Originally Posted by wingfooted
I get an email every once in a while from their rep. I just reply they would 'advise' me to get off margin and go into index funds and that I'm not interested in either, thank you very much.
If I had any concern, it would be that sensitive info like credit card numbers, account numbers and account balances are stored on the site and this subject to being 'hacked'. The security on my iPad is strong enough - not so sure about Personal Capital's servers.
I do have a bit of worry about the second part, but I keep random passwords at all my banks/financial institutes and can change them on a whim, and all of them require some other two-factor form of identity with the computer so that mitigates it a bit.
To the first: I'm sure they would tell you to get off margin. Anecdotally, I am not so sure they'd steer you towards index funds. On Bogleheads, I've read a couple of folks who said their advice was to shift to more actively-managed funds that diversified across and within asset classes. The bottom line seemed to be an attempt to recreate a relatively simple three-fund portfolio (Total US Stock/Total US Bond/Total Int'l Stock) except using more like nine individual funds and even tilting a little bit depending on risk tolerance. Of course, they're going to charge you to set it up and maintain it all... but I didn't get the sense they were "indexers" per se. In fact, when I responded that I was a DIY "boglehead" via email about a year ago, they stopped emailing altogether.
Now I just get a voice mail on my cell phone about once every two months which I just delete.