Robinhood vs Vanguard for investing in index funds

Walmart / R&D
serjorah

Walmart R&D

PRE
Grab
serjorahmore
Nov 3 11 Comments

Hi,

I am a new grad, & exploring a bit on investing in index funds.

I want to get started but Vanguard doesn’t let F1 Visa holders(Non resident aliens) open an account.
But I see that I can invest in Vanguard indexes using Robinhod.

Is there any difference in their offerings, or am I
missing something. Cant get around the fact that Vanguard thinks I am not eligible, while Robinhood allows me to do the same.

Looking to get started with the three fund approach. Any thoughts/suggestions appreciated.

TC :- 185k (0 yoe)

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TOP 11 Comments
  • TD Ameritrade
    tc_or_fo

    TD Ameritrade

    PRE
    Boston Scientific, Accenture
    tc_or_fomore
    TD Ameritrade. Only reason robinhood was good was because of zero fees. You actually are getting screwed on the potential best buy price because they don’t have direct lines to the exchanges.
    Nov 3 5
    • Compass HWV39
      👎👎👎👎

      Vanguard. Period. TD was shamed into eliminating fees for trades by chuck. Can’t trust these bankers. Any of them.
      Nov 3
    • TD Ameritrade
      tc_or_fo

      TD Ameritrade

      PRE
      Boston Scientific, Accenture
      tc_or_fomore
      So
      Nov 3
    • Medtronic / R&D Entr0py
      I used to use a TD account. The fees were ridiculous. Think I paid 49.99 per mutual fund transaction. Unless you’re trading millions, that “best” price won’t off-set the fees.
      Nov 3
    • Compass HWV39
      But but but you’re getting the Best Buy price. 👎😂
      Nov 3
    • Google quant.umm
      You’re losing like 1-2 cents. It matters almost 0 unless you trade a lot (which you shouldn’t). Whether that’s ethical or not is a different question, but there’s no reason one should not trade on a 0-commission platform like RH.
      Nov 3
  • Medtronic / R&D Entr0py
    There is a difference mainly in the available funds you can buy. Thru Robinhood, most are ETFs. Through Vanguard, you can do a lot more, especially the well known ones like the 500 index mutual fund. Those typically have a large fee if you buy them through other brokers, but through Vanguard the fee structure is better.

    Either way sounds like you’re stuck with Robinhood though
    Nov 3 0
  • Google
    McChickens

    Google

    PRE
    Google
    McChickensmore
    There are some etf and mutf that you can’t buy anywhere else unless use your vanguard account, for example vtsax. But if you are fine with what’s on Robinhood then there’s not that much of a difference
    Nov 3 2
    • eBay Yeah Bruh
      I have VTSAX in etrade. Robinhood does not have any mutual funds though I believe
      Nov 3
    • Walmart / R&D
      serjorah

      Walmart R&D

      PRE
      Grab
      serjorahmore
      OP
      For now, I think I am mostly interested in ETFs. Going forward with RH. How frequently do you guys contribute to take advantage of the downs? Biweekly/monthly/...?
      Nov 4
  • Lucile Packard Children's Hosp m2m1
    How long are you planning to stay in the US?
    When will you be needing the investment?
    How much will you be able to put in a month?
    I may have some index funds (S&P500, EURO STOXX, HANG SENG) available that you can participate in base on your answer to those questions.
    Nov 7 0

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