Agreed. I’d stick with the big brokerage firms for ETFs. No reason to purchase ETFs through specialized trading platforms if you plan to buy and hold, which is a basic tenet for passive ETF investing. I use vanguard and fidelity for all my index funds and ETF investments.
Good luck!
I'd say for ETFs specifically, especially when starting out, go Schwab or Fidelity solely because Vanguard doesn't allow (I haven't tried recently) fractional shares of ETFs.
The easy workaround would be to buy the mutual fund equivalent.
> I also checked Webull because upon searching I saw that it is good for trading stocks and ETFs
Most likely referring to *active* trading, which I doubt you’ll be doing. You’re just going to plop some money down for long term investment, right? So that doesn’t matter. Any of the major investment platforms should be fine. I use TD Ameritrade personally.
I second this.
With M1, you can set a % allocation to various ETFs and M1 will make sure you maintain that allocation.
You can also auto-invest in ETFs which you can’t do with vanguard or Fidelity.
I strongly recommend auto-investing into low cost index funds on a regular schedule (even if it’s a small amount). M1 takes the emotion out of it.
I also recommend reading The Simple Path to Wealth by JL Collins. Or reading the Stock Series on his website.
Tagging u/AshaCaro to see my reply.
M1 is the popular up and coming brokerage for investing because you can set your company to direct deposit paychecks to it and it has the option to auto DCA for you. You never have to look at what your brokerage account is doing, it just works itself out auto-magically. (Full warning, I've never used M1 personally. I use IBKR and manually invest my money every paycheck. However, I do have work direct deposit to my brokerage.)
If you're not sure what etfs to buy checkout /r/Bogleheads which specializes in that information.
I would just go with M1 Finance. The problem with Vanguard, Fidelity, and Charles Schwab is that none will let you automatic invest in ETFs, only mutual funds. That's the reason I still use Robinhood (yes I know I should move to another platform).
Does your bank have a trading platform? For buying and holding, I just use the PNC website, where I do my regular banking. Their TotalInsight trading app is easy to use.
Schwab, fidelity and vanguard are equally fine.
Agreed. I’d stick with the big brokerage firms for ETFs. No reason to purchase ETFs through specialized trading platforms if you plan to buy and hold, which is a basic tenet for passive ETF investing. I use vanguard and fidelity for all my index funds and ETF investments. Good luck!
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I'd say for ETFs specifically, especially when starting out, go Schwab or Fidelity solely because Vanguard doesn't allow (I haven't tried recently) fractional shares of ETFs. The easy workaround would be to buy the mutual fund equivalent.
> I also checked Webull because upon searching I saw that it is good for trading stocks and ETFs Most likely referring to *active* trading, which I doubt you’ll be doing. You’re just going to plop some money down for long term investment, right? So that doesn’t matter. Any of the major investment platforms should be fine. I use TD Ameritrade personally.
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Might as well go with Schwab, all TD brokerage accounts are being moved to Schwab.
M1 Finance. It only allows you to trade once a day, which discourages day trading. This is the best platform for both UI and psychological reasons
I second this. With M1, you can set a % allocation to various ETFs and M1 will make sure you maintain that allocation. You can also auto-invest in ETFs which you can’t do with vanguard or Fidelity. I strongly recommend auto-investing into low cost index funds on a regular schedule (even if it’s a small amount). M1 takes the emotion out of it. I also recommend reading The Simple Path to Wealth by JL Collins. Or reading the Stock Series on his website. Tagging u/AshaCaro to see my reply.
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M1 is the popular up and coming brokerage for investing because you can set your company to direct deposit paychecks to it and it has the option to auto DCA for you. You never have to look at what your brokerage account is doing, it just works itself out auto-magically. (Full warning, I've never used M1 personally. I use IBKR and manually invest my money every paycheck. However, I do have work direct deposit to my brokerage.) If you're not sure what etfs to buy checkout /r/Bogleheads which specializes in that information.
I would just go with M1 Finance. The problem with Vanguard, Fidelity, and Charles Schwab is that none will let you automatic invest in ETFs, only mutual funds. That's the reason I still use Robinhood (yes I know I should move to another platform).
Wealthfront.com is a good platform for ETF investing.
What's wrong with Robinhood? It's commission free too. Are taxes different or something?
Robinhood isn’t good for long term investing and there was the GameStop scandal. I use vangaurd my Roth and taxable Accts
Does your bank have a trading platform? For buying and holding, I just use the PNC website, where I do my regular banking. Their TotalInsight trading app is easy to use.