Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Vanguard, Fidelity, and everybody else
Old 03-18-2012, 07:00 PM   #1
Recycles dryer sheets
teekaymn's Avatar
 
Join Date: Feb 2012
Location: Minneapolis
Posts: 61
Vanguard, Fidelity, and everybody else

I haven't done in-depth analysis of which fund families are a better buy than others, but I seem to see the most frequently mentioned on this forum are Vanguard and Fidelity. My 401k is with Oppenheimer, but I have some IRA's with Putnam. Should I be looking at Vanguard and/or Fidelity, or others, for long-term placement of my money? And if so, what makes them the best choices? I'm not looking for out-and-out investment advice, I'd just like to know why they seem to get the most ink.
__________________

__________________
teekaymn is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 03-18-2012, 07:04 PM   #2
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,075
These old threads might help:

Fidelity vs Vanguard or others
During Retirement: Fidelity or Vanguard?
who is better - schwab, fidelity or vanguard
__________________

__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Old 03-18-2012, 07:06 PM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jun 2005
Posts: 8,616
They get the most ink because they are the least expensive by a very wide margin.
__________________
LOL! is offline   Reply With Quote
Old 03-18-2012, 07:10 PM   #4
Recycles dryer sheets
 
Join Date: Aug 2009
Location: westerville
Posts: 242
Both Fidelity and Vangaurd are condidered low cost with many no load funds available. They have a full compliment of services and I acually use both. vanguard has my 401K. Fideility has my individual Mad Money stocks as a trade stocks like thier trading tools tools. I also own a significant amount of different Americam funds that had up front loads however very low expenses inside the funds with low turnover rates and better overall long term 10 years returns for the style of funds I was shopping for about ten years ago..
__________________
Trawler is offline   Reply With Quote
Old 03-18-2012, 07:25 PM   #5
Recycles dryer sheets
teekaymn's Avatar
 
Join Date: Feb 2012
Location: Minneapolis
Posts: 61
Thanks for the quick replies, all -- I'll be checking out the links posted by REWahoo.
__________________
teekaymn is offline   Reply With Quote
Old 03-18-2012, 07:53 PM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Nov 2007
Posts: 7,526
Vanguard ETF funds are some of the lowest cost investment choices around. But they are available at any brokerage firm. And some firms offer free or dirt cheap trades.

Fidelity is also good because they offer free trades on many ishares ETFs, and have a few good low cost index funds (although their selection recently got worse with a doubling of expense ratio of their International Spartan fund).
__________________
Retired in 2013 at age 33. Keeping busy reading, blogging, relaxing, gaming, and enjoying the outdoors with my wife and 3 kids (5, 11, and 12).
FUEGO is offline   Reply With Quote
Old 03-18-2012, 09:49 PM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2005
Posts: 13,260
When I was doing a review for a new 401(k) provider, Putnam was not that bad.... so I would not throw it out just because it is not one of the big two...

Vanguard did not want to have anything to do with us as we were way to small... so we went with Fidelity and are pleased... but Putnam was our next choice...

Can not remember about Oppenheimer... I do think they were a bit pricey....
__________________
Texas Proud is online now   Reply With Quote
Old 03-18-2012, 11:01 PM   #8
Thinks s/he gets paid by the post
73ss454's Avatar
 
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,378
Years ago my old broker put me into Oppenheimer funds, I later found out that the up front charge to put money into the funds was 5.75%, can you imagine? I got out of there fast and didn't even bother to look at the ER's on the funds.

My advise is not to commit any new funds to Oppenheimer and call Vanguard ASAP.
__________________
Work is something you do to get enough $ so you don't have to....Me.
73ss454 is offline   Reply With Quote
Old 03-19-2012, 02:03 AM   #9
Thinks s/he gets paid by the post
obgyn65's Avatar
 
Join Date: Sep 2010
Location: midwestern city
Posts: 4,061
I am at Vanguard and Edward Jones. I get very good service from both companies.
Quote:
Originally Posted by teekaymn View Post
Should I be looking at Vanguard and/or Fidelity, or others, for long-term placement of my money? And if so, what makes them the best choices?
__________________
Very conservative with investments. Not ER'd yet, 48 years old. Please do not take anything I write or imply as legal, financial or medical advice directed to you. Contact your own financial advisor, healthcare provider, or attorney for financial, medical and legal advice.
obgyn65 is offline   Reply With Quote
Old 03-19-2012, 05:41 AM   #10
Full time employment: Posting here.
 
