see the full terms and conditions and Betterment LLC’s Form ADV Part II.
DoughRoller receives cash compensation from Wealthfront Advisers LLC (“Wealthfront Advisers”) for each new client that applies for a Wealthfront Automated Investing Account through our links. This creates an incentive that results in a material conflict of interest. DoughRoller is not a Wealthfront Advisers client, and this is a paid endorsement. More information is available via our links to Wealthfront Advisers.
“Combined with our capital, it will make us one of the best-capitalized players in the marketplace,” Garg told MPA in an interview via Zoom. “It will allow us to continue to double down on ‘one day mortgage’ which has become our flagship product, greater access to capital and something we’re really excited about being able … [Read more…]
One of the least densely-populated states in the country, Montana attracts residents who really thrive in an outdoor environment. With plenty of outside recreation, activity is never at a minimum, even if you’re living in a more rural area of the state.
Views are spectacular here and varied. Without leaving Montana, you can see mountains, valleys, plains, hills, lakes, rivers and so much more. This landscape remains in pristine condition thanks to fewer cities, as well.
All that Montana offers definitely caters to those looking for an activity-based, laid-back lifestyle that isn’t without modern amenities and professional opportunities.
Will Montana and your budget come together without issue? Let’s find out by looking at the key costs of living in Montana.
Montana housing prices
Montana is a state of extremes. Some cities are retaining their small-town charm, growing on the slower side and keeping average housing costs more affordable. Other cities are doing the complete opposite, attracting so many people housing prices are skyrocketing. Both are some of the best places to live in Montana, these two cities perfectly represent these opposing price points of the cost of living in Montana.
Great Falls
Sitting on both banks of the Missouri River, Great Falls holds plenty of American history within it. Lewis and Clark passed through Great Falls during their famous expedition, and you’ll find a museum dedicated to cowboy art here.
All of this history comes at an affordable price when looking at housing. Prices are 22.3 percent below the national average. This keeps the average home price in Great Falls down to $322,450, and that means rents are pretty reasonable.
The average monthly rent for a one-bedroom apartment will cost $1,745. This is only an increase of 23 percent over last year. Two-bedroom apartments are seeing much more growth when it comes to price, rising by 51 percent over last year to an average of $1,895 per month.
Bozeman
Unlike Great Falls, Bozeman is experiencing a lot of growth right now. This is due to the state’s classification as a technological and cultural center. This fast-moving boost to the city has driven up housing to 54.8 percent above the national average.
Housing all around in Bozeman is more expensive and prices have jumped up a lot over last year. Home prices aren’t left out of this growth, and the average home in Bozeman costs $620,000.
Food prices
Montana as a state is known for its variety of meat and fruit. You can sample bison burgers (well, anything with bison meat, really,) elk, flathead cherries and huckleberries, just to name a few. With a potentially unique shopping list, Montana residents spend between $267 and $300 per month on groceries. Similar to housing prices, this puts one city over the national average and one under.
Great Falls is 8.4 percent below the national average
Bozeman is 7.1 percent above the national average
This means certain grocery items will vary greatly between the two cities. For example, steak in Bozeman is almost a dollar more than in Great Falls. Coffee is over $1.50 more in Bozeman, as well. Other food items, though, are the same price. Lettuce is $1.78 no matter where you live.
Food prices also impact the average cost of a night out to dinner. A three-course meal for two is $77.50 in Bozeman. That’s 27 percent more than the same meal will cost in Great Falls.
Utility prices
The cost of living in Montana for utilities is the one area in Montana where most cities fall below the national average in cost.
Great Falls is 15.6 percent below the national average
Bozeman is 13.7 percent below the national average
This is in spite of the cold and the potential for those big heating bills, which are highly likely considering the amount of snow in Montana every year. Great Falls gets an average of 58 inches of snow per year, and Bozeman gets an average of 65 inches.
Transportation prices
Throughout Montana, most cities have pretty average accessibility when it comes to walking and biking. Many supplement with public transportation, but car ownership is important.
What’s interesting here is which city is above and which is below the national average regarding transportation prices.
Bozeman is 0.4 percent below the national average
Great Falls is 6.4 percent above the national average
Bozeman is likely less expensive than Great Falls in this case because its public transportation system is actually free.
GFT in Great Falls
For public transportation in Great Falls, it’s all about the GFT, or Great Falls Transit. It consists of seven bus routes that go in every direction throughout the city, but what’s unique is the system’s hours of operation.
While most cities have late-night transportation, the GFT service ends Monday-Friday at 6:30 p.m. and at 5:30 p.m. on Saturdays. The buses don’t run at all on Sundays.
