I am planning to invest ~250K in funds, stocks, etc. over the next few months. Please let me know which brokerage works best in terms of customer experience, tools, analysis, etc. for this kind of amount. FWIW, I am also interested in getting into IPOs. I am 30 years old and my investment horizon is long term. Update: I am also considering moving to Canada in a few years. Does it automatically eliminate the option for Schwab or is it easy to move funds from Schwab to something else that operates in canada later? Just wondering what would be the tax implications of the move.
Schwab is good. But the only concern I have about schwab is that it doesn’t operate in Canada and few other countries outside US.
TD Ameritrade was just acquired by Schwab
Anything but robinhood
Take a look at Wealthfront and M1. First one is more automated, and M1 you get to control your asset allocation including individual company stocks.
Only Morgan Stanley and Goldman Sachs will open doors for good IPOs. But 250k might be too small an account for those two. Fidelity will get you access to some IPOs but usually the ones that institutions don’t want to touch or have less interest in. Schwab has practically nothing in IPO space. If I were you I would open an account with E-Trade and wait for Morgan Stanley to come asking for your money in a few years, that’s the best way to get access to IPO. If you want international exposure then interactive brokers might be the best bet.
M1 finance
Watch for max insured amount, anything could happen in 2020
Interactive brokers is seriously good
RobinHOOD
Schwab works just fine.