What’s your preferred broker? And a note…For ETFs with Fidelity you can’t auto Dollar Cost Average. It’s just better since there’s Fractional Shares and you can buy a fraction. 8:57
@davidsco27
9 ай бұрын
Fidelity does NOT care about their retail investors and will close your account at will. Do NOT invest a dime with those crooks
@johnhenderson7081
Жыл бұрын
I have them both. Both are excellent brokerages in my opinion. Had a very hard time ditching one, so I keep both and using them both.
@dominicojames745
8 ай бұрын
I'm interested in using both as well. One for an IRA and one for an investment account. What do you use each for if you don't mind me asking?
@brianpennymusic
Жыл бұрын
One advantage with Schwab is if you travel enough that an Amex platinum card makes sense. You can get the Schwab platinum card and have your Amex points get deposited as money into your investment account
@hydnars
5 ай бұрын
almost nowhere outside the US will take Amex save a few major retailers/supermarkets
@mika0324k
Жыл бұрын
I have both accounts. The other difference between the two is that Fidelity's cash position has three options, so uninvested cash is automatically invested in the money market fund, while Schwab does not have such a feature. Cash uninvested in Schwab has a 0.45% interest rate at Schwab Bank vs. 4.45% interest rate at Fidelity Money Market fund, so there is now a big difference in interest rates for cash positions. But you can buy manually Schwab money market fund that Schwab said. I like both of them.
@paulheiting6484
Жыл бұрын
Can you tell me if there are any transaction fees for buying or selling a Schwab money market fund?
@davidsco27
9 ай бұрын
@@paulheiting6484 there are not
@eugene3496
6 ай бұрын
@@paulheiting6484there is no transaction fees for buying any one of Schwabs money market mutual funds.
@aaronmiwiify
2 ай бұрын
@@paulheiting6484 no.
@christopherfogle6147
11 ай бұрын
Fidelity has a much higher yield on their idle cash accounts which I really like
@Pharoh_95
Жыл бұрын
I have schwab but you can't go wrong with fidelity. I have an account with fidelity for my employer sponsored 401k
@Antimatter22G
9 ай бұрын
I'm brand new to trading, and so I paid for a service with good reviews that teaches me how to trade both stocks and options. I went with Fidelity and have been happy with them for the most part, however; when I applied to trade options I was denied, due to not enough trading experience. I know I don't have a lot of treating experience that's why I paid for service to teach me how. But I can't learn how if they won't let me trade options. The kicker of it all was the customer service person couldn't even tell me what the criteria was that I needed to have in order to get approved to trade options. So currently very frustrated with Fidelity over lack of being able to trade options. Going to contact Charles Schwab see if they will let me trade options before I set up an account and transfer funds to it.
@maxmaxed2887
5 ай бұрын
Fidelity automatically puts cash into high yield MMF. Schwab does NOT. It is actually HUGE in case you are trading with your savings and want to get interest while you wait for trades
@maxmaxed2887
5 ай бұрын
I just switched everything from Schwab and Ally to Fidelity. I use brokerage as a HYSA account with their high yield rate and I also buy TBIL ETF for even higher yield for emergency fund.
@InfoRanker
Жыл бұрын
I just wanted to see the interfaces so I can see the UI and functionality of each.
@ChaseDizzie
Жыл бұрын
Schwab, Interactive Brokers, ETrade, and TD all joined Robinhood in restricting trades during the GME fiasco a couple years ago. I'm sticking with Fidelity.
@citizenpunx
Жыл бұрын
I find Schwab’s user experience to be better for me
@cliffordhussey8549
9 ай бұрын
We have been active with all three. We prefer Fidelity with their wide range of products and services. Just a couple off limitations on their option trading platform but not a big deal.
@ghant.
Жыл бұрын
Schwab needs to allow ETF fraction shares
@micahnorth713
Жыл бұрын
Yeah this is a big loss compared to Fidelity
@Openmountain1
Жыл бұрын
I have both and I love both. I’m very happy with both companies and what each have to offer.
@dominicojames745
8 ай бұрын
I am actually considering both one for IRA and one for investment accounts. What do you use each for if you don't mind me asking?
@akin242002
Жыл бұрын
I like Schwab a little bit more. However, Fidelity has an edge for taxable brokerage accounts due to fractional share purchasing ability for all ETFs and stocks.
@maxmaxed2887
5 ай бұрын
Schwab also has fractional
@aaronmiwiify
2 ай бұрын
@@maxmaxed2887 not etfs. I wish you could buy fractional etfs with Schwab
@thejourney7395
Жыл бұрын
Great video as usual! Have been with Fidelity a long time. Very flexible and helpful.
@johna9994
Жыл бұрын
I have been happy with fidelity so far. The only downside is they don’t have automatic investing with ETFs.
@RobbieMoney
Жыл бұрын
Hi John ya true. I think M1 Finance may be the only one I’ve seen who can do that.
@justmi9773
Жыл бұрын
@@RobbieMoneyRobinhood has it too!
@akin242002
Жыл бұрын
M1 Finance, SoFi, Webull, Robinhood, and now E*Trade have automatic ETF investing.
@MarkJosephGuitar
7 ай бұрын
They have this now
@johna9994
7 ай бұрын
@@MarkJosephGuitar I didn’t know they changed it! Thanks!
@justinbenavidez1985
Жыл бұрын
What's your opinion on M1 Finance?
@josephmgomez3921
5 ай бұрын
I will take them over Vanguard in a heartbeat.