Another unique feature of the GFT is that buses stop at any street corner along its route as long as it’s safe and they’re not blocking an intersection. When you need the bus to stop to pick you up, you simply wave as the driver approaches to notify them you wish to board.
An adult, one-way fare on the GFT is $1.00, but you can get a punch pass for $10, which gives you 11 rides. You can also buy a monthly pass for $30.
Streamline in Bozeman
Also consisting of buses, the Streamline system of public transportation in Bozeman is a zero-fare transit system. Every line is color-coded for easy navigation with both weekday and weekend routes. You have your choice between the blue, purple, brown, pink or gold lines.
Scheduling here is also unique, with buses taking a break on the weekends. On Saturday and Sunday specifically, daytime service ends at 6:15 p.m., picking back up again at 8 p.m. and running until 2:30 a.m. This late-night bus also runs on Thursday and Friday, but overlaps with the daytime schedule.
Healthcare prices
When it comes to healthcare, Montana cities primarily hit right at the national average for costs.
Bozeman is 0.5 percent below the national average
Great Falls is 0.1 percent above the national average
You’d think this would create some consistency across the average cost of a doctor’s visit, but unfortunately, it does not. In Bozeman, the average doctor’s visit is $113.50, but you’ll pay over $26 more in Great Falls. The average for a doctor’s visit there is $139.50.
Goods and services
Goods and services are all those non-essential items you like to have in your monthly budget. They’re not necessary to survive, but sure make living more comfortable. Like so many components that go into the total cost of living in Montana, prices here hit above and below the national average.
Great Falls is 12.9 percent below the national average
Bozeman is 17.7 percent above the national average
Numbers here are potentially influenced by the high levels of growth in Bozeman. The rapid influx of people could create most businesses and increase the competition for goods and services, driving prices up.
The best way to see how these average differences really impact your monthly budget is to look at a few goods and services that could make it onto your list.
To get a hamburger out with friends in Great Falls, you’ll pay an average price of $5.35, but in Bozeman, that same burger is 31 percent more, costing $7.75
To get a haircut in Great Falls, the average cost is $14, but in Bozeman, that cut is 58 percent more at $33.33
To go see a movie in Great Falls, the average ticket cost is $10.99, but going to that same movie in Bozeman ups the price by 19 percent to $13.50
You can even see differences like this when looking at goods and services that have a significant expense, like childcare. The cost of a full-day, private preschool in Great Falls is $675 per month, but in Bozeman, the cost rises to $725 per month, a 7 percent differential.
Just about any service or item for purchase will be higher in a more developed city like Bozeman when compared to a slower-growing city like Great Falls.
Taxes in Montana
Montana taxes are a bit different than many states. It doesn’t have a state sales tax and also doesn’t have any local sales taxes. Instead, the focus is on a graduated individual income tax. Rates for this tax range from a single percent up to 6.75 percent.
What this means is that when you spend $1,000 to begin furnishing your newly-rented apartment, none of that total gets taken away by taxes.
How much do I need to earn to live in Montana?
Living in Montana most likely means paying less rent than you would in the more urban areas of the country. Since rent makes up the largest chunk of your cost of living, making sure you can afford it first really is key.
The majority of experts say you need to put 30 percent of your annual income toward rent. The average rent in Montana for a one-bedroom apartment is $1,954. This means you need an annual salary of $78,160 to live comfortably in a single bedroom.
This can make apartment hunting in certain areas harder given that the annual mean salary in Montana is $49,340. You’ll most likely have more options living away from larger urban areas, so opt for smaller cities or suburban communities when you want more housing options.
To get the numbers exact, though, it’s best to work up your own budget when it comes to the cost of living expenses. You can get started figuring out rent as part of your cost of living in Montana by using our rent calculator.
Living in Montana
Montana is easily one of the most picturesque states in the country. Not only that, its less-dense population means there’s more open space to simply enjoy. If an outdoorsy lifestyle is what you crave, in a state that won’t cost you an arm and a leg, Montana is the perfect place for you. The cost of living in Montana makes it very doable.
The Cost of Living Index comes from coli.org.
The rent information included in this summary is based on a calculation of multifamily rental property inventory on Rent. as of July 2022.
Rent prices are for illustrative purposes only. This information does not constitute a pricing guarantee or financial advice related to the rental market.
When someone heads off to college, they are often setting up a whole new household. They want and need items that help them get their new lifestyle up and running. If you are buying gifts for a student, you can help them achieve that by giving them items that are convenient, practical, and a little bit fun.
That’s where this list can come in handy. It identifies some of the most useful, in-demand gifts you could give a recent high-school grad or current college student. Plus there are clever ideas that may well elicit an “I love it!” from the recipient, such as a subscription to a favorite streaming service.
