Webull’s New Feature Is ALMOST Useful

Brendan Evan
Brendan Evan
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0
Published 2024-05-30
Webull's new "Plans" feature is SO promising, but unfortunately it's not ready yet. This video is about why the service has amazing potential to help streamline the annoying process of setting and reaching mid-to-long term goals, but also why Webull Plans isn't the best way to do that yet.

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⏱Handy Timeline:
0:00 Intro
0:28 Why this "should" be great
1:48 Example Plan 1- Racecar savings
5:09 Change they need to make 1
5:39 Example Plan 2- Emergency Fund
6:58 All about Robo advisor?
7:16 Example 3- Retirement Savings
8:58 Change they need to make 2
10:30 What this service SHOULD do for us
13:05 Disappointed
14:30 Where is their methodology?
15:15 Spreadsheet to unpack what they are claiming
17:14 What about taxes?
18:30 2 Reasons for their projections
20:04 Overall
21:14 Easy changes to make to fix this tool
23:15 Secrets or your opinions
23:40 Webull Lite video


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All Comments (6)
  • @mere_cat
    At 10:30, what you are describing sounds somewhat like M1 Smart Transfers. It is honestly one of the best features at M1. Edit: Also you bring up some good points. None of these robo-advisors really look at your portfolio from a holistic perspective. Everything is in its own separate account for different purposes. Seems like a missed opportunity. Hopefully someone comes up with something that is able to suggest a portfolio across multiple accounts that takes all of your goals into consideration.
  • @CFH298
    Betterment already does this
  • @TTT-ki9uv
    My webull doesnt look like this at all. i can not find the plans feature either.
  • @MadBuddhaAbuser
    Just can't justify putting a large amount of money in a chineese brokerage.