Comments by "Jake Broe" (@JakeBroe) on "Schwab vs Fidelity vs Vanguard (DETAILED REVIEW)" video.

  1. Thanks for watching everyone! You can help me and my channel out a lot by giving this video a LIKE if you found it informational. Additionally, leave me a separate comment down below which brokerage company you will be going with or if there are any others you prefer. Cheers!
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  2. Lots! My views are way up!
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  3. Hey Cedric! I have this planned! I can't teach options in a single video, so I have a series of videos coming and they should be up by the end of next week. Stay tuned for that!
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  4. Hey Peter! Oh snap! You are right. It is the size of the loan. That's an unfortunate oversight. Thanks for the correction!
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  5. Haha, I knew what your vote was going to be Think Money!
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  6. Vanguard is great for sure! Cheers enigma!
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  7. Thanks for the comment and support Christopher! Best of luck!
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  8. Hey FF! I think Vanguard is actually interesting because they don't care. The largest fund holders appoint the board of directors who make the decisions and they have no incentive to change. They are the largest mutual fund provider and what they do works for them. Their customer base is with them for the rest of their lives and their assets under management only go up. They may never innovate or have an advantage ever again. They are all index fund millionaires and billionaires no matter what. They don't care, lol.
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  9. Haha, I think you are 100% correct! I think they design their platform to discourage active traders. And it works!
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  10. Solid points Mr. Berry! I can't wait until I can start traveling again. I miss it!
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  11. Thanks for watching zackary! Cheers!
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  12. Hey Walter! You are correct that Robinhood is now offering the lowest margin rate in the business. If this draws in enough customers... the other banks might have to also drop their margin rates. However, this amount of money is not very much. Let's say I use margin to buy $10,000 on a dip and only hold it for half a month and Schwab charges me 8%. That would be 1/24 of 8% x $10,000 would be $33. But if I used margin to buy a dip and gained 5% before my sale, then I made $500 and paid Schwab $33 for the loan. I think it is worth it to use the company with a better interface and no track record of outages on high volume trade days. Cheers Walter!
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  13. Hey Mark! You are correct they are brokerage firms that provide financial services... but any place where you put your money in common tongue is called a bank. I know the difference, it just doesn't matter to me.
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  14. Haha, I love my Schwab Platinum but I know it doesn't make sense for most people. Great card and a great benefit. I hope Schwab doesn't discontinue the card anytime soon. Cheers!
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  15. So happy i can bring you laughter and joy. I know it is a “multinational financial services corporation”, but that doesn’t roll off the tongue in a YouTube video as easy as “bank”, a place where you put your money and invest it.
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  16. 100% agree Anthony! I have all three and use all three. They are free services, so people should get multiple if it is beneficial. Cheers!
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  17. Hey! Nothing wrong with having a Schwab brokerage account and buying Vanguard ETFs. That still works for both companies!
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  18. Yep, I misspoke in the video and I've been getting wasted in the comments section, lol. I can update and re-release this video next year and I promise to not call them banks, haha.
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  19. That depends on you Tony! Some people want everything with one company. I like using different accounts for different investing strategies. That's just me!
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  20. Thanks BTTY! I have a bunch of Schwab videos coming soon. Stay tuned for those to get a feel for the interface and user experience. Cheers!
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  21. Schwab is great! Cheers Bransyn!
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  22. I agree Seong Jin! I plan to be a millionaire someday and if that happens... I want to talk to someone on the phone if there is a problem with my money. Robinhood needs to get it together. Cheers!
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  23. Vanguard is great for buy and hold investors. Cheers Bill!
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  24. Hey Benjamin! Yep, this video will be coming sometime in early January. Stay tuned!
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  25. Thanks so much SS! I appreciate that!
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  26. 100% W! Vanguard is great!
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  27. 100% Nick! The Schwab Debit card is the best travel debit card out there. I can't wait to finally start traveling internationally again so I can use it! Ahh... I miss traveling... Cheers!
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  28. Haha... Except eventually either Schwab, Morgan Stanley, or Goldman Saccs will buy out M1 Finance.
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  29. Hey Roberto! If you already have a 401k with them and want to open an ordinary brokerage account to do more trading, then that's a great option for an all in way place for your investments. Best of luck!
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  30. Hey M! Over the long run, they perform the same. The Total will have more volatility (higher highs and lower lows), for that reason I generally just tell people to go with an S&P, but a total is fine as well!