Read on for smart, inspiring ideas for presents for the students in your life.
Apparel and Accessory Gifts for College Students
College students need to be prepared for any situation on campus, whether that’s a winter storm, a job interview, or a trip to the school’s gym to workout. Clothing and accessories are college gifts that are likely to be appreciated. They’re practical, of course, and can help the recipient save money on clothes.
1. Backpack
A good-quality and versatile backpack is a college staple. Your college student may want a waterproof bag with plenty of compartments with room for books, a laptop, and other personal items. The backpack should also be comfortable to carry around throughout the day and durable enough to last for several semesters.
2. Messenger Bag or Tote Bag
An office-ready tote or messenger bag can be great for internships or interviews. Plus, it can be used beyond college.
3. Activewear
Whether they’re playing on a college team, a regular at the gym, or just like the style and comfort, activewear can be a useful gift for most college students. There are many different styles and brands at various price points.
4. Gym Bag
For college students who may use the school’s gym facilities or participate in a sport, a gym bag is essential. Make sure to get an appropriate size bag depending on how much they need to carry.
5. Outdoor Winter Gear
This may not be as important if they’re attending school in a warm location, but students need warm winter clothing when they’re walking back and forth between classes. Your college student may need warm winter boots for the snow, a heavy coat, thick socks, a hat, and gloves. And those can be pricey, so they make a great gift.
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6. Waterproof Gear
The last thing a college student wants is a wet bag while they’re carrying their textbooks and laptop. A waterproof backpack and an umbrella should help protect expensive gear and a raincoat and boots should keep your college student dry between classes.
7. College Hoodies/Sweatshirts
One popular gift for college students is a hoodie or sweatshirt with the school’s team logo. This can typically be found through the college’s website or they may sell them on campus as well.
This type of gear can be especially fun for students to wear when getting involved in on-campus activities and showing their school spirit.
8. Loungewear
The dorm will be home for the next couple of semesters so it’s important to be comfortable. Loungewear can be found online or in stores and come in a variety of styles and prices.
9. Professional Attire
A professional outfit is a must for the college student going on interviews or for any formal gathering. If you don’t feel comfortable picking out an office-ready outfit, there are subscription services available with styles based on the information filled out by the recipient, or a gift card to a specific store may work as well.
Another great idea for a present for a college student: a gift card to a specific store.
Recommended: What Is College Like?
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Dorm Room Gifts for College Students
There are too many dorm room college essentials to list. The little things go a long way and can help make college life more comfortable and enjoyable.
10. Bedding/Blankets
Most colleges only supply a mattress, so students must bring their own sheets, blankets, and pillows. Colleges typically have dorm beds with a twin XL mattress, but it should be confirmed with the school before buying bedding. Make sure to buy an extra set of sheets so that they always have a clean set.
11. Basic Kitchenware
Whether your college student has a dorm room kitchen or will mostly be eating in the dining hall, basic kitchenware is a necessity for a quick meal or a late-night snack. Basic kitchenware includes utensils, knives, plates and bowls, cups, and food storage containers.
12. Laundry Basket
Dorms typically don’t provide a washer and dryer in the dorm room so students will need to bring their laundry to the communal laundry room.
13. Alarm Clock
Getting up on time for classes can sometimes be a struggle so your college student may need a little help. A digital alarm clock should do the trick even for the heaviest of sleepers.
14. Bathrobe
Aside from the comfort and luxury that bathrobes may bring, they’re a necessity for college. A bathrobe will give a little bit of extra security when your college student goes to take a shower.
15. Storage
Dorm rooms are usually small, so your student will want to maximize every inch they have. There are tons of great storage solutions from under-bed bags and bins, over-the-door storage racks, and hanging strips or hooks.
16. Desk Supplies
Desk supplies are a must-have and make great gifts for college students. Consider desktop organizers, pens and pencils, a lamp, and also a comfortable desk chair.
17. Lap Desk
A lap desk can make a convenient gift for college students to make studying around campus more comfortable. They’re portable and perfect for taking notes or setting a laptop.
18. Streaming Service
It’s easy to spend a lot of money on streaming services, and college students are typically on a tight budget. Get a gift card for one or a couple of streaming services to gift your college student.
19. Personal Safe
If your student has expensive or important items, it’s important they’re kept in a safe location. A small personal safe to protect valuables can give your college student some peace of mind when living with roommates. Plus, if they work a cash job and want to save the money for tuition, they will have a safe place to stash it.
20. Games
Board games or card games are perfect for a relaxing night with roommates and friends.
