What vehicle should I start to use for investing? Etrade? Ameritrade? Robinhood? Coinbase? I am a noob level 0 investor. I don’t know how much, when, or what to invest in. Explaining to me as though I am a 5th grader would be helpful. I have a few thousands dollars free and figured it’s better to work to grow that wealth than let it sit in my savings account when I already have emergency savings and put 10% into my 401k monthly. Just need some friendly guidance!

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Do not use robinhood

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This article explains a lot of the RH drama and lacking capabilities. The app is just shady and there are so many other better options. https://clark.com/personal-finance-credit/investing-retirement/robinhood-review/

I like fidelity because I can have all my accounts in one place. I use their cash management for checking, Roth IRA, HSA, brokerage, etc. That said, I do have a robinhood account and it’s way more user friendly. I would go fidelity for long term stuff and use robinhood to learn more about trading individual stocks (if interested).

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I personally like Ameritrade and Schwab. Vanguard and Fidelity are also good options.

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Fidelity has free trades and a good interface.

Would also reccomend robo advisors / index funds / low cost mutual funds if you're just getting started over starting to pick stocks

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I like fidelity but admit the UI isn’t as good as something as Robinhood. That said it has a lot more features and isn’t as sketchy as Robinhood is.

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Avoid Robinhood like the plague

I've been dumping all of my extra money into an investment account with Edward Jones for a few years, and they've done a great job with it. You meet with a local rep and they'll walk you through risk tolerance and goals and then diversify it all for you. Fee is tiny, has absolutely been worth it not to have to think about it. I have a small chunk of money automatically transferred to that account every month.

How much exactly is "tiny"? Around 1%? That's 1% by which they will have to have your portfolio beat the market on a regular basis. Over decades, that had proved to be an almost impossible task.

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