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  31. You are correct! I said "banks" rather than "financial services corporations" because it was easier! You caught me!
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  32. Fidelity is pretty great! Cheers daledeo!
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  33. Hey Handlez! That isn't the case anymore. You can do anything you want at anytime as long as you enable it. I made a video covering pre-market and post-market trading and Schwab is fine with it.
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  34. Yeah... you shouldn't be using their management services. If I were you, I would switch everything to an ordinary taxable brokerage account (free) with them or whoever and then put it 100% in VTI. You would be making over $100,000 a year in dividend payouts alone, plus whatever VTI grows at. Investing isn't hard when you are already rich.
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  35. That's awesome Kelley! Both great options. Thanks for the comment! Cheers!
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  36. Hey Hansol! As long as you have a job and earned income, you can contribute up to $6,000 a year to this account. And you can buy Vanguard ETFs (which perform the same) until you have the money to buy in to one of their mutual funds. Best of luck!
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  37. I agree Nick! I am sure Schwab and Fidelity would love to raise the expense ratios on their funds, but they can't. If they did then people would cash them out and buy Vanguard ETFs for free with their brokerage accounts. Schwab and Fidelity have to find ways to make other money other than raising their fund fees because Vanguard never will.
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  38. Both are good!
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  39. I agree Will! It might take some time though before Vanguard responds. The company is just not designed to respond quickly or innovate. Keeping things simple is what made them so successful in the first place. Cheers!
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  40. Not yet Peter! But I can always make those videos in the future!
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  41. Hey Tony! You probably want to go with Fidelity then since they allow fractional shares of any stock and ETFs! Schwab only has fractional shares for SP500 stocks. Cheers!
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  42. Nope! No downside! It's just your preference. ETFs buy and sell for free like any other stock.
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  43. Sure thing Veronica! Fidelity is a great option as well. My advice is to save and invest as much as you can and don't worry about the day to day fluctations of the market. Feel free to watch my catalogue of videos to learn more about a wide range of topics. Leave me questions and I try to respond to as many as I can!
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  44. If you believe this, then you don't have to invest your money. Best of luck!
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  45. Hey Ken! Schwab bought TD Ameritrade and all their accounts might be switched over within a year. I didn't want to make this video and have it become outdated soon by mentioning a company that doesn't exist anymore. I say with 100% confidence that Schwab, Fidelity, and Vanguard will all still be here and pretty much the same in 20 years.
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  46. Thanks for the support Kitsune! I really appreciate it!
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  47. I can look in to it WG! It's a good topic idea. Cheers!
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  48. You are welcome Srikar! Cheers!
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  49. Hey Lori! I made a video explaining this! https://youtu.be/S1XWq7HtsCQ
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  50. Hey demancey! Yep, there are small differences like the $100 minimum. I find Schwab to be the easiest to use for individual stocks as well. You sound like you have a good setup running. Cheers!
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  51. That's good! Vanguard is probably the best option for an employer sponsored 401k plan. Much better than other 401k providers for sure. Cheers kevin!
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  52. Hey Z L! I have never used Merill Edge. They seem good from what I have heard!
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  53. You are welcome Masood! Cheers!
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  54. Thanks so much b g! Happy New Years to you as well!
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  55. Hey Armando! I definitely recommend just watching a bunch of my videos. Maybe start with this one: https://youtu.be/kRWv8-B9CLs
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  56. Thanks for watching Bridget! This video has been doing very well so far. Pretty exciting!
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  57. Thanks Ryan! I've been getting lots of comments about M1 Finance. People seem to really like their services as well!
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  58. For sure! Being able to buy in to a fund for as low as $1 is a great place to start. Vanguard should change this policy in my opinion.
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  59. You are very welcome InfinityOrchid! Cheers!
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  60. Yes, with mutual funds you can always do fractional shares with all three of these companies.
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  61. Stock and ETF trades are free. You can buy Vanguard's ETFs for not commission with Schwab, but not their mutual funds. Every brokerage firm has these fees and does this with their competitors mutual funds. But ETFs perform the same. Check out my video to learn more on this topic: https://youtu.be/GJkoAz7BYmU
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  62. Yep! I have all three! I use them for different kinds of investing. Check out my video talking about my accounts: https://youtu.be/QkatJZMpnNY
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  63. Hey Santa! First step would be to open a brokerage account. I have made playlists for all three of these companies. Links are in the description. Check out my playlists to decide which one you would like to invest with! That is step 1!