Food and Drink Gifts for College Students
College cuisine doesn’t have to be instant ramen or dining hall meals. You might help your student get set up to cook meals for themselves, which can be a way to save money on food, given how pricey takeout can get. Before purchasing any kitchen appliances, contact a residential assistant to double-check if they are allowed in dorm rooms at the student’s school.
21. Insulated Water Bottle
It’s a simple gift but a leak-proof insulated water bottle will keep cold drinks cold and hot drinks hot for hours.
22. Microwave
A microwave for a college dorm needs to be compact as college students aren’t working with much space. It should be big enough to fit a full-sized plate but small enough to fit on a narrow counter.
23. Mini-Fridge
A mini-fridge is good for keeping drinks cool or storing a few snacks.
24. Electric Multi-Cooker
Multi-cookers, like the InstantPot, are simple machines but can take dorm room dishes to the next level. With a multi-cooker, college students can free up space and replace multiple kitchen appliances: rice cooker, frypan, pressure cooker, slow cooker, yogurt maker, and steamer. Worth noting again, before buying any kitchen appliances — confirm they are allowed in the dorm rooms at your student’s school.
25. Coffee Maker
It may be nice to get a coffee from the local coffee shop every morning, but the cost can add up. College students on a budget can save some cash by using a coffee maker instead.
Recommended: earn money at home (or at their dorm room), whether selling things online or perhaps tele-tutoring in a subject they love.
27. Portable Charger
A portable charger ensures your college student can study, take notes, and work on assignments without worrying about their battery dying. Portable chargers come in a variety of forms with a range of features.
28. Noise-Canceling Headphones
Dorm rooms and other areas around campus sometimes don’t make the best environment for studying. Noise-canceling headphones give your college-bound student a distraction from the surrounding noise.
29. Power Strip
You can never have too many power outlets. Your college student’s dorm room may not have enough outlets for their needs.
30. USB Flash Drive
College students may need a reliable USB flash drive to use when going to the library to work on a project, when a printer isn’t working, or when moving large files. Flash drives come in a range of storage capacities and prices.
31. Portable Bluetooth Speaker
It may not be a must-have, but a portable bluetooth speaker is a fun gift for college students. There are even waterproof models for a little extra protection.
The Takeaway
Still, stumped when it comes to finding gifts for college students? Cash or gift cards go a long way and it allows your college student to purchase exactly what they want or need. A gift card can be used for their favorite restaurant or store or some cash can go towards college books, saving for college tuition, or anything else they may need.
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SoFi members with direct deposit activity can earn 4.50% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. Direct Deposit means a deposit to an account holder’s SoFi Checking or Savings account, including payroll, pension, or government payments (e.g., Social Security), made by the account holder’s employer, payroll or benefits provider or government agency (“Direct Deposit”) via the Automated Clearing House (“ACH”) Network during a 30-day Evaluation Period (as defined below). Deposits that are not from an employer or government agency, including but not limited to check deposits, peer-to-peer transfers (e.g., transfers from PayPal, Venmo, etc.), merchant transactions (e.g., transactions from PayPal, Stripe, Square, etc.), and bank ACH funds transfers and wire transfers from external accounts, do not constitute Direct Deposit activity. There is no minimum Direct Deposit amount required to qualify for the stated interest rate.
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SoFi Bank shall, in its sole discretion, assess each account holder’s Direct Deposit activity and Qualifying Deposits throughout each 30-Day Evaluation Period to determine the applicability of rates and may request additional documentation for verification of eligibility. The 30-Day Evaluation Period refers to the “Start Date” and “End Date” set forth on the APY Details page of your account, which comprises a period of 30 calendar days (the “30-Day Evaluation Period”). You can access the APY Details page at any time by logging into your SoFi account on the SoFi mobile app or SoFi website and selecting either (i) Banking > Savings > Current APY or (ii) Banking > Checking > Current APY. Upon receiving a Direct Deposit or $5,000 in Qualifying Deposits to your account, you will begin earning 4.50% APY on savings balances (including Vaults) and 0.50% on checking balances on or before the following calendar day. You will continue to earn these APYs for (i) the remainder of the current 30-Day Evaluation Period and through the end of the subsequent 30-Day Evaluation Period and (ii) any following 30-day Evaluation Periods during which SoFi Bank determines you to have Direct Deposit activity or $5,000 in Qualifying Deposits without interruption.
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Silversea is a leader in the luxury, small-ship cruising market. These cruises typically appeal to the high-end traveler looking for personalized service, upscale dining and accommodations, access to smaller ports and a top-notch vacation experience.
If you’re in the market for a high-end cruise vacation, here’s everything you need to know about Silversea.