Join Date: Apr 2008
Posts: 702
I have been happy with Schwab whom I have been using for the past 7 years. I find their website, trading, banking, on line education, news, and money transfers are all very well designed and reliable.

I have started to go to some of their educational workshops at the local branch since I retired and most of them have been worth while. Some have been better than others.

I don't know too much about their mutual funds. I own some Vanguard funds which I hold in my Schwab account.
__________________
FreeAtLast is offline   Reply With Quote
Old 03-19-2012, 06:41 AM   #11
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
donheff's Avatar
 
Join Date: Feb 2006
Location: Washington, DC
Posts: 8,638
In addition to the interest in no load funds and low expense ratios, many here like index funds rather than actively managed funds. Vanguard, Fidelity and Schwab have good selections of low cost index funds.
__________________
Every man is, or hopes to be, an Idler. -- Samuel Johnson
donheff is offline   Reply With Quote
Old 03-19-2012, 10:33 AM   #12
Recycles dryer sheets
 
Join Date: Aug 2011
Location: Atlanta
Posts: 420
Quote:
Originally Posted by LOL! View Post
They get the most ink because they are the least expensive by a very wide margin.
+1 that was my first thought - Cost. It is the only variable you can control.
__________________
SJ1_ is offline   Reply With Quote
Old 03-19-2012, 10:41 AM   #13
Moderator
ziggy29's Avatar
 
Join Date: Oct 2005
Location: Texas
Posts: 15,612
Quote:
Originally Posted by FreeAtLast View Post
I have been happy with Schwab whom I have been using for the past 7 years. I find their website, trading, banking, on line education, news, and money transfers are all very well designed and reliable.

I have started to go to some of their educational workshops at the local branch since I retired and most of them have been worth while. Some have been better than others.

I don't know too much about their mutual funds. I own some Vanguard funds which I hold in my Schwab account.
In terms of ETF investing, too, Vanguard, Schwab and Fidelity all have a list of ETFs that can be traded with no commissions. Vanguard and Schwab ETFs can be traded commission-free at their respective sponsoring brokerages, and Fidelity has some iShares funds that can be traded with no commissions.

The Vanguard and Schwab offerings are very comparable in expenses; for any given asset class there are times the Vanguard ETF is cheaper and times when the Schwab ETF are cheaper. (For the most part, the iShares are a little higher in expenses.)

Vanguard, Schwab and Fidelity have been competing and trying to one-up each other in terms of offering lower cost, lower fee investing options for "Bogleheaded" investors. And we as investors are the winners for it. Competition can be a wonderful thing.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)

RIP to Reemy, my avatar dog (2003 - 9/16/2017)
ziggy29 is offline   Reply With Quote
Old 03-19-2012, 11:52 AM   #14
Full time employment: Posting here.
ShortInSeattle's Avatar
 
Join Date: Jan 2012
Location: Seattle
Posts: 517
Quote:
Originally Posted by FUEGO
Vanguard ETF funds are some of the lowest cost investment choices around. But they are available at any brokerage firm. And some firms offer free or dirt cheap trades.

Fidelity is also good because they offer free trades on many ishares ETFs, and have a few good low cost index funds (although their selection recently got worse with a doubling of expense ratio of their International Spartan fund).
We just built a ETF portfolio at Fidelity using the commission free iShares. Given our interest in regular rebalancing the free trades make it a great deal.

SIS
__________________
ShortInSeattle is offline   Reply With Quote
Old 03-19-2012, 12:21 PM   #15
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Midpack's Avatar
 
Join Date: Jan 2008
Location: Chicagoland
Posts: 11,967
I started with a big name full service retail brokerage trading individual stocks exclusively, learned a lot but wised up after a few years of moderately higher commissions.

I then moved my whole portfolio to Fidelity for about 10 years when I traded individual stocks and active mutual funds, it was a good fit then, I was 100% equities in those days. When I stopped trading individual stocks and focusing on index funds, I moved everything to Vanguard (about 15 years ago). Vanguard had way more index funds to choose from. Fidelity provided more hand holding than Vanguard, but I no longer needed the help by then. However, Fidelity advice was usually good but not always, mostly bright "kids" with narrow knowledge.

My old employer had our 401k's with Schwab. The funds were garbage, but that was my employers fault (dumb selections), Schwab had decent funds - just not options for us.

I'd be comfortable with Vanguard, Fidelity or Schwab - though I like Vanguard best for DIY index investors.

Best of luck...
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57

Target AA: 60% equity funds / 35% bond funds / 5% cash
Target WR: Approx 2.5% Approx 20% SI (secure income, SS only)
Midpack is offline   Reply With Quote
Old 03-19-2012, 12:34 PM   #16
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
youbet's Avatar
 
Join Date: Mar 2005
Location: Chicago
Posts: 9,965
Quote:
Originally Posted by FreeAtLast View Post
I have been happy with Schwab
Me too. I've been with Schwab for over 20 years and so far, so good.
Quote:
I own some Vanguard funds which I hold in my Schwab account.
If you haven't discovered this yet, you can ask Schwab to set up your account to trade Vanguard funds commission free.


I think an investor can do just fine using either Vanguard, Schwab or Fidelity. I stick with Schwab because DW has a bad case of "investor-phobia" and requires a brick and mortar office nearby. Fidelity would also work for us. I've studied Vanguard and if it were not for DW's craving for brick and mortar facilities, Vanguard would work just fine for me.

The key thing is to avoid a brokerage where salespeople try to put you into loaded MF's with high ER's or try to sell you other products which are more focused on paying the salesperson a nice commission as opposed to meeting your needs efficiently. Vanguard, Schwab, Fidelity all meet this requirement. After that, whether you're paying a .06% or .08% ER for a TSM index fund isn't going to make all that much difference.
__________________
"I wasn't born blue blood. I was born blue-collar." John Wort Hannam
youbet is offline   Reply With Quote
Old 03-19-2012, 01:12 PM   #17
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Nov 2007
Posts: 7,526
Quote:
Originally Posted by ShortInSeattle View Post
We just built a ETF portfolio at Fidelity using the commission free iShares. Given our interest in regular rebalancing the free trades make it a great deal.
I use the free trades to my advantage as well. I get my credit card rewards dumped into my fidelity account, along with $75/month or so in interest on a bond. Every few months I end up with a few hundred bucks in cash in my brokerage account and I can buy a few shares of an ishares ETF. However the comparable vanguard ETFs are starting to be a much better deal in terms of expense ratios so I will be slowly switching over to vanguard ETFs.
__________________
Retired in 2013 at age 33. Keeping busy reading, blogging, relaxing, gaming, and enjoying the outdoors with my wife and 3 kids (5, 11, and 12).
FUEGO is offline   Reply With Quote
Old 03-19-2012, 01:16 PM   #18
Thinks s/he gets paid by the post
Finance Dave's Avatar
 
Join Date: Mar 2007
Posts: 1,046
I use Vanguard since my MegaCorp uses them for 401k.

I also use Fidelity because I manage my dad's retirement assets, and he had them there for years already.

I must admit I think Fidelity's online site is slightly easier to navigate, but otherwise I'm ok with either one. With Vanguard I've not found a way to integrate DW's portfolio with mine...but then I've never asked them if it's possible. When you're a "buy and hold" person...you only look online about twice a year.
__________________
"Live every day as if it were your last, and one day you'll be right" - unknown
Finance Dave is offline   Reply With Quote
Old 03-19-2012, 02:09 PM   #19
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
FinanceDude's Avatar
 
Join Date: Aug 2006
Posts: 12,484
Vanguard is FAR BEHIND Fido and Schwab as far as what you can do on the site..........
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)


This Thread is USELESS without pics.........:)
FinanceDude is offline   Reply With Quote
Old 03-19-2012, 02:15 PM   #20
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Midpack's Avatar
 
Join Date: Jan 2008
Location: Chicagoland
Posts: 11,967
Quote:
Originally Posted by FinanceDude View Post
Vanguard is FAR BEHIND Fido and Schwab as far as what you can do on the site..........
That was/is my experience too. And Vanguard's reports/format is the clumsiest too. Though I still like their index find choices.
__________________

__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57

Target AA: 60% equity funds / 35% bond funds / 5% cash
Target WR: Approx 2.5% Approx 20% SI (secure income, SS only)
Midpack is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
The financial crisis of 2008, uncertainty, and change in plans obgyn65 FIRE and Money 134 03-29-2012 02:43 PM
Doctors and Retirement Jackson D Other topics 7 03-18-2012 08:59 PM
Social Security and Debit Express? NYEXPAT FIRE and Money 0 03-18-2012 10:05 AM

 

 
All times are GMT -6. The time now is 02:33 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.