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  64. I think it is! I have accounts with Vanguard, Fidelity and Schwab and have been using them for 3 years entirely online. I've never had a problem!
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  65. Thanks for watching Phil! Cheers!
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  66. Thanks Ayman! Cheers!
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  67. Thanks for watching Wei-Wei! My videos might be difficult to understand because I talk about American finance and investing. I appreciate the comment!
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  68. Yep!
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  69. Awesome! Welcome to the channel P! Great to have you with us. I'll probably make some more videos about Robinhood soon. Be sure to check back for them!
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  70. Fidelity is great! I will be doing my value investing with them on my channel this year. Cheers!
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  71. Hey Ryan! Yes, I think sometime in 2021 Schwab will have fractional shares for small cap stocks and ETFs.
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  72. Thanks for watching Maria! Cheers!
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  73. Hey Paul! Sure, all three of these companies offer ETFs and you can buy, sell, and hold all of their ETFs with any brokerage account that lets you buy and sell for free. Cheers!
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  74. Best of luck to you Nia!
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  75. Hey drott! Some of this information is not correct. The expense ratios for Fidelity and Schwab's basic mutual funds are .01% and .02% cheaper, so Vanguard is no longer the lowest. And you are correct that if you use one brokerage company and try to buy another brokerage company's mutual funds, they will charge you a high fee. They all do this, so it is best to stick with the company whose mutual funds you want to buy. However, you can buy and sell any company's ETFs for free since those are publicly traded. But you are still doing great with Vanguard, they are the king of passive investing services. Best of luck with your investments this year!
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  76. Thanks SiPho! Best of luck to you!
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  77. Vanguard is a great option for you then!
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  78. Hey raymond! I recommend going with just a S&P 500 index fund! If you are with Vanguard VFIAX - Mutual Fund VOO - ETF If you are with Fidelity FXIAX - Mutual Fund IVV - ETF If you are with Schwab SWPPX - Mutual Fund SPY - ETF Check out my video on the difference between mutual funds and ETFs if you are looking for more information! https://youtu.be/GJkoAz7BYmU
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  79. This is true! I misspoke!
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  80. Awesome! Welcome to the channel Fernando! Cheers!
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  81. Hey katz! It was bought by Schwab. I don't know how that integration will look or happen, but those accounts might be rolled in to Schwab someday.
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  82. Actively managed funds have fund managers making decisions and their expense ratios can be 1% of the fund performance. Compared to the expense ratio of 0.02% for index funds, I do not support people going with actively managed mutual funds.
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  83. Hey Hoss! I don't have a video covering that. But maybe that is a good idea!
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  84. Hey David! You can always roll your 401k to a private IRA with fidelity. https://youtu.be/S1XWq7HtsCQ
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  85. They have a new app coming called Vanguard Beacon! It's in beta still, but looks promising!
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  86. I might have misspoke! Maybe the do!
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  87. Really? Wow, I'll go check it out right now!
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  88. Still a good setup FF! I personally think Vanguard wants a boring website to begin with so people trade less, which is what their guiding philosophy wants. Cheers!
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  89. I have never tried tastytrade. People seem to like it. I am currently making a series of videos explaining options if you want to check it out: https://www.youtube.com/playlist?list=PLscTZuOqKWIxSZzy4ObKWDznEsCot_1HU
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  90. Historically... their reputation is known for having the cheapest funds. But Schwab and Fidelity lowered everything recently to compete. Cheers!
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  91. I don't know anything about that. If you don't have margin enabled with Fidelity, then you have to wait 48 hours for transferred funds to settle before you can start buying and selling. This often confuses people.
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  92. Thanks Juan! Glad you found the video helpful! Cheers!
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  93. You are welcome tom! Cheers!
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  94. Me too H K! Cheers!
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  95. Solid plan Lance! Cheers!
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  96. Solid choice jason! Cheers!
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  97. You are welcome T D! Cheers!
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  98. Haha, Milwaukee proud! Thanks for watching JC! Cheers!
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  99. Well, sounds like you got put in some expensive funds. Gotta be careful!
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  100. They are great! Cheers Jody!
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  101. Hey Michael! I am pretty sure all three of these companies offer custodial accounts. So it is up to you which one you like the most and want to invest with!