About Silversea
You won’t find waterslides, kids clubs or roller coasters on a Silversea cruise.
Instead, expect an elevated experience designed for those looking for a relaxing yet entertaining sailing. Here are a few key features of Silversea cruises:
Accommodations
Every one of Silversea’s cabins has an ocean view, and they’re all designated as suites with a high space-to-guest ratio. For guests’ needs throughout the cruise, butler service is available in every room.
Some suites are more luxurious — smaller suites only have windows overlooking the ocean, while classic veranda suites and many others come with a balcony.
Some room categories, such as the ultra-luxurious Otium Suite, are exclusive to Silversea’s newest ship, Silver Nova. Others are found across the fleet, although accommodations on board each vessel may differ slightly.
All-inclusive sailings
Many cruise lines charge their passengers a base fare for the trip, allowing them to choose various add-ons — such as beverages, specialty restaurants, internet access and port excursions — for an additional cost.
Silversea does away with this. It advertises an all-inclusive cruise package, which includes everything from shore excursions and alcoholic drinks to butler service and gratuities.
Primary U.S. ports
Silversea ships span the globe, but travelers that don’t want to venture too far from home will find many cruises departing from Fort Lauderdale and San Juan, Puerto Rico. Trips also depart from New York City for destinations in Canada.
Those wishing to depart from the West Coast can set sail from San Francisco or Los Angeles. Ships from these ports travel to the Caribbean, Alaska, Canada and other far-flung destinations.
Where does Silversea sail?
Silversea’s destination map is extensive, with over 900 ports on all seven continents. Sailings are at least six days long, but trips can last several weeks to a month or more.
For those with the time and the money, Silversea offers World Cruises that travel from continent to continent in a global adventure that can take as many as 140 days.
How much does a Silversea cruise cost?
Silversea sailings are no discount venture, but the all-inclusive nature of each cruise adds value.
Meals, drinks, entertainment and onboard special events are all part of the price. The rates vary based on demand, destination and time of year.
There are two types of prices: “door-to-door,” which includes airport transfers and airfare, or “port-to-port,” which is the cruise fare without any transportation to or from the port.
Rates can vary from as low as $2,800 for a seven-day trip from Colombia to Florida to $94,700 for a 125-day expedition cruise from Chile to Norway.
Silversea also offers special fares for single travelers on select excursions, which provides a discount instead of paying the full cost of a double-occupancy cabin.
What is the best Silversea ship?
There are 13 ships in the Silversea fleet — with more scheduled for delivery in the coming years — ranging in size from 51 to 364 cabins. The best ship, however, will depend on the type of sailing you want.
The smallest ships are typically expedition ships that sail itineraries like the Galapagos or Antarctica. For example, the 100-passenger Silver Origin was Silversea’s first purpose-built destination ship, built explicitly for cruising in the Galapagos. It is also the most environmentally-friendly ship built by Silversea.
Another small ship is the Silver Explorer, with a capacity for 144 guests and a strengthened hull to sail in Antarctica and the Arctic safely.
On the other end of the spectrum, you have larger ships such as Silver Spirit, which was renovated in 2018. With space for 608 passengers, it spends much of its time sailing around Europe, the Middle East and the Indian Ocean.
Ships like Silver Spirit look more like cruise ships, with amenities that include larger pools, lounges and plentiful dining options. Expedition ships are smaller by nature and therefore have fewer onboard facilities.
The best Silversea ship depends on the type of traveler you are, the destinations you want to visit, and the amenities you desire.
What is the newest Silversea ship?
Silver Nova is Silversea’s newest ship, with plans to set sail later this summer. It will also be the largest ship in the Silversea fleet, with space for 728 passengers. Coming in 2024 is a second ship of the same size, the Silver Ray.
These ships feature a new asymmetrical design that gives their interiors a more spacious feel. Additionally, they’ll have the largest pools in the Silversea fleet, and every suite will have a balcony.
What’s included in a Silversea cruise
As mentioned above, Silversea advertises its cruises as all-inclusive, and compared to many cruise lines, this is pretty accurate. Here’s what’s included with all Silversea cruises:
24-hour butler service.
Complimentary beverages, including alcohol, around the ship and in minibars.
Gourmet meals, including room service and specialty restaurants.
Gratuities.
Select shore excursions.
Wi-Fi access.
Onboard lectures and entertainment.
Passengers who opt for the door-to-door all-inclusive option will also receive the following:
Private transfers to and from their home airport.
Airfare to and from the port city, including international flights.
Transfers between the ship and the airport.
Overnight hotel stays in the port city on arrival or before returning home, if needed.
