I started investing mostly in mutual funds about 4 years ago. Went with fidelity and since then have maintained most of my investments there. I see most blind peeps discussing vanguard mfs. Is there a difference? Do you guys prefer one over the other? Tc: 290 Edit: any suggestions for low expense ratio vanguard funds that I can buy on fidelity?
Vanguard is famous for its low expense ratios. So make sure your not getting boned on those. Otherwise fine.
Vanguard has low expense ratios, but you can buy and hold them at any brokerage. I have them in my Merrill Lynch account
Which ones do you hold?
Buy vanguard at Fidelity. Better UI and CS. I tried to register an account with Vanguard but alway got error? Lol
Vanguard is owned by its funds and thus indirectly its users. In other words, costs aren’t there for a profit. Fidelity is a for profit company. But they have artificially low costs on some offerings to get customers, sometimes cheaper than vanguard. Up to you to avoid the expensive actively managed offerings. You can also buy/hold the other ones funds too. Some minor differences. Ultimately doesn’t matter.
Both are same however I felt fidelity offices can help you if you ever needed. Their cash management account with free cheque book is another good thing. They also have debit card which I heard that you can use foreign country. Like other mentioned, vanguard is mutual company and fidelity is not!!!! Fidelity 2% visa credit card is used by many and most of people use that cash back to fund 529 like that.
They are pretty similar, but I prefer vanguard due to its ownership structure. Vanguard is investor owned, so they don't have incentive to take as many of your $$$ as they can. Fidelity is privately held so they are a little inoculated against that, but you never know when an ownership change might happen.
You should use both. I'm not a doomsday crazy person, but it's easy to imagine one company is doing service for a while or your password gets hacked and you can't access your money for a week or two - safer to split it up (also SIPC insurance has limits).
I also do the same. Multiple accounts in vanguard, fidelity, Schwab, Robinhood. In my opinion RH is the most secure, since they are the only one that allows dual authentication via a proper authentication app (not SMS).
Fidelity is better
Tech Industry
1h
1084
Sick of South Indians
World Conflicts
Yesterday
524
Israel prevents Palestinians from gathering rainwater? Seems wrong on so many levels to me
Personal Finance
8h
1623
Retire by 45? Rate my NW, lifestyle creep and portfolio
Tech Industry
Yesterday
2162
15 years age difference, need advice! 🙏
Software Engineering Career
4h
154
How bad is it to "lie" on a resume
Even robinhood is ok for mutual funds.
Taxes though. Rather max out 401k and roth IRA
Does Robinhood have mutual funds now?