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Brokerage recommendations?
- Thread starter bigred
- Start date
The Great Zaganza
Maledictorian
- Joined
- Aug 14, 2016
- Messages
- 32,596
Big Mattress hasn't defrauded me yet m
alfaniner
Penultimate Amazing
I have been with Ameriprise since 1994. Of course, my agent is a close personal friend so there is a lot of trust there. He calls once a quarter and makes recommendations for adjustments, which I abide by, because I'm ignorant of any way to do it better. I think his fees ended up being about $800/year -- hardly a drop out of the substantial gains I have made.
TragicMonkey
Poisoned Waffles
I've been using Vanguard for 13 years now. I find it excellent. Their website is much less childishly simplistic than Fidelity, the selection of investments is great, and on the occasions when I've needed live customer service (moving my mom's investments into a trust, not simple stuff) Vanguard performed admirably. And when tax time comes around they give me a single document with all the necessary stuff consolidated into one PDF.
My past experiences with Fidelity, Charles Schwab, and "Victory" (USAA named it that after they sort-of spun off their formerly-good financial side) have been inferior to Vanguard.
My past experiences with Fidelity, Charles Schwab, and "Victory" (USAA named it that after they sort-of spun off their formerly-good financial side) have been inferior to Vanguard.
GraculusTheGreenBird
Muse
Brewin Dolphin of London, established 1762. Regularly get 15% increase in portfolio (specifically instructed to avoid anything Musk related), this year 22%. That's on a balanced risk profile, 6 on a scale of 1 to 10. Those powdered and bewigged coffee drinkers really know their onions.
theprestige
Penultimate Amazing
Robin Hood handles crypto exchanges.
Thanks...I went to their site to see what mutual funds they offer, but you have to be a member to see that, so they're out.
alfaniner
Penultimate Amazing
After hearing about their shady practices a few years ago, I'd never consider it. But if they're being watched closely now, it wouldn't hurt to check it out if you already have an account.
TragicMonkey
Poisoned Waffles
Yeah, we're truly in an era of competent, dedicated oversight of banks.
Seriously, nobody else here recommends Vanguard? It's the industry giant. It's like we're talking about theme parks and nobody's heard of Disney.
alfaniner
Penultimate Amazing
I thought it was coercing people to buy services they didn't need, and signing them up for them anyway even if the customer didn't approve it. (Wells Fargo.)
Numerous brokerages have been known to pester members to sign up for this or that, though again I don't recall any "forcing" them on people.
The_Animus
Illuminator
- Joined
- Nov 24, 2006
- Messages
- 3,659
I use Fidelity but in my opinion it doesn't matter much which you go with. I have a work 401k managed by Fidelity and then a Roth ira that I manage myself that is largely various index funds like overall market, tech, and foreign market along with a little bit of other stuff like bonds and stocks that pay dividends.
My own managed one has always outperformed the Fidelity managed one and my returns are usually in the 15-20% range.
So basically go with whatever and put most of it into a couple index funds and you should make returns better than the vast majority that try to beat the market.
My own managed one has always outperformed the Fidelity managed one and my returns are usually in the 15-20% range.
So basically go with whatever and put most of it into a couple index funds and you should make returns better than the vast majority that try to beat the market.
TragicMonkey
Poisoned Waffles
Schwab isn't as good as Vanguard, IMO. Their website is much clumsier, particularly when trying to get your money out. They also send tax documentation separately for each individual investment vehicle -- if you have two IRAs you'll get two separate sets of documents, mailed separately.
alfaniner
Penultimate Amazing
And personally I wouldn't use a financial company that has a massive cutesy, funny ad campaign.
("Schwab!!!")
("Schwab!!!")
alfaniner
Penultimate Amazing
That is incomprehensible to me, but kudos. I think you are very fortunate that way in some respects. (I have very expensive cable but barely watch it myself.