Grow Your Dough Challenge: February Update

TL;DR

Justine McPhee provides an update on her February performance in the Grow Your Dough Challenge with Betterment, showing passive income gains of $102.13 and a cumulative interest rate of 10.2%.

Transcript

so I've been doing the grow your dough challenge for the past two months with wealth hacker Jethro's and now I'm going to be taking a look into February and how I did for the month hey guys it's Justine McPhee Millennials V channel for all things millennial money and debt free living if you want to learn how to live a debt-free life stick around hi... Read More

Key Insights

• ❓ Justine McPhee earned $102.13 in passive income through Betterment in February.
• ☠️ The cumulative interest rate for her investment in the Grow Your Dough Challenge is 10.2% over two months.
• 👻 Betterment allows users to choose their target allocation and automatically adjust it over time.
• ❓ Rebalancing and drift monitoring are important features in Betterment to maintain portfolio alignment.
• 😣 Justine McPhee plans to continue investing in Betterment for the rest of March.
• 😘 Betterment offers a low annual fee of 0.25%, making it a cost-effective option compared to other actively managed portfolios.
• 🥶 Justine McPhee provides an affiliate link for a 90-day managed free trial with Betterment.

Questions & Answers

Q: How much passive income did Justine McPhee earn in February through the Grow Your Dough Challenge with Betterment?

Justine McPhee earned $102.13 in passive income through Betterment in February.

Q: What is the cumulative interest rate Justine McPhee has earned over the past two months?

Justine McPhee has earned a cumulative interest rate of 10.2% over the past two months through the Grow Your Dough Challenge with Betterment.

Q: What is the target allocation and holdings in Justine McPhee's Betterment portfolio?

Justine McPhee's target allocation is 90% stocks, and she has various holdings in her Betterment portfolio. She shares the portfolio breakdown and associated fees.

Q: What is the auto adjust feature in Betterment, and why does Justine McPhee prefer it?

The auto adjust feature automatically adjusts the portfolio allocation over time to maintain the recommended moderate risk level. Justine McPhee prefers this feature because it aligns with her passive investment strategy.

Summary & Key Takeaways

• Justine McPhee provides an update on her February performance in the Grow Your Dough Challenge with Betterment.

• She has earned $102.13 in passive income, with a cumulative interest rate of 10.2% over the past two months.

• McPhee shares her investment holdings, target allocation, and the auto adjust feature of Betterment.