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<blockquote data-quote="Travel Museums" data-source="post: 954554" data-attributes="member: 11817"><p>Yes you can buy vanguard, fidelity, etc ETFs because they trade like a stock. The advantage of sticking with Schwabs 200 commission free etfs is no transaction fee even if you sell early. But a few vanguard ETFs have slightly lower management costs so holding them over the long term will give you a slightly higher return, but it's marginal. </p><p></p><p>Sometimes with new accounts you get free trades for 6 months. I think the etrade/scottrade types have ongoi offers like that. The idea is to get you addicted to lots of trades. But they have penalties. </p><p></p><p>They are all making money charging a small fee on your transaction. That's a downside of dollar cost averaging but it can be negated by staying in house or getting codes. </p><p></p><p>I don't like recommending specific investments besides examples like Apple (biggest company in the world). It really depends on your specific personal finances and situation which you should never disclose on the internets. </p><p></p><p>Call Schwab and talk to a broker. They're not 24 hour access like the bank side. And they put you on hold and never call back or follow up like they promise to. </p><p></p><p>But you can get a hold of them easily enough and find out all this stuff in a hour of conversation. You can also find your nearest branch and make an appointment. </p><p></p><p>If you're not ready to invest that's ok. Pick 5 etfs and track them with a fake investment and see how'd you'd do. I did this in 7th grade with a random assignment of stocks from my teacher and realized i should have put my money in better performing stocks. Duh. </p><p></p><p>Then I learned about index funds having the benefit of mutual funds without the loads and outperforming money managers from a PBS special. The rest I picked up the same way. </p><p></p><p>Fool around with Schwabs resources. Besides a local credit union account and (military bank account if applicable) they've got you covered for everything. They are the only bank I found that doesn't charge an international exchange rate AND refunds all your ATM fees. If you travel like me that's maybe 5% or more cash back. Some banks will not charge ATM fees. Some will charge 1-3% intl transaction fee. Some will hide that fee in a shitty exchange rate. You chose the best bank to familiarize yourself with. Plus whenever I call them from abroad I get an American on the phone. "Hi I'm Josh in Colorado"... sometimes they even remember who I am because they helped me last time. Fucking amazing service.</p></blockquote><p></p>
[QUOTE="Travel Museums, post: 954554, member: 11817"] Yes you can buy vanguard, fidelity, etc ETFs because they trade like a stock. The advantage of sticking with Schwabs 200 commission free etfs is no transaction fee even if you sell early. But a few vanguard ETFs have slightly lower management costs so holding them over the long term will give you a slightly higher return, but it's marginal. Sometimes with new accounts you get free trades for 6 months. I think the etrade/scottrade types have ongoi offers like that. The idea is to get you addicted to lots of trades. But they have penalties. They are all making money charging a small fee on your transaction. That's a downside of dollar cost averaging but it can be negated by staying in house or getting codes. I don't like recommending specific investments besides examples like Apple (biggest company in the world). It really depends on your specific personal finances and situation which you should never disclose on the internets. Call Schwab and talk to a broker. They're not 24 hour access like the bank side. And they put you on hold and never call back or follow up like they promise to. But you can get a hold of them easily enough and find out all this stuff in a hour of conversation. You can also find your nearest branch and make an appointment. If you're not ready to invest that's ok. Pick 5 etfs and track them with a fake investment and see how'd you'd do. I did this in 7th grade with a random assignment of stocks from my teacher and realized i should have put my money in better performing stocks. Duh. Then I learned about index funds having the benefit of mutual funds without the loads and outperforming money managers from a PBS special. The rest I picked up the same way. Fool around with Schwabs resources. Besides a local credit union account and (military bank account if applicable) they've got you covered for everything. They are the only bank I found that doesn't charge an international exchange rate AND refunds all your ATM fees. If you travel like me that's maybe 5% or more cash back. Some banks will not charge ATM fees. Some will charge 1-3% intl transaction fee. Some will hide that fee in a shitty exchange rate. You chose the best bank to familiarize yourself with. Plus whenever I call them from abroad I get an American on the phone. "Hi I'm Josh in Colorado"... sometimes they even remember who I am because they helped me last time. Fucking amazing service. [/QUOTE]
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