A few items are not included in the fare and will incur an additional cost:
Meals or accommodations while on shore.
Some shore excursions.
Reservation fees for select restaurants.
Laundry service.
Personal spa or beauty services.
Silversea loyalty program: Venetian Society
Unlike other cruise loyalty programs, Silversea’s program — the Venetian Society — does not award points. It doesn’t have elite status tiers, either. Instead, members earn “days” based on the length of each sailing. The more days they accrue, the more benefits they can receive.
Here’s what Venetian Society members can expect to receive based on the number of days accrued:
All members. By joining the program and completing your first sailing, you’re eligible for 5% savings on certain upcoming sailings. This can represent great value on expensive cruises, meaning signing up makes sense even if you only plan to sail occasionally.
100+ days. 5% savings on all future door-to-door sailings.
250+ days. 10% savings on all future door-to-door sailings.
350 days. Once you reach this level, you are eligible for one complimentary seven-day sailing.
500 days. Reaching this milestone means enjoying a complimentary 14-day trip.
500+ days. After this landmark, members will receive one complimentary seven-day trip for each additional 150 days they sail.
How to redeem Silversea days
The best part about the Venetian Society is that the benefits are cumulative. It’s not similar to a points program where once you redeem points, your balance gets lower until you earn more. With Venetian Society, you can take advantage of that perk once you hit the next milestone while enjoying previous bonuses.
For example, once you hit 350 days, you are eligible for a complimentary seven-day voyage. But, you can also take 10% off any door-to-door cruises — a perk you receive after reaching 250 days — you book after that.
Frequently asked questions
Does Silversea have free Wi-Fi?
Yes. Like most of its onboard amenities, Silversea cruises include basic Wi-Fi free of charge. Those in upper suites will receive free premium Wi-Fi speeds, and other guests can pay for a faster speed package. The prices vary by sailing and ship.
Is Silversea all-inclusive?
Yes, everything is included in the “port-to-port” fare. Adding airfare and ground transfers is part of the “door-to-door” offering.
How much is the Silversea drink package?
Drinks are included in the all-inclusive fare, so no additional drink package is offered.
Does Silversea require a covid vaccine or test?
No, but some destinations may have their requirements. For example, there may be some destinations or embarkation points where unvaccinated travelers must provide a negative covid test, and vaccinated travelers would have to show proof of receiving the vaccine. All requirements and protocols are subject to change.
(Top photo courtesy of Silversea)
How to maximize your rewards
You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2023, including those best for:
If you’re new to investing, the idea of getting started can be daunting. After all, you probably don’t have tens of thousands of dollars lying around to build a portfolio and feel like you can’t make much of a difference with the disposable cash you do have.
Luckily, though, you can start your investment journey for a lot less–even if you only have $100 to begin.
The most important part of investing is getting started as early as possible. Rather than waiting until you have a large sum of money saved up, you can get started today and begin growing your savings. Before you know it, you’ll be well on your way to building a healthy portfolio that earns you interest and sets you up for financial success for as little as $100.
Let’s look at a few fun (and low-cost) ways that anyone can start building an investment portfolio today.
Overview: Where and How to Invest $100
Investment Type
Best For
High-yield savings accounts
Emergency funds and money that needs to be accessible
Certificates of deposit (CDs)
Those who don’t need to touch their funds right away
Company retirement accounts
Easy contributions, company matching, and investment diversification
Investment apps
On-the-go recommendations that are easy to access and often free
Robo-advisors
A hands-off approach with a diversified portfolio
Peer-to-peer lending
High risks but also high rewards
1. Start with High-Interest Savings Accounts
The easiest and most flexible way to begin your investment adventure is actually to start saving your money in a high-yield savings account. While your returns will be more limited than they would be on the stock market, it will also be a safer investment–and you can withdraw your funds at any time without penalty.
If you don’t already have a sufficient emergency savings account established (ideally, six months’ worth of expenses), this is a must. Even if you do have some money saved away, a savings account can be a great way to keep a smaller amount of funds safe and secure, yet accessible.
The savings accounts of today won’t earn you as much as they would have ten or twenty years ago. However, there are some online banks offering as much as 1.80% on high-yield savings accounts right now, and the interest rate climbs all the time. This makes them a great introduction to the world of interest-bearing funds.
Some of our favorite banks for high-yield savings accounts include CIT Bank, Ally Bank, and Capital One 360. All three are online banks, charge no fees for savings accounts, and offer some of the highest interest rates on the market today.
Want to see even more of the best interest rates and the banks offering them? Check out our list here.
2. Earn With A CD
If you want your money to grow a bit more than it would with a high-yield savings account but still need the funds to be secure against market drops, then you can look into a certificate of deposit, or CD. These savings vehicles offer a guaranteed rate of return on your investment in exchange for locking your money away for a specified period of time.
As long as you leave the funds alone until the end of the CD term, you will receive your full investment amount plus the agreed-upon interest. It’s a safe, easy way to earn extra cash on your savings!
CDs come in a number of different flavors. For instance, there are CDs ranging in term from as little as three months to as many as five or six years. The longer the term, the higher interest rate you’ll be offered. Plus, many of them have low minimum deposit requirements, meaning that you can get started even if you only have $100 to tuck away.
As long as you know for certain that you won’t need to withdraw your funds early (which usually involves a painful early-withdrawal penalty), putting cash into a CD is a safe and easy way to invest.
3. Invest in Your Retirement Through Work
Interested in tax-advantaged retirement funds that will help you invest in your future? Then look into starting (and fully funding) an IRA in addition to your 401(k), through your employer.
If your employer offers to match contributions toward your 401(k), you should always take advantage of this. Even if you only contribute enough to collect the full employer match, that’s fine; failing to do so is essentially leaving free money on the table, though. Plus, your 401(k) contributions are tax-deductible and will grow over time, providing you with a healthy retirement nest egg for your future.
IRAs are also excellent long-term investment vehicles, primarily for the tax benefits. If you open a traditional IRA, your contributions will be tax-deductible up to the annual maximum. If you qualify for a Roth IRA, your contributions won’t be tax-deductible now, but your withdrawals will be when the time comes to utilize those funds.
Saving for retirement is the second-most-important priority (behind establishing a healthy emergency savings account). Before worrying about building a stock market investment portfolio, be sure that you are setting your older self up for success.
4. Utilize an Investment App
Ready to dabble in the stock market, but don’t quite know where to start? Or maybe you don’t think that you have enough investable funds to warrant a stock brokerage? Well, then an investment app might be the perfect introduction for you and your money.
There are a number of intro-to-investing apps on the market today, but one of our favorites is called Stash. After answering a few questions to determine your investment style (do you want to be super conservative with your money or risk more in order to potentially make more?), Stash will curate the perfect recommendations for you.
To start using Stash, you only need $5, making it one of the most flexible and affordable investment options around. Plus, if your account balance is below $5,000, your monthly service fee for using the app is a single dollar.
Yep, for only $3, you can get curated investment options as well as a wealth of advice and resources. This makes Stash truly ideal for beginner investors who don’t really know where to start or aren’t ready for a financial advisor just yet.
Sign up for Stash and get a $5 bonus after funding your account with $5.
To read our complete review of Stash and learn more about the app, see our write-up here.
Alternatively, Acorns uses your spare change to make thoughtful investments across a diverse portfolio. It starts the process by siphoning off the change from your spending. If you buy a drink for $4.75, the app pays the vendor the correct amount and puts the remaining $0.25 in an account ready for investing.
The app is essentially a robo-advisor that automatically invests money you wouldn’t otherwise miss. Your portfolio can easily be spread across thousands of individual securities using just a small amount of funds. Read more in our Acorns Review.
Related: The Best Investment Apps
Another app we love is Public. Public is unique because it makes the stock market social. You can follow your friends and other investors and have conversations about companies and trends to build your financial literacy over time. There are even a few famous faces on the app, like Girlboss founder Sophia Amoruso, Adobe Chief Product Officer Scott Belsky, and NBA legend, Shaq.
In addition to the social piece, Public offers fractional shares for thousands of public companies and even popular ETFs from Fidelity and BlackRock. This makes it possible to build a portfolio with just $100, because you can invest with dollar amounts (e.g. $1 worth of Amazon stock, if you like).
Public also has a fun Themes tab where you can discover and learn about companies based on your values and interests. The Growing Diversity theme spotlights companies with high marks for diversity and inclusion. Infinity and Beyond curates companies involved in space travel. Made in the USA spotlights companies who support job creation domestically.
You won’t pay any commissions for standard stock and ETF trades with Public. It’s also one of the first free trading apps to announce that it will no longer participate in payment for order flow (PFOF). This decision removes any conflict of interest from its business model. Public also added an optional Tipping feature on trades and hopes that community support will help to offset the revenue it will lose by forgoing the PFOF model.
Read our review of Public
Related: How to Invest in the Stock Market: A Guide
If you’re looking to diversify your portfolio, you could try Masterworks. Masterworks enables you to buy shares in blue-chip artwork pieces by household names like Van Gogh and Andy Warhol. While the value of art is inherently subjective and therefore a high-risk investment blue-chip works like these have historically outperformed the stock market by a significant margin.
Masterworks looks to buy a new work every 1-2 months, and pieces typically sell after 5-10 years, making it a long-term play. Works can only be sold when all owners agree to do so with no owner permitted a greater than 20 percent share, so as not to give them undue influence. As such, it is an illiquid asset, but long-term value investing is no bad strategy.
Aside from shared ownership of blue-chip art, Masterworks big innovation is using blockchain to both reliably value the art, and maintain accurate ownership records of all pieces. Plus, they’re planning to open a free-to-access gallery where you can visit your investment.
Read our full review of Masterworks or visit Masterworks.
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5. Robo-Advisors Might Be the Answer
There is a growing number of robo-advisors on the market today, most of which offer you automated investment options for an affordable price tag. This makes them a great option for beginners or hands-off investors who want their money to grow without constant oversight.
Companies like Betterment offer easy-to-use platforms that make investing as simple as using a savings account. Simply add the money you want to invest (as much or as little as you can afford each month) to your account and watch Betterment work its magic by investing your funds in ETFs (exchange traded funds).
Robo-advisors will help you rebalance your portfolio over time, can reinvest your dividends, and will even help you with tax-loss harvesting. The fees are a bit higher than you would find if you invested your funds directly with a company, but the added expense may be well worth it to you for the convenience of a hands-off approach.
You can also opt for a robo-advisor such as Ally Invest or M1. Ally’s trading platform is free for stocks and ETF’s, and charges less than $10 per trade for mutual funds. With M1, there are no fees to worry about as long as you meet low investment minimums on the platform.
6. Check Out Peer-to-Peer Lending
Looking for a quick return on your funds, whether you’re investing $25 or $2,500? Then look into peer-to-peer lending.
Platforms like Lending Club and Prosper allow approved investors to put up funds in denominations as low as $25. You’ll be able to choose the peer loans that you’re most interested in, lending money directly to borrowers and enjoying return rates ranging from 5% to as high as 33% in some cases.
Peer-to-peer (P2P) lending comes with additional risks, but with great risk comes great rewards namely in the form of interest rates higher than you’re guaranteed to find elsewhere.
FAQs
Curious how you can grow your investments if you’re starting out with only $100? Here are a few common questions from others who are just as curious.
How much interest will I earn on $100?
It’s impossible to say how much interest you can earn from $100 because there are a few key variables in play. First, it’ll depend on where you put that money — are you investing it in the stock market or letting it sit in a savings account? Then, it’ll depend on the timeframe — are you interested in how much that money will grow in a year or where it’ll stand come retirement? Just for perspective, though: if you had bought $100 worth of Amazon shares in 1997, you’d have enjoyed more than a $120,000 growth in value by 2018. On the other hand, if you put that $100 in a high-yield savings account today, you could earn a few extra bucks by year’s end.
How should I invest $100 to make $10k?
Again, where are you investing and how much risk are you willing to take on? The riskier the investment, the faster and more aggressive the growth. Short of perfectly timing a surprise stock or buying a winning lottery ticket, turning $100 into $10,000 will take some time. If you’re determined to grow a $100 investment to $10,000, though, you may want to consider high-risk stocks or something like peer-to-peer lending.
How can I invest $100 wisely?
The wisest investment is the one you can best live with. If you don’t really have $100 to spare in the first place, investing it in a mutual fund probably isn’t wise. If you can’t afford to lose that money, using a p2p platform to offer loans with it also isn’t wise. If you can comfortably take on that risk, though, go for it. Otherwise, wise investments include savings accounts and CDs, and you’ll want to be sure to calculate how long you realistically want to invest those funds.
What’s the best way to invest $100 short term?
If you need your money available sooner rather than later, you’ll be trading off growth for convenience. With that said, short-term investments may be the best choice for those who just want to earn a little extra money and then have their funds available when they need them. This means putting it away in a CD with a smaller time frame or letting it grow in a savings account.
Bottom Line
Investing doesn’t only mean spending tens of thousands of dollars on stocks and building a Wall Street portfolio. It simply means making your money work for you, and you can get started for as little as a few bucks.
There are plenty of options to begin building your first portfolio, letting your money earn interest and grow over time. Whether you choose a high-yield savings account or go the high-risk/high-return route of the stock market, the important thing is to start early.
Also read: What to Do with Your Money When Interest Rates Are Low
Be sure to also watch your progress over time, too, and revisit whether you are making efforts in the right places. No, you don’t need to watch your investments daily or obsess over normal market fluctuations. However, using a platform like Empower to track not only your investments and savings accounts but overall net worth can be invaluable along the way.