I am a novice at investing. I have 12 months funds saved in hysa and some money in a checking account for everyday expenses. I am also contributing to pre tax 401k. I want to go a step further. Plan is to buy tbills and contribute to Roth IRA. Which platform is best for it? Any nuances I should be aware of?
Fidelity by far. Vanguard has a shitty website, terrible UI and poor customer support. Fidelity has lower cost index funds as well. There are some that counter argue that vanguard isn’t “owned” by anyone, and therefore better. I could care less about it.
Is it the fidelity checking account, or is there a different one for investing?
By default, Fidelity account parks money in Money market fund.
Where are all the fund managers? I want to read some fun banter… Start the commenting!!
Vanguard also inappropriately chooses what you can invest in against your will as an investor. For Example they wont allow you to buy any of btc ETFs as they dont like it. Fidelity is the best!
As a Googler, there’s an advantage investing with Vanguard because your 401K is already at Vanguard so you can easily look at your whole investment portfolio in one place. Most will say it depends on what kind of investor you are. If your approach is passive investing with index funds/ETFs you’ll have a good experience with Vanguard (although Fidelity is almost as good?). Fidelity starts to make more and more sense if you want to trade individual stocks, a variety of actively managed funds, etc. I’m a passive investor and have always been very happy with Vanguard.
Vanguard will deprive you of the opportunity of your lifetime https://www.ccn.com/news/vanguard-bitcoin-etfs-gains-traction-wealth-managers/
If long term and auto dca from your bank to vanguard
Vanguard Digital Advisor. Answer the questions, do what it says, set up automatic deposits. Also, because I’m curious, why t-bills?
No state tax. As a single person in a hcol area, it hurts to pay so much taxes already 🥲
Plot twist…muni bonds don’t have federal tax! Depending on your bracket and prevailing yields, it may be preferable. But the real answer is you shouldn’t be in treasuries. Open Vanguard Digital Advisor, answer the questions, do what it says.