WiseBanyan Creates and Manages Investment Portfolios for You, for Free

WiseBanyan Creates and Manages Investment Portfolios for You, for Free

WiseBanyan, “the world’s first free financial advisor,” might be the easiest, least expensive way to get a diversified investment plan and have it automatically managed.

Like other “robo-advisors,” WiseBanyan uses takes information you supply about your goals and risk tolerance and develops algorithms to choose investments (EFTs) with low-fees and in a diverse pool of asset classes. It also rebalances your portfolio quarterly, reinvesting dividends and making sure your portfolio stays on track with your risk tolerance.http://ift.tt/1HuaHy6…

Unlike other robo-advisors, there are no management, trading fees, custodial fees, or other fees charged by WiseBanyan. There’s only a $10 minimum to invest and no minimum additional investment requirements. The funds themselves do charge fees, which—as with other brokerage accounts—are accounted for in your portfolio. The average fund fee is a relatively low 0.12%.

You can create or transfer a Roth, SEP IRA, traditional IRA, or personal investment account with WiseBayan and set up auto deposit on a weekly, monthly, or quarterly basis to take advantage of dollar-cost averaging.

You’re probably wondering what’s the catch. WiseBanyan plans to make money from additional products and services, such as tax-loss harvesting, which the company is shortyly rolling out. They state that they will never make money off clients by selling personal info, getting commissions or kickbacks for recommending specific funds, or show ads.

WiseBanyan doesn’t offer a lot of investment guidance, analysis, or flexibility. You answer questions when you create a new account and then everything is done for you. You can change your “risk number” (how risk tolerant you are), but can’t get back to the questions to change your answers. You also get only one view of your portfolio and can’t change the EFTs picked or how much is allocated to each. However, your WiseBanyan account can be accessed through Folio Investing, a popular online brokerage, where you can see more statistics and investment information.

The service is currently on a waitlist beta, but I got my invite in a couple of weeks. If you’re looking for a completely fuss-free way to invest in the broad market—even with as little as $10 a month—WiseBanyan is worth a look.

WiseBanyan


via Lifehacker
WiseBanyan Creates and Manages Investment Portfolios for You, for Free

The Fantastic Four Comic-Con Footage Is Here and It’s on Fire

Because it’s full of the Human Torch, see? Yeah, you get it. There’s not a ton of new footage here, but it does contain the first we’ve heard of Doom and the Thing talking and oh my god are they really not modulating Jamie Bell’s voice at all? It’s so weird to see and Thing and hear a teenager.


Contact the author at rob@io9.com.

via Gizmodo
The Fantastic Four Comic-Con Footage Is Here and It’s on Fire

Making a katana the old traditional Japanese way is so impressive

Making a katana the old traditional Japanese way is so impressive

I think this is the most impressive video that Man At Arms has ever done, and that’s saying a lot since they’ve recreated all the coolest weapons from TV shows and movies in real life. But there’s something ridiculous impressive about making a katana (stylized like the one from Kill Bill) the traditional old school Japanese way.

There is so much work in a blade and the result is absolutely stunning. It starts with using 1100 pounds of charcoal to make their own metal from ore to using 24 karat gold as a finishing touch.


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via Gizmodo
Making a katana the old traditional Japanese way is so impressive

Video: The beautiful craftsmanship of making a shotgun

Video: The beautiful craftsmanship of making a shotgun

Guns are dangerous but making a beautifully ornate gun is basically like unbelievably detailed artwork crossed with masterful machinery work. I love this video showing the steps it takes for a Holland & Holland shotgun to be made because it’s so cool to see all the different methods blend together.

The metal of the barrel, the wood of the handle, the art in the detail—it’s like a shotgun merges old world and new school technology in one.