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  102. In 2020 Schwab purchased and owns TD Ameritrade. At some point I think they will be merged with Schwab.
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  103. Thanks so much James! I appreciate that! Cheers!
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  104. They are pretty great! Cheers!
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  105. Thanks for watching Libby! Best of luck to you!
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  106. Thanks Caleb! Glad you found it helpful!
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  107. Thanks Duke! I appreciate that! Cheers!
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  108. Solid choice with Vanguard Wayne! Cheers!
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  109. I love their checking account and debit card! I can't want to start traveling again... Cheers Luis!
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  110. I do a platform review of all three sites! Check out the playlists in the description to see each company. Cheers!
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  111. Pretty much! Some people still think anyone who puts any money at all in to the stock market will somehow lose it all. They just don't understand...
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  112. You are very welcome! Cheers!
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  113. You bet Dear Debt! Cheers!
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  114. Yep, I misspoke in the video. I've gotten a million comments about it. I'll be sure to call them brokerage firms in the future!
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  115. Hey funfoot! My code doesn't work for people anymore. I am guessing I referred too many people and Schwab has some kind of limit. Maybe someone else reading this can share their Schwab referral code with you. Best of luck!
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  116. Can't go wrong with any of them Casey! Cheers!
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  117. Thanks for the correction!
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  118. Hey ismael! An IRA is just like an ordinary brokerage account except you are limited how much you can put in it. All the same information applies!
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  119. Thanks Missy! Have a great day!
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  120. Stock (public ownership) for Schwab means it is publicly traded on the New York Stock Exchange. Vanguard is owned by its customers (their private investors) and a board is appointed to oversee the company's operations. Almost every decision by the board is designed to reduce costs and those savings are passed on to the owners (the people who privately use Vanguard).
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  121. Interesting Ken! I have never used E-Trade or TD Ameritrade before. I know E-Trade was bought by Morgan Stanley and TD Ameritrade was bought by Schwab, so we'll see if Schwab gains these functions soon. Cheers!
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  122. They are "financial services corporations". But I called them banks in the video for simplicity. But you are correct, these companies don't like being called banks. Only Schwab is an actual investment bank.
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  123. Hey Aaron! That money sitting in your account is in a money market fund when you are not using it. Schwab invests it and makes money off of it for themselves. However, you always have access to it and it never actually looks like it leaves your account. It's a slight of hand. The money is on their books so they can legally use it, but the second you want it, then it is yours again like it was always just sitting in your account.
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  124. Haha, cheers janet!
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  125. Blackrock is also a brokerage company, but they do not cater as well to individual retail investors like you and me.
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  126. Sorry I lost you! Cheers!
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  127. Schwab owns TD Ameritrade now, so they are the same company.
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  128. Hey Raj! I am not sure. I would call them or get on the live chat and ask them what their availability is for resident of the UK. Cheers!
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  129. Yep! I misspoke in the video! Thanks!
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  130. Sounds like Vanguard is the best choice for you! Vanguard will never change their business model either. So you know you are good to go for life with them. Cheers joe!
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  131. Solid choices R2M!
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  132. Thanks Cole! Cheers!
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  133. Yeah, the minimum to invest is just silly. Everyone has to start somewhere. No clue why Vanguard doesn't want to do business with people just starting out on their financial journey.
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  134. Solid plan Flipt!
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  135. Hey Steve! They only offer these 2 credit cards through AmEx. https://www.schwab.com/credit-cards
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  136. You are very welcome Daniel! Cheers!
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  137. You are correct! I misspoke in the video. Thanks!
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  138. Brilliant advice Alan! All these companies going to $0 trades has changed the investing landscape in so many ways. One of the biggest financial stories of 2020!
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  139. Thanks for watching Andrew!
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  140. You are very welcome beautylife! Cheers!
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  141. Depends who you like the most! All 3 are great, but these days I default to Schwab since I like their user interface the best.
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  142. People say they are good! I have never tried them.
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  143. Hey james! I've never used them and am not familiar with them.
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  144. TD Ameritrade was purchased by Charles Schwab and I think at some point will be merged with Schwab. People who have it are very satisfied with it, but I have never had an account with them.
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  145. I appreciate your comment sharkzwin! Cheers!
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  146. Awesome! Welcome to the channel Kevin! Great to have you with us!
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  147. Cheers FFT! Great to hear from you!
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  148. I have never tried E trade before! Cheers Kelvin!