@yia01
Жыл бұрын
schwab dotn do fractional share with etf but u can auto reinvest dividend with etf which is buying fractional share, thye should just make it full fractional share with etfs
@jeffkoons001
22 күн бұрын
Fidelity doesn't track a proper index in their zero funds, Vanguard tracks CRSP and S&P - I'll stick to Vanguard and pay the small fee
@wiseguysmith6519
Жыл бұрын
It's important to note, that while these accounts may be insured up to a limit by FDIC and such, in the case of a wide spread financial meltdown, there is no way they could cover all those loses. FDIC would have enough cash to cover about 3% of the total amounts they insure.
@AdventurerPrimefire
Жыл бұрын
The government can decide to garentee any dollar value they want, they just can't garentee the value of that dollar.
@p.c.h.6721
Жыл бұрын
They are insured by SIPC mainly
@user-zo2ge3oe8d
8 ай бұрын
In the case of a wide spread financial meltdown the stocks wouldn’t be worth anything anyway. The dollar wouldn’t be worth much either.
@fortunecookie999
5 ай бұрын
@@user-zo2ge3oe8d then how should one diversify? buy gold?
@bibbidi_bobbidi_bacons
2 ай бұрын
Why is fidelity annoying with settlement. Buy stock and settlement in a day. Sell said stock, settlement in a day…. You cannot then buy another stock until Wednesday. Wtf - nobody else is like this
@LooseJointhiphopdance
10 ай бұрын
I think Fidelity won. I've been leaning towards Fidelity. What is attractive about CS is the aquisition of TDI Ameritrade and the Think or Swim platform. It would be great if Fidelity offered something like that but you can't have everything. However, it seems to be the clear winner.
@MrProsat
4 ай бұрын
ToS by far superior if you invest in options or do technical analysis.
@smartinvestor8055
Жыл бұрын
Bro your explanation is good but you talk very fast bro talk at maximum speed 😊👍
@Lena-kp9tf
11 ай бұрын
Adjust the speed in KZitem. There are many options you can choose from
@juliusdejesus9765
Жыл бұрын
Hey Robbie Is it possible for you to do a review on Public brokerage.?
@deepconcealmentholsters783
3 ай бұрын
Is the Charles schwab wealth management worth the .80 points? Thanks
@user-zo2ge3oe8d
8 ай бұрын
Just wondering if anyone knows, if I have 2 brokerage accounts with 2 different brokerages, is each account insured up to $500k? I have $400k in an account and I’m thinking of getting Charles Schwab just to increase sipc coverage.
@bobfmirvine6652
3 ай бұрын
Yes, because they are at two different brokerages.
@23KingKJ
9 ай бұрын
Oh man that was perfect… this shed so much light. My whole purpose is to get an account so I can invest in VOO for the long term and I can do that with Fidelity. That settles it I know who I’m going with now.
@RobbieMoney
9 ай бұрын
Hi @23kingkj make sure to check the pinned comment about dollar cost averaging and ETFs with Fidelity. Thanks for watching 🙂
@autumnallen1998
Жыл бұрын
How do we keep our money safe away from the stock market?
@JohnnyBananas7x
Жыл бұрын
Id be pissed if I asked a question and got a like instead. Wont be subscribing here.
@sogreatray
Жыл бұрын
fidelity you can buy back short options positions with a premium of less than 65c for free.
@jayhuang1769
Жыл бұрын
im looking to open a charles schwab account so i can get the schwab amex platnium and then use my points for 1.1cpp. i currently have a roth ira with fidelity, can i transfer my roth ira from fidelity to charles schwab and can i contribute my amex points for 1.1 cpp into the roth ira?
@margaretr.4427
3 ай бұрын
That dividend distribution only being once a year surprised me…
@maxmaxed2887
5 ай бұрын
The only thing that Fidelity lacks is Zelle. That is it. Everything else is superior by far.
@townebarbers9068
Жыл бұрын
fidelity it the best in my opinion
@imanilwilliams
Жыл бұрын
Yea but why?
@josephmgomez3921
6 ай бұрын
Because we said so...lol@@imanilwilliams
@imanilwilliams
Жыл бұрын
Schwab also has Zelle now.
@josephmgomez3921
6 ай бұрын
I don't need Zelle...lol
@dennism7909
Жыл бұрын
Schwab makes its money on the trading sweep accounts 0.45% yield instead of being able to sweep it automatically into a money market fund 4.5 % that will cost you thousands of dollars a year
@MrProsat
4 ай бұрын
If you keep 100,000 plus in cash...
@DK-pr9ny
Жыл бұрын
Fidelity’s tax loss harvesting is excellent
@phsycopiano
4 ай бұрын
Schwab definitely. Fidelity is too left
@IsaacBrinkman
2 ай бұрын
Can you elaborate?
@Red-n5r
Ай бұрын
@@IsaacBrinkman No he can't, stupid comment.
@josephmgomez3921
6 ай бұрын
Fidelity hands down all day and night.
@organizer14
Жыл бұрын
What about Jp Morgan chase?
@RobbieMoney
Жыл бұрын
Find the 8 Best Fidelity Index Funds in this video! kzitem.info/news/bejne/p6OCxZ93sZtkZ44
@user-bm6wu9zw9m
Жыл бұрын
Neither. M1 Finance 🤑
@imdoc7872
Жыл бұрын
Vanguard baby!
@josephmgomez3921
6 ай бұрын
Not even close
@zamanharoon6620
5 ай бұрын
Def not
@tailzzzzz
4 ай бұрын
They are increasing their fees starting July 1st, 2024. I may switch to Fidelity.
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