(02-08-2018, 08:31 PM)Senor Fantastico Wrote:

(02-08-2018, 07:58 PM)Scarecrow Wrote: Thanks JIB. I enjoy hearing from others about this and you certainly have more experience than I do.

I have started looking at Fidelity and other options. Do you have any thoughts on Vanguard?

My current retirement through my employer is a solid plan which includes my employer matching a high percentage. I don't want to rely on that, however, and any serious investing or ETF/index purchasing would be done with long term gains in mind.  I do well enough with savings. For my area I make a good income and that has allowed me to pay cash for many things without needing to take out a loan.

When I mentioned the day trading I only dabbled in trading mostly penny stocks just for kicks. I didn't make much money but I didn't intend to.

I have seen you mention ITA and have been watching that one.

ETF's are where I've been leaning. I simply need to move forward either choosing an avenue to purchase them and make the decision on which to start with.

I really like Vanguard because they have very easy to understand funds but I feel that Fidelity and ETrade are both solid as well. I believe both of the latter allow you to attach a checking/saving account as well. I know Charles Schwab does. I also like a newer one called Motif but they’re much less established if that’s a concern.

What is the view on Vanguard funds vs say an index fund? It is my understanding that Vanguard can create its own deals similar to Warren Buffett and that is what allows it to outperform the market, (i.e. like Buffett getting a huge amount of BoA when it was down in a backroom deal, and everyone scrambling to follow as the stock shot up). I am curious what you others think on the benefit/cost ratio of having big players funds.

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