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  149. You are welcome Dina! Cheers!
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  150. Vanguard is great! Cheers!
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  151. You are welcome James! Cheers!
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  152. Thanks Jesse! Great to have you with us!
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  153. I tell service members to go with Charles Schwab and then get the Schwab AmEx Platinum, annual fee waived!
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  154. Thanks for watching! Cheers!
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  155. Yeah, I wish it didn't show deposits either.
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  156. Nothing to fight! They get the job done!
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  157. You are welcome Kathy!
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  158. Maybe we'll see an update to Vanguard's platforms soon. I'm sure they've heard this from lots of their customers!
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  159. They are pretty great!
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  160. A free brokerage account!
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  161. Cause I made a mistake, lol
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  162.  @MBMiner1  , I have a bachelor's in Geology from a state university and I'm currently serving on active duty in the military. I'm just some guy making videos to try and help people. Do you just assume every random YouTube video you click on is someone who has been professionally trained and is incapable of making a mistake? lol
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  163. Not yet! But I am guessing it will support Big Sur soon!
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  164. You are very welcome Walker!
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  165. I think these startup brokerages like M1Finance and Webull are just looking to get bought out by a bigger company some day. I am 100% confident WeBull will get bought out and won't exist in 5 years.
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  166. They are great!
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  167. You are welcome Adri! Cheers!
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  168. indeed they are
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  169. You are welcome benton! Cheers!
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  170. haha... not a bad summary
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  171. I've been hearing this. That's a shame!
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  172. Hey Tim! I am guessing you do not have margin trading enabled on your Vanguard account. That is the reason why funds take 2 business days to settle. This will be the same with any broker if you have not enabled margin trading. I would just suggest turning it on and then never actually using it. Your money you deposit automatically settles then.
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  173. Of course!
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  174. You are correct! Thanks Kent!
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  175. Cheers Joey!
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  176. Schwab squad!!
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  177. Yep! I'm interested to see if I will have access to Think or Swim through my Schwab brokerage later this year.
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  178. Very true! I misspoke in the video.
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  179. You are welcome Myrna! Cheers!
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  180. Thanks asperson! Cheers!
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  181. Thanks so much Darrett! Great to have you with the channel!
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  182. Hey raymond! You can just buy and hold a Vanguard ETF (like VOO or VTI) forever. Make sure you re-invest the dividends! But it is that easy.
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  183. Schwab!!
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  184. It's a great card Christopher! Cheers!
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  185. Very true! I misspoke in the video.
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  186. Yes, they are "financial services corporations". But I have checking accounts with them, credit cards, debit cards, and they loan me money. Sure feels like a bank where I do my investments, but I understand your point.
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  187. Thanks Adam! Good luck Chuck is great! Cheers!
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  188. Thanks Zeek! Cheers!
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  189. Thanks for watching eddie! Cheers!
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  190. You are very welcome SC! Cheers!
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  191. I've never tried them Mary! Thanks for sharing!
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  192. Cheers GG!
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  193. Awesome! Welcome to the channel James! Great to have you with us!
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  194. Haha, very true! It isn't as gamified so it has a more serious feel to it. Cheers Hugo!
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  195. Awesome! Welcome to the channel Tobi! Great to have you with us. Leave comments if you have questions.
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  196. I'm not sure, but I am guessing only when you are borrowing, not while you wait for funds to settle.
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  197. Schwab Squad!
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  198. They are pretty great Andy! Cheers!
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  199. Thanks for watching Pat! Cheers!
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  200. Yep! They offer banking services like checking accounts and credit cards, but you are right, they are not traditional banks.
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  201. Thanks for the additional info Vinnie! Cheers!
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  202. Nice!
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  203. If that works for you!
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  204. Solid plan! Cheers!
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  205. Awesome! Welcome to the channel Frank! Great to have you with us!
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  206. Wow! I didn't know any of this. Great info! Thanks Garry!
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  207. Two other great options then!
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  208. Not at all! Vanguard is great for people who want to keep it as simple as possible!
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  209. Hey Ryan! Plug Stock went up over 1000% this year. The time to buy was a year ago. It's looks insanely over valued now and the company has yet to prove it can be profitable. It doesn't interest me.
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  210. Excellent points in favor of Fidelity! Thanks Alan!
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  211. You are welcome R K! Cheers!
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  212. Thanks Aisha! Cheers!