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via Gizmodo
Video: The beautiful craftsmanship of making a shotgun

TSA Blows Off Inspector General’s Suggestion Boarding Pass Information Be Encrypted

The TSA’s Secure Flight system apparently isn’t all that secure, according to the barely-readable portions of the recently-released Inspector General’s report. The TSA has a Pre-Check program that requires a ton of personal information and $85 to participate in. It also has "Secure Flight," which grants Pre-Check privileges on a case-by-case basis, for which travelers pay nothing. This simply means they won’t always find themselves in the short line, but it does call into question the need to provide a ton of information up front, much less $85 for an experience others are getting for free.

Much like everything else the TSA is nominally in charge of, it has flaws. A whistleblower report to the TSA and the Office of the Inspector General claimed that the use of a "risk-based rule" led to a "vulnerability in aviation security" back in early 2014. (This would be before the Pre-Check system allowed a convicted murder with explosives experience to bypass more rigorous screening, simply because the boarding pass included the "wave me through" checkmark.)

What this "vulnerability" was is never openly explained. There’s plenty of text in the report (28 pages of it, in fact), but everything specific is hidden under a thick layer of black ink. What we do know is that it involved boarding passes and the TSA’s "risk-based assessment" program.

As a result of the report, the TSA suspended the redacted Secure Flight "rule". This rule was apparently linked to passengers’ ability to print out their own boarding passes with the handy Pre-Check checkmark on them. Apparently, someone used someone else’s ticket or found a way to print boarding passes without providing proper ID verification. Either way, this mysterious "rule" went away, and along with it, some Pre-Check passenger privileges.

Now, the TSA is planning to add additional layers of verification to the Pre-Check/Secure Flight system. But this won’t fully go into effect until later this year. In the meantime, the "rule" remains suspended.

As a result of this redacted breach, the OIG’s office made three recommendations — which are also mostly redacted.


The first suggests the nature of the breach (or the problem with the rule) [or both].

Explore the feasibility of encrypting commercial aircraft carrier boarding passes [rest of sentence redacted].

The other two recommendations target the TSA’s upgraded credential authentication program.

The TSA pretty much disagrees with the entirety of the OIG’s assessment. Scattered between heavy redactions are various punchy odes to its pretty-much-infallible coin toss it calls "risk assessment." Scattered between other redactions are assertions that the TSA is pretty good about assessing threats and has been steadily improving for years without the OIG’s constant nagging.

But before it heads into that, the OIG declares the TSA to be "responsive" to its first recommendation, even though it didn’t do anything more than declare the recommendation too expensive and too difficult.

Management Response to Recommendation #1: TSA officials did not concur with Recommendation 1. In its response, TSA said in 2012 it explored the cost and feasibility of encrypting commercial aircraft carrier boarding passes [redacted]. After engaging industry stakeholders, TSA decided not to adopt this approach because of limited data fields in some air carrier systems and encrypting boarding pass barcodes is cost prohibitive. TSA said it decided to pursue a more practical and affordable solution using a digital signature.

Nothing’s too good for the USofA! I mean, nothing’s too practical and affordable. So, let’s just use a "digital signature" because it’s pretty much just as secure, right?

Now, we just have to assess the wisdom of the TSA’s estimation of itself in light of this new (but very limited) information. It thinks it’s doing a bang-up job making flying more secure. TSA head John Pistole frequently mentions the many programs it uses in addition to pre-flight scanning/screening, most of which have been determined by others to have a 50% hit rate.

On one hand, its screeners managed to miss 95 out 100 prohibited items during a recent assessment of its screening protocols. (But, man, it was all over that bag of cash, wasn’t it!) On the other hand, its long-running ineptitude has yet to result in mass hijackings. It fails at the thing it does the most of (patdowns, screenings) and its more intangible efforts (risk assessment) haven’t proven to be any more accurate than its in-person patdowns. In totality, we have a self-important entity whose presence is hardly justified. It appears air travel would be roughly as safe without the TSA’s multiple encroachments. What it argues works well actually doesn’t, and new issues are dismissed as not being worth the effort/expense to fix.

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via Techdirt.
TSA Blows Off Inspector General’s Suggestion Boarding Pass Information Be Encrypted