When you finally decide to invest, choosing the right brokerage account is crucial. Here I will be comparing two of the best accounts out there!

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Music by @ikson

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Fidelity and Vanguard are similar in certain aspects. The risk is pretty much the same and they both offer a wide variety of low – cost mutual funds and ETFs. But which one is better?

The main difference is that Vanguard, unlike fidelity, is client owned and that means that fund shareholders own the funds therefore owning Vanguard. So there are no outside owners seeking profit.

Now when it comes to using both platforms, each one is geared towards a specific audience. Vanguard is more for buy & hold investors who are not so tech-savvy. If you do not know a lot about trading. You just want to buy a few stocks and hold it long term. Then, Vanguard is more for you. Vanguard also happens to be the best for bigger investors because of the fees. The bigger your account the more favorable it is.

On the contrary, Fidelity is designed more for retail investors and sophisticated traders. If you like hands on trading then Fidelity is your way to go because they offer a trading platform. Vanguard does not. If you are into Forex you can trade with fidelity. The only downside about that is that they only have 13 currencies available for exchange. You also can not trade futures, options on futures, or cryptocurrencies with fidelity. So definitely keep that in mind if that’s something you are looking for.

Then we have their customer service. For many this is something that is crucial. That is on top of their list and it can be a major deal breaker. Vanguard is only open 8am – 10pm Eastern time. Monday – Friday. So if something major were to happen Saturday you wouldn’t be able to contact them till Monday. This has never been an issue for me, but anything can happen. Fidelity. Fidelity has a 24/7 phone line where you can call them and tell them what you are looking for.
And finally, let’s talk about their fees. One of the most important things right. Let’s hop onto my computer so that we can thoroughly analyze both.

Overall, I think both are amazing platforms but it all depends on your needs and what you are looking for. Just how I had mentioned in my roth ira video. I made an account with vanguard. In my opinion, you can never go wrong with vanguard but fidelity is an amazing alternative. It offers a more robust platform….(read more)

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When it comes to investing, Vanguard and Fidelity are two of the biggest players in the game. Both companies offer a wide range of investment products and services, making them popular choices for investors looking to grow their wealth.

Vanguard is known for its low-cost index funds and exchange-traded funds (ETFs). The company pioneered the concept of index investing and has a long track record of delivering solid returns to its investors. Vanguard is also known for its commitment to keeping costs low, which has made it a favorite among long-term, buy-and-hold investors.

On the other hand, Fidelity is known for its wide range of investment options, including mutual funds, ETFs, and individual stocks. The company also offers a suite of financial planning and advisory services, making it a one-stop shop for investors looking for a full-service investment experience.

So, which one is better – Vanguard or Fidelity? Well, it ultimately depends on the individual investor’s needs and preferences. However, there are a few key points to consider when comparing the two companies.

Cost: Vanguard is known for its low-cost investment options, with some of the lowest expense ratios in the industry. This can make a big difference over the long term, especially for investors who are looking to minimize fees and expenses.

Investment options: Fidelity offers a wider range of investment options compared to Vanguard. This can be appealing to investors who are looking for specific types of funds or want more flexibility in building their investment portfolio.

Customer service: Both Vanguard and Fidelity have strong reputations for their customer service, but Fidelity may have a slight edge in this area due to its wider range of financial planning and advisory services.

Ultimately, there’s no clear winner in the Vanguard vs. Fidelity debate. Both companies have their strengths and weaknesses, and the best choice for you will depend on your individual investment goals and preferences.

It’s important for investors to do their own research and consider their own financial situation when choosing between Vanguard and Fidelity. Both companies have solid reputations and offer a range of investment options, so ultimately, the decision comes down to which company aligns best with your personal investment strategy. Whether you prefer low-cost index funds or a wider range of investment options and services, both Vanguard and Fidelity can offer something for every type of investor.