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  213. 22 years! Impressive!
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  214. Thanks MegaTxDude! Doing interviews and having guests would be fun. I don't see that happening this year, but maybe in 2022 I can work that in to my programming. I am going to making a ton of great videos explaining my investments and strategies. Thanks for the comment and support!
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  215. Thanks BS! Cheers!
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  216. That's awesome Yen Oak! Best of luck investing!
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  217. That's awesome William! I am glad all my content is relevant to your interests. Some people don't see the connection between the war in Ukraine and the financial markets, but I think they are very connected right now. Cheers!
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  218. Thanks Yanai! Cheers!
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  219. I like your comments!! Cheers westley!
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  220. No, this confuses people. But as soon as you deposit money in your account, that money shows up on their books. If you don't have it invested, then they are allowed to use it to invest and generate revenue for themselves. You always have access to your money, it is always digitally there in your account. But for any deposits that are made with any bank, that bank can use that money to invest or loan out to make money for themselves. The money is always yours and always there, but if you don't have it invested, they are using it to make profit for themselves.
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  221. Yes, you can borrow money against the equity in your portfolio. It's called using margin.
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  222. Thanks for watching Nikki! Cheers!
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  223. Welcome to the channel D! Glad to have you with us! Cheers!
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  224. Yes they are!
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  225. Sounds like Schwab is a great option for you David! Best of luck!
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  226. Hey Larry! TD is great, but it was bought by Schwab. Within a year or two, their platform and accounts might merge with Schwab.
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  227. They are great SOS! Cheers!
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  228. Do use Thinkorswim then you have an account with TDAmeritrade. TDAmeritrade is now owned by Charles Schwab. So you are with Schwab anyways. Yeah, you can just buy VTI, it's a great ETF!
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  229. You are very welcome Eriberto! Cheers!
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  230. Haha, true story! Most of the big funds are just closet indexers as well... charging huge fees just to copy an index anyways.
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  231. Thanks for the info!
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  232. Ah, you are correct. I thought it was higher for VTI
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  233. Thanks so much COOL DUDE! I appreciate that!
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  234. You are very welcome Mario! Cheers!
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  235. I have never used them and am not familiar with them. Cheers!
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  236. Charles Schwab is, but you are right that Fidelity and Vanguard are not! I misspoke in the video!
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  237. Yep! I messed up. Schwab actually is an investment bank and Fidelity does offer banking services (credit cards and checking accounts), but all three are brokerage firms.
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  238. If you want, you can. I have all three. But if you don't have a need for 3, then you can just do 1 or 2.
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  239. Awesome! Welcome to the channel Lester! Great to have you with us!
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  240. No they don't... not for an ordinary self-directing brokerage account.
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  241. You are very welcome Limster! Cheers!
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  242. Thanks Paduan! Cheers!
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  243. Hey Spencer! You sound like you are crushing it. You have the ideal passive investor strategy working for you all within a great company. The index funds you are in should be well diversified enough where as long as you buy and hold long term, you should be set for life. Keep buying and holding long term!
    1
  244. Thanks Sandy! Cheers!
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  245. Thanks Dswag! Cheers!
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  246. Of course! All three are great for long term investors!
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  247. You are welcome Mr Moore! Cheers!
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  248. You are very welcome Win-J! Cheers!
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  249. They are a great option!
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  250.  @katzenpapa  , nope, I have never used or had a TD Ameritrade account.
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  251. I agree Alex!
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  252. Yep, I misspoke. Thanks Samuel!
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  253. You got this Nicholas! Cheers!
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  254. Thanks EFA! I appreciate the comment and support. Happy New Years!
    1
  255. Hey Jordan! I've heard this as well but don't have a source. I've compared the three banks and their funds perform nearly identically. I don't know if there is a difference in dividend distribution, but it doesn't seem to have an effect on long term performance. Cheers!
    1
  256. Thanks Yoday! Yep, these are "financial service corporations" and brokerage firms, not "banks". I misspoke. Cheers!
    1
  257. Awesome! Welcome to the channel Julastix! Great to have you with us!
    1
  258. lol
    1
  259. And they are the same company now!
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  260. Nice! Solid setup Cho!
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  261. You are correct! Thanks!
    1
  262. You are welcome JJ! Cheers!
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  263. You are welcome Iyna! Cheers!
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  264. Thanks for watching DoD! Cheers!
    1
  265. Hