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re: What brokerage would would you recommend for a young first time investor?
Posted on 8/16/25 at 10:21 am to Chicken
Posted on 8/16/25 at 10:21 am to Chicken
I have no experience with Vanguard or Fidelity but I have had accounts with Schwab going back into the early 1990's.
I can honestly say I've never had a problem with them which is really something, IMO, considering the sloppiness many financial firms have with how they treat their customers.
Their website has all the information I need to trade stocks and is sophisticated enough for experienced day traders and simple enough for just storing stocks and cash.
I can honestly say I've never had a problem with them which is really something, IMO, considering the sloppiness many financial firms have with how they treat their customers.
Their website has all the information I need to trade stocks and is sophisticated enough for experienced day traders and simple enough for just storing stocks and cash.
Posted on 8/16/25 at 6:07 pm to LSURussian
I agree with all of that
Posted on 9/2/26 at 4:39 pm to Chicken
For under $10k, Fidelity or Schwab are definitely easier to deal with than Vanguard. Vanguard’s UI always felt a bit clunky to me, especially on mobile, whereas Fidelity makes it pretty straightforward to just set up automatic index fund buys and leave it alone.
When I was setting up my first account, I used The Investors Centre to compare the actual fee structures and platform layouts side-by-side. It saved me a lot of time reading through fine print.
Honestly, as long as there are no account fees or trade commissions, any of the big ones will do fine. Main thing is just picking one with an app that doesn't feel confusing to use daily.
When I was setting up my first account, I used The Investors Centre to compare the actual fee structures and platform layouts side-by-side. It saved me a lot of time reading through fine print.
Honestly, as long as there are no account fees or trade commissions, any of the big ones will do fine. Main thing is just picking one with an app that doesn't feel confusing to use daily.
This post was edited on 9/15/26 at 8:11 am
Posted on 9/2/26 at 4:52 pm to Chicken
Tell him to put the cash under the mattress on the floor until the trumpcession is over
Posted on 9/2/26 at 7:16 pm to Chicken
quote:there is a very good reason to use vanguard. Vanguard is one of the largest individual holders of equity shares in the world. Any trade made in a company that vanguard owns shares in will fill immediately at the best possible price. Also vanguards ETFs and mutual funds are notoriously low cost and run by some of the best managers in the industry
Sure, I have always used Vanguard… But really what makes it better than the other two?
Posted on 9/3/26 at 1:45 am to Chicken
Fidelity because of the automatic cash management going into SPAXX of FDRXX and earning much more than anywhere else.
Posted on 9/3/26 at 6:17 am to Chicken
Paige's onlyfans
Posted on 9/3/26 at 8:27 am to jefforize
quote:
WeBull and robinhood
I use Fidelity and find it very user friendly. If this person is interested in long-term saving I would recommend he do the same.
I have played around with Robinhood alot but to me it feels more like DraftKings and gamifies investing too much. It force feeds you options and crypto (WeBull is worse).
Posted on 9/3/26 at 12:56 pm to BayMar
quote:all of this. RH is not an option I would recommend for inexperienced investors. It is designed to extract money from the user
I have played around with Robinhood alot but to me it feels more like DraftKings and gamifies investing too much. It force feeds you options and crypto
Posted on 9/6/26 at 5:06 pm to cgrand
This is why RH should be avoided
They are making money steering people who don’t know any better into options and predictions market bets. It’s straight up gambling
They are making money steering people who don’t know any better into options and predictions market bets. It’s straight up gambling
Posted on 9/9/26 at 9:19 am to Chicken
Either draft kings or kalshi
Posted on 9/9/26 at 10:36 am to Chicken
Fidelity>Vanguard>Schwab
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