What's a good place to open a brokerage account?

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NoItsNotLikeThat
Posts: 12
Joined: Mon Aug 31, 2020 9:58 am

What's a good place to open a brokerage account?

Post by NoItsNotLikeThat »

Title pretty much says it all. Looking for a place to invest my after-tax funds.

Dream of Freedom
Posts: 753
Joined: Wed Aug 29, 2012 5:58 pm
Location: Nebraska, US

Re: What's a good place to open a brokerage account?

Post by Dream of Freedom »

If you are just going to put it in an index fund then go with vanguard. If you are buying individual stocks I like TD Ameritrade. It has free analyst reports and good charting software through the think or swim platform. The think or swim platform also gives you a paper trading mode to help you work on your skills without risking real money.

NoItsNotLikeThat
Posts: 12
Joined: Mon Aug 31, 2020 9:58 am

Re: What's a good place to open a brokerage account?

Post by NoItsNotLikeThat »

Thanks! I plan on just going with an index fund. I do have a 401(k) with Vanguard already, so it makes sense to go ahead and open an account with them.

Lucky C
Posts: 755
Joined: Sat Apr 16, 2016 6:09 am

Re: What's a good place to open a brokerage account?

Post by Lucky C »

Fidelity has been competitive lately by reducing/eliminating fees and transaction costs to compete with Vanguard. However their interface is very busy advertising lots of their other features, market news, etc. I like the relative simplicity of Vanguard's interface better. You can also buy Fidelity funds through Vanguard and vice versa, in case you see a fund you like from one that isn't offered by the other.

OTCW
Posts: 437
Joined: Thu Mar 31, 2011 12:55 am

Re: What's a good place to open a brokerage account?

Post by OTCW »

Fidelity has a no fee total stock index I believe.

For active trading, I second the TDAmeritrade suggestion.

Scott 2
Posts: 2858
Joined: Sun Feb 12, 2012 10:34 pm

Re: What's a good place to open a brokerage account?

Post by Scott 2 »

For an index investor, the structure of Vanguard makes them hard to beat.

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