News and Press
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Online Investing Tools Refine the Personal Touch MarketRiders offers only exchange-traded funds (ETFs) and shows users how much they can save in disclosed and hidden fees over the long run by avoiding active managers. "The main difference with us is that philosophically we think if you start paying anybody more than 20 basis points [0.2 percent] to manage your money, you're going to end up with a lot less when you retire," says Mitch Tuchman, founder of MarketRiders. |
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The Future of Investing Advice The web doesn't merely tear down costs. It's also begun to make investment strategy less of a secret sauce and instead a process anyone can track and follow. A new breed of sites aims to bring better trading ideas to the masses...Among the better offerings is MarketRiders, a subscription service that helps you build and execute a long-term portfolio for less than the cost of having a broker do it for you. |
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For Financial Advice, Arriving at the Right Dosage Most everyone needs financial advice. The big question is how much. There are tens of thousands of advisers out there, with varying levels of expertise, who charge varying fees for their services. Financial advisers also pointed to online services like MarketRiders.com, which offer an inexpensive way to build and manage a portfolio of exchange-traded funds, which are like mutual funds but trade like stocks. |
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Tools to Help Pick ETFs - Online resources can also help investors rebalance their holdings Exchange-traded funds have become increasingly viable as core ingredients of a diversified portfolio. Originally pitched as low-cost alternatives to stock index funds, ETFs are now available for almost every asset class. MarketRiders, founded in 2008 by entrepreneur and investor Mitch Tuchman, isn't a brokerage firm. Users execute trades through the online broker of their choice and then input the trades into the MarketRiders system; the site tracks the portfolio, updating prices daily, and sends email alerts for periodic rebalancing. |
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Those Get-Rich-Rebalancing Schemes "How rebalancing added over 2% to the returns of a simple ETF portfolio." This was the headline on an essay last fall by Mitch Tuchman, the entrepreneur behind MarketRiders, an advisory service for people who like exchange-traded funds. Rebalancing means selling off some of the winners in your account and using the cash to buy more of the laggards. |
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Are Your Funds Keeping You From Becoming a Millionaire? Mutual funds can drain upwards of $1 million from an investor's retirement savings over the course of several decades, according to a recent study. "Fees are recurring revenue [for fund companies]," says MarketRiders CEO Mitch Tuchman. "They're just siphoned out of accounts in ways that one cannot [easily] see. It's an insidious process." |
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Fees can take a big bite out of retirement fund contributions Making an annual contribution to a retirement plan? A recent study could give you pause. It says that more than half of the average person's IRA contribution is being eaten away in fees. "People need to understand that fees are lethal," said Mitch Tuchman, chief executive of a self-help portfolio management website called MarketRiders, which conducted the study of fees. "They are a hidden tax that people have no idea they're paying." |
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If you are ready to invest, you can find advice on what to buy "...join a subscription service that makes investment recommendations to you based on the way you answer a questionnaire. MarketRiders, for instance, will suggest which ETFs make the most sense for you and will prompt you with what to buy and when." |
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With Warren as Your Wingman Since Validea pays scant attention to asset correlation, its recommendations represent just a piece of a well-diversified portfolio. The site is best used in conjunction with a portfolio designer like MarketRiders (www.marketriders.com), focused on assembling the right balance of non-correlated assets. But building a portion of your portfolio the way Buffett or Graham might build it sure can't hurt. |
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Check portfolio to see if it's time to adjust A recent study done by MarketRiders gave a look at how high fees hurt over long time periods. It makes investors turn their head and consider lower costing ETFs instead of mutual funds. |
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These Web sites let you invest with the top pros -- or be one Tuchman is hoping that MarketRiders does for investing what TurboTax did to simplify tax returns. "Anybody can do their taxes and not know anything about accounting," he said. "You can make the jump to do your own investing. If you can figure out when you need the money and how much risk you can take, we're going to give you a perfect portfolio." |
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Do-It-Yourself Portfolio Management -- With these online services, who needs the pros? "If the past year's returns are as good as Wall Street's best and brightest can do, you might as well do it yourself, says Mitchell Tuchman, CEO of MarketRiders, a new investment-advisory service for D-I-Y investors." |
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Stirring Up the Right Investment Mix "The best index assistance system of all would let you pick just how much help you want or need and then pay for it accordingly. That's why I like a new service called MarketRiders." |
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Do It Yourself Investing "You don't have to pay a lot of money to get money managed...options include online services like MarketRiders." |
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Exchange traded funds are a low-cost way to build portfolio You're so cheap you haven't picked up a check since the Taft administration. But in investing, that's not a bad thing. And today, you can cobble together a portfolio of exchange-traded funds for less than a bag of second-hand mice... If it all seems too much, consider MarketRiders.com, which will suggest ETF portfolios for you and tell you when to rebalance. Cost: $10 a month. |
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Is an ETF the right investment for you? Look beyond the hype Exchange traded funds, low-cost packages of securities that trade like stocks, have grown from virtually nothing to more than $1 trillion worldwide in 10 years... "We're now into the bastardization of ETFs by Wall Street," says Mitch Tuchman, CEO of MarketRiders.com, a website that recommends broad-based ETFs for average investors. |
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MarketRiders Promises Steady Returns Through The Magic of Exchange-Traded Funds "If you think you can beat the stock market, don't bother reading...this post is about a startup that wants to make investing boring and predictable, which is something most of the investing public could use right now." |
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Money Changers: Eight Startups Brimming With Hope for the Financial Industry "MarketRiders is part of a movement of Web-based financial startups creating services that embrace transparency (even in their largely fee-based pricing) and improve the customer experience. These are the same traits that changed everything from music to auto sales..." |
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PersonalFinance: Web-based financial advisers "MarketRiders is founded on modern portfolio theory...it's a remarkably simple, easy-to-use site." |
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MarketRiders: Riding the Wave with DIY Investing "The lesson many investors have learned is that their financial advisors can't beat the market and therefore are no more worthwhile than a simple computer program. Enter MarketRiders, a web-based investment advisory service that allows individual investors to type in their age, time horizon, investment experience and risk tolerance and sit back as a computer algorithm analyzes it and tells them what to buy and sell." |
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The Great Rebalancing Debate "In a recent release, the company says its rebalancing strategy gave investors in one of its bond-heavy model portfolios the chance to more than double their returns-from 2.37 percent to 5.05 percent-during the turbulent 12-month stretch that wrapped up at the end of September" |
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Hedging Tips for ETF Traders "'People who are active traders and are trying to use ETFs to hedge...might as well be playing at a roulette table. Usually they'll guess wrong and they'll get carried out,' says Mitch Tuchman, CEO and cofounder of MarketRiders.com." |
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MarketRiders may be the answer to your investment questions "While I don't have room in this column to offer a long list of cost-effective investment options, I will recommend that you check out one new product that offers people a simple, inexpensive way to manage their retirement investments themselves. It's called MarketRiders..." Vicki Lee Parker, McClatchy-Tribune News Service |
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The New Online Wealth Management Competitors "Sites such as MarketRiders and FiLife come closer to providing the type of financial advice typically doled out by financial advisers." |
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MarketRiders Automates the Financial Advisor, Sort Of "By cutting out the middleman, MarketRiders has potential to offer returns similar to existing fund managers', but without the hefty fees." |
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Smart Asset Allocation Key to Investment Success, Says New Portfolio-Balancing Engine MarketRiders "I've seen a lot of sites and approaches over the years that claim to hold the key to investment success. MarketRiders is one of the most studied, sensible, economical ones I've encountered." |
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New site brings investing to the masses, sort of "What TurboTax did to CPAs, Mitch Tuchman hopes MarketRiders.com will do to investment brokers." |
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How Much are Mutual Fund Fees Costing You? ...this tool is an interesting one, and one that can be a real eye-opener with regard to mutual fund fees. I suggest using it if you are interested in seeing just how much more of your money could be working for you. |
