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What brokerage would would you recommend for a young first time investor?

Posted on 8/12/25 at 7:54 pm
Posted by Chicken
Jackassistan
Member since Aug 2003
26612 posts
Posted on 8/12/25 at 7:54 pm
Vanguard, Fidelity, Schwab?

They have less than $10k to invest...

I've read that Fidelity and Schwab have better websites than Vanguard.
This post was edited on 8/13/25 at 11:09 am
Posted by Joshjrn
Baton Rouge
Member since Dec 2008
31456 posts
Posted on 8/12/25 at 7:58 pm to
A young, first time investor doesn’t need a fancy website. Have them open a Vanguard account and start pumping money into nice, broad, low cost index funds. He can decide to be clever later if he wants to lose to the market.
Posted by UltimaParadox
North Carolina
Member since Nov 2008
50916 posts
Posted on 8/12/25 at 8:00 pm to
quote:

young, first time investor doesn’t need a fancy website. Have them open a Vanguard account and start pumping money into nice, broad, low cost index funds. He can decide to be clever later if he wants to lose to the market.


All of this
Posted by Chicken
Jackassistan
Member since Aug 2003
26612 posts
Posted on 8/12/25 at 8:03 pm to
Sure, I have always used Vanguard… But really what makes it better than the other two?
Posted by Puffoluffagus
Savannah, GA
Member since Feb 2009
6435 posts
Posted on 8/12/25 at 8:06 pm to
Having accounts with all 3, I personally prefer schwab mobile app and interface.

Maybe im wrong, but Every major brokerage these days has index funds that are fairly similar with low fees.
Posted by jefforize
Member since Feb 2008
45657 posts
Posted on 8/12/25 at 8:07 pm to
WeBull and robinhood are worth a look too, in my opinion.

But the best answer is likely a vanguard acct with VTI and/or VOO shares.
Posted by RadRob
Acadiana
Member since Oct 2021
220 posts
Posted on 8/12/25 at 8:15 pm to
Robinhood, it's easy to learn, Of course you need to educate him on what he's doing.
Posted by GeauxTigers123
Member since Feb 2007
3055 posts
Posted on 8/12/25 at 8:15 pm to
As someone who has accounts with several different brokers including Vanguard and Charles Schwab, I like the Charles Schwab website better. I think it’s easier to use. I also like the Charles Schwab app. They have similar low-cost index funds.

Also, like the fact that Charles Schwab as a company isn’t as woke as Vanguard is.
This post was edited on 8/12/25 at 8:16 pm
Posted by bayoubengals88
LA
Member since Sep 2007
23479 posts
Posted on 8/12/25 at 8:17 pm to
Schwab>Vanguard
Posted by beaverfever
Arkansas
Member since Jan 2008
35344 posts
Posted on 8/12/25 at 8:28 pm to
Robinhood is the best but that could turn into a 10k lesson pretty fast.
Posted by Fat Bastard
2024 NFL pick'em champion
Member since Mar 2009
88402 posts
Posted on 8/12/25 at 8:29 pm to
i ditched vanguard for Schwab

vanguard does not allow any crypto stuff like BITO, IBIT, etc. or any leveraged ETFs.

I use E trade and Schwab. for 4 total accounts.

you can use vanguard if all you want is a basic index fund like VOO or QQQ.
Posted by beaverfever
Arkansas
Member since Jan 2008
35344 posts
Posted on 8/12/25 at 8:31 pm to
quote:

vanguard does not allow any crypto stuff like BITO, IBIT, etc. or any leveraged ETFs.
I heard they were anti bitcoin but didn’t know they literally wouldn’t even let their customers buy IBIT. I would think they’d bleed customers and change that pretty quick.
Posted by UltimaParadox
North Carolina
Member since Nov 2008
50916 posts
Posted on 8/12/25 at 8:33 pm to
Vanguard is owned by the shareholders who own the funds. The funds all own part of the company which is the opposite of most firms.

Which also means they are not beholden to shareholders and private parties continuously looking for larger profits
Posted by beaverfever
Arkansas
Member since Jan 2008
35344 posts
Posted on 8/12/25 at 8:44 pm to
BND or bust amirite? All a fella needs.
This post was edited on 8/12/25 at 8:45 pm
Posted by UltimaParadox
North Carolina
Member since Nov 2008
50916 posts
Posted on 8/12/25 at 8:46 pm to
quote:

BND or bust amirite? All a fella needs.


VTI or VTSAX is what you mean.
Posted by beaverfever
Arkansas
Member since Jan 2008
35344 posts
Posted on 8/12/25 at 9:19 pm to
The weird thing is Vanguard is the largest shareholder of MSTR and their funds are loaded up with it. They should just come out of the bitcoin closet and stop paying Michael Saylor to buy it for them.
Posted by UltimaParadox
North Carolina
Member since Nov 2008
50916 posts
Posted on 8/12/25 at 9:35 pm to
quote:

The weird thing is Vanguard is the largest shareholder of MSTR and their funds are loaded up with it. They should just come out of the bitcoin closet and stop paying Michael Saylor to buy it for them.


Lol, mstr by market cap and insanity is the largest non S&P500 stocks.

Vanguard is the second largest brokerage and holder of ETFs in the world. They are hyper focused on passive ETFs tracking the total market, which includes MSTR.

They are purely holders because that is how passive funds work. This is one of the downsides of passive investing... You buy the whole market and it's current weighting. MSTR is part of that market. Just like they invest in oil companies, cigarette companies, and marijuana companies.

Vanguards passive funds are so massive they are basically the top 5 shareholder of every company.

I'm sure saylor and company has really appreciated the massive pump as they have been unloading their shares for dirty fiat as fast as they can. Which also explains why Saylor is no longer the largest shareholder. He has been unloading massively.

924 million dollars of sales

SEC Form 4 insider sales
This post was edited on 8/12/25 at 9:41 pm
Posted by beaverfever
Arkansas
Member since Jan 2008
35344 posts
Posted on 8/12/25 at 9:51 pm to
I wouldn’t own the company either honestly. It’s bitcoin with all the downside and ~70% of the upside. Vanguard buys the stock, gives the 70% upside to its fund investors, and lets the other 30% hang out in Saylor’s flywheel funhouse.

Holders of VTI are making bigger contributions to Michael Saylor every quarter. And because it’s market cap weighted, more shares get printed and bought up by VTI holders.
Posted by lynxcat
Member since Jan 2008
24988 posts
Posted on 8/12/25 at 9:53 pm to
Any of the three
Posted by Tadey
Baton Rouge
Member since Aug 2012
654 posts
Posted on 8/13/25 at 6:46 am to
Another vote for Schwab
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