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2
Posted on 8/13/25 at 9:23 am to IT_Dawg
I do love Schwab and it is popular in this board but for young investors keep in mind Schwab does not support fractional shares. It is still doable with certain ETFs and/or "Stock Slices" but a young investor may have trouble coming up with $500+ at a time to purchase shares
Posted on 8/13/25 at 9:31 am to Chicken
I set my daughter up on WeBull with about that same amount. She got about $500 in bonuses. Worth a look.
Posted on 8/13/25 at 9:37 am to Chicken
I had both Vanguard and Fidelity for a few years but eventually moved everything to Fidelity. That was 20 years ago. No complaints.
Posted on 8/13/25 at 9:41 am to Chicken
Unironically Robinhood. I was with TD Ameritrade for years and years and I loved them. But Schwab is garbage, I do not know how they will stay in business after Boomers pass. I still keep my account open with them because the ThinkorSwim app they bought from TDA is still the best in the business for certain things. I use Fidelity for another account of mine, but not enough to give it a recommendation or not.
This post was edited on 8/13/25 at 9:45 am
Posted on 8/13/25 at 9:48 am to Chicken
RH for the matching. There app layout may appeal to young but I really don't like it.
Schwab as others have said has good interface
Fidelity for youth app and small $ incentives for completing education modules.
Vanguard was worst interface after using others.
Schwab as others have said has good interface
Fidelity for youth app and small $ incentives for completing education modules.
Vanguard was worst interface after using others.
Posted on 8/13/25 at 9:52 am to Chicken
Fidelity for me. Everything is so easy to navigate in my account and never had any issues like ever with them at all. Customer service is very good if you need any questions answered or help with anything.
Posted on 8/13/25 at 10:07 am to ThatBaw
Schwab does fractional shares just not for their ETFs
Posted on 8/13/25 at 10:59 am to Chicken
Webull is pretty good and I think the younger crowd will like their app features.
And they don't have OTC, so the youngster won't be tempted to play with risky penny stocks.
And they don't have OTC, so the youngster won't be tempted to play with risky penny stocks.
Posted on 8/13/25 at 11:10 am to Chicken
I was you 30yrs ago.
I went with Vanguard. Zero regrets.
I went with Vanguard. Zero regrets.
Posted on 8/13/25 at 11:36 am to Chicken
Raymond James handles some of mine and has really good research and great managed funds.
Posted on 8/13/25 at 11:41 am to IT_Dawg
quote:
Schwab is the easiest to use, especially their app. I almost prefer the app sometimes if I am doing basic trades
it is weird how stuff evolves.
i used to love vanguard. does not work for advanced traders or had the products i wanted so i bailed and moved 3 accounts to schwab. 1 account to E trade.
i used to have TD ameritrade. loved it. then schwab bought them out. I hated it for awhile. then as i got used to it i really like it now.
Posted on 8/13/25 at 12:59 pm to LSU4Life2021
quote:
great managed funds
Posted on 8/14/25 at 7:56 am to Chicken
Fidelity is the best. I have used Vanguard for years but their website is not good. I have also used Schwab.
Posted on 8/15/25 at 7:37 am to Chicken
Any of the three. I am not aware of significant differences between them.
Posted on 8/15/25 at 7:39 am to Chicken
Posted on 8/15/25 at 11:38 am to TorchtheFlyingTiger
I'm up 20% over last 16 months with one of their managed funds.
Posted on 8/15/25 at 12:26 pm to LSU4Life2021
20% you don't say! Please tell us how much that performed vs broad index fund like VTI or VOO.
I'm assuming your other active funds did even worse?
How much are you paying Raymond James in fees?;
I'm assuming your other active funds did even worse?
How much are you paying Raymond James in fees?;
Posted on 8/15/25 at 12:57 pm to Chicken
quote:
They have less than $10k to invest...
Posted on 8/15/25 at 1:05 pm to Chicken
I would recommend the money board. Lots of smart guys here.
They will teach the young one about the great depression and black monday.
They will teach the young one about the great depression and black monday.
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