Personal Finance

3861 readers

9 users here now

Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!

Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)

founded 2 years ago

MODERATORS

[email protected]

Investing in S&P 500. Which broker to use? (lemm.ee)

submitted 1 week ago by [email protected] to c/[email protected]

15 comments fedilink hide all child comments

I'm a complete newbie. The only "investing" I've ever done is use HYSAs. Obviously the yield there, while pretty good, isn't as good as investing in say, the S&P 500. So I want to invest a chunk of my savings into that and just leave it there until I retire. I'm not really looking into daily/active trading or anything. The problem is I don't know how fees work with brokers.

I saw this graph a while ago so I was thinking of Fidelty. It also helps that I already have an account there for my employer RSUs and my 401k. On the other hand, a colleague of mine suggested Schwab and said they don't have any fees.

Can anyone suggest the best broker (minimal/no fees, easy-to-use, set-and-forget) that I should go with if I just want to invest in the S&P 500?

you are viewing a single comment's thread
view the rest of the comments

[–] Boinkage -1 points 1 week ago

Who's down voting me?? If you've got a broker managing your efts for zero dollars a year please share, I'm very interested.