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Additional Posts in Personal Investment Chatter
Does anyone put money into CDs anymore?
Advise for TFSA investment in Toronto?
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Schwab is great, definitely recommend and the mobile app is great too
Second this!
Pro
Vanguard, Schwab, Fidelity - in that order. All 3 have been around, reputed, and should not interfere with most compliance.
Pro
Use one of the large, dominant companies out there. Fidelity is easy to use. TD Ameritrade is ok too (merging with Schwab, which has an excellent reputation too). Since basically none have fees for transactions, go by look and feel of their websites, in particular for doing research, and also availability of the ETFs you want.
Thank you!
Pro
Robinhood is easy to set up
Be careful - less reliable than the other options without any additional benefits. I don’t believe they get any federal guarantees for your funds either.
So does it mean I have to open an account in each platform to buy the ETF I want? Say Vanguard for VEQT and Fidelity for FDLO?
Pro
Not necessarily. Currently, note currently, most ETFs trade commission free cross platforms. That might change in the future. You'd still be able to buy but might have to pay for trades. In house ETFs mostly trade free.
How is roboadvisor different than a platform? Which would you prefer for a newbie?
Pro
Robo advisors are another layer on top of each of the platforms or brokerage. They aim to build a somewhat customized portfolio for you based on your time horizon and risk appetite.