FIDELITY VS VANGUARD // Vanguard has the public shareholder model, but Fidelity offers zero $ stock commissions! So which one should you use?? Fidelity and Vanguard are both well-known brokerages that offer many of the same benefits: cheap index funds, low fees and commissions, fair business practices. But once you dig deeper, there are some important considerations! Watch this video for my deep dive comparison on Fidelity vs Vanguard, and whether investing at Fidelity or investing at Vanguard is the best fit for YOU.
***UPDATE: Vanguard now offers $0 stock trading commissions as well! The announcement came after the posting of this video. Fidelity is still the better option however (especially if you have less than $10k to invest), because their funds have no investment minimums.
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***BOOKS I RECOMMEND 📚***
I Will Teach You to Be Rich (hilarious how-to book on personal finance for millennials)
The Little Book of Common Sense Investing (Jack Bogle’s classic advice on index funds)
InvestED (step-by-step, millennial-friendly advice on how to pick stocks like Warren Buffett)
Unshakeable (this book = courage. blast ALL the fears & misconceptions you have about investing)
Rich Dad Poor Dad (#1 selling personal finance book of all time… need I say more?)
Think and Grow Rich (the ultimate book on money mindset and wealth consciousness)
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***MY FAVORITE MONEY TOOLS 🖤***
YNAB (I literally can’t live without this budgeting app, so obsessed)
Wise (like Venmo but for international currencies – I use this app a LOT for my life in Mexico)
High-Yield Savings Accounts (don’t settle for 0% when you can get 3%+ on your savings)
Ledger Nano S (crypto storage hardware wallet, because “Not Your Keys, Not Your Crypto”!):
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This content is for education and entertainment purposes only. Rose does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.
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When it comes to investing for your future, choosing the right brokerage is essential. Fidelity and Vanguard are two of the most popular brokerages in the industry, offering a range of investment options and services. So, which one is better for you? In this detailed review, we’ll compare Fidelity vs Vanguard in terms of fees, investment options, customer service, and more.
Fees
Fees are a crucial factor to consider when choosing a brokerage. Fidelity and Vanguard both offer low-cost investment options, but they differ slightly in terms of fees.
Fidelity charges $4.95 per transaction for stocks, ETFs, and options. It also offers a number of commission-free ETFs and mutual funds. On the other hand, Vanguard charges $7 per transaction for stocks and options. However, it offers over 1,800 commission-free ETFs and mutual funds.
When it comes to account fees, Fidelity doesn’t charge any annual fees or account maintenance fees, while Vanguard charges a $20 annual fee for accounts with less than $10,000 invested in Vanguard mutual funds and ETFs. However, this fee can be waived if you sign up for electronic delivery of account documents.
Investment Options
Both Fidelity and Vanguard offer a range of investment options, including stocks, bonds, ETFs, mutual funds, and more. However, the specific options available differ slightly between the two brokerages.
Fidelity offers a larger selection of individual stocks and bonds, with over 4,000 no-transaction-fee mutual funds and over 1,000 commission-free ETFs. It also offers access to IPOs and over-the-counter (OTC) stocks. Vanguard, on the other hand, offers over 3,000 no-transaction-fee mutual funds and over 1,800 commission-free ETFs. However, it doesn’t offer access to IPOs or OTC stocks.
Customer Service and Research Tools
When it comes to customer service and research tools, both Fidelity and Vanguard offer a range of resources for investors.
Fidelity offers a range of educational resources, including webinars, videos, and articles. It also offers a robo-advisor service, Fidelity Go, which provides automated investment management for a low fee. In addition, Fidelity has a mobile app that allows investors to trade and monitor their investments on the go.
Vanguard also offers educational resources, including webinars and articles. It also offers its own robo-advisor service, Vanguard Personal Advisor Services, which provides customized investment management for a higher fee. Vanguard has a mobile app that allows investors to access their accounts and monitor their investments.
Both brokerages offer 24/7 customer service via phone and online chat, as well as in-person support at select locations.
Overall, Fidelity and Vanguard are both reputable and reliable brokerages that offer low-cost investment options and a range of resources for investors. The choice between the two ultimately comes down to personal preferences and investment goals. If you’re looking for a larger selection of individual stocks and bonds, as well as access to IPOs and OTC stocks, Fidelity may be the better choice. If you’re looking for a larger selection of commission-free ETFs and mutual funds, as well as customized investment management, Vanguard may be the better choice. Regardless of which brokerage you choose, it’s important to do your own research and choose a brokerage that fits your specific needs as an investor.
If you liked this video, please like & comment for the YouTube algorithm!
The investor-owned aspect of Vanguard is well worth the $20 to me. I’m not dating a mutual fund — I’m investing for the long-term.
Great video, very helpful! Thanks
What’s about the old ones said” don’t put all your eggs in the same basket’? Is there any concerns about Fidelity?
Great video, exactly what I have been feeling as well. Vanguard used to be the best but Fidelity has majorly come back and is more attractive.
Rose, is it possible to buy index funds trucking the same S and P 500 from both fidelity and Vanguard?
How did you find a good health insurance.
Thanks for info, great video!
this is the best videos on youtube
Index fund and chill lol
This video saved me so much time in research! THANK YOU!! 🙂
Hi, Fidelity is not available outside the US. Can you make a recommendation for the UK or Europe as well? They don't have the same type of accounts or companies. Thank you!
Tried starting a fidelity account but it asks me for a customer reference number to register which I don't have because I'm not a customer because I haven't registered yet? Not a great start.
Has a guy ever charged you a fee Rose? I’m fee free
Fidelity, vanguard, robinhood.
What are they exactly ? Bookers?
I hope to get an answer, thanks!i am New in this
Hello Rose, thank you for the great video. I just subscribed your channel. I am 45yrs old and plan to open Roth IRA with target date fund( you explained fully in the other video) thru fidelity. Do you know the exact name of investment for target date 2040? For Fidelity? Thanks. I want hand off approach. Thanks.
Thanks for your advices, btw I wouldn't charge anything for dating 🙂
Greetings
As someone just getting my feet wet with index fund investing I REALLY APPRECIATE how you breakdown these comparisons. Super helpful. Thank you.
Thank you! You answered my questions through a few of your videos !
How crazy would it be to open an account with Vanguard, and another account with Fidelity, and simply put 50% of the money I can invest into each of them?
I know I’d pay extra $5 fees or whatever, but some part of me feels like it would be smart to not have all my eggs in one basket. Am I missing something?
Your videos are awesome. But, Please Please Please stop with the sound effects.
I've been using Fidelity for half a year now, love that they have fractional shares option and lower expense ratio. It looks good to a new investor like me. But down the line, if Fidelity raises fees, I'm switching to Vanguard because I know they will never change their ratios or add above the $20 yearly fee.
I prefer Fidelity. It's better for the small account holder like me. If they begin to play any stupid games I'll move my money put with the quickness. I'm not married to any brokerage. Vanguard is too rich for my blood right now.
Excellent video.
Great video, very informative. Thank you, Rose.
Smart and beautiful. You are helping me tremendously. Thank you
Thank you mama saun
Vanguard website has been down for the last 4 weeks. Going with Fidelity because of excellent customer service, competitive funds and no minimum amount to start.
Her: "No need to be up till 2:00 a.m. comparing brokerages"
Me watching at 2:36 am
You're breath-taking! I'd take $10
Whatever you say makes me happy
that hot girl example was so bad haha!
im here because if cod vanguard wtf
Awesome content and extremely helpful to a new investor such as myself. I just opened a ROTH IRA through vanguard but since I don't have the minimum of $1000 for a target retirement fund or $3000 for the s&p500, I think that I will just open an account with Fidelity until I start making more income once I am out of school. Do you have any recommendations or advice for someone just starting out?
Thank you for your time.
-Veronica
New subscriber here, I already have a Roth IRA so I opened a brokerage account from fidelity. Which one do you recommend for a beginner?
Literally have spent days trying to ferret out the info that this gave me in a few minutes. Thanks so much! Awesome work!
Gonna have to skip vanguard this year. Hopefully the next cod is better
Rose, I'd pay $1000 to be on a date with you. LOL
I agree on Fidelity. I disagree with not charging a "hot girl" for my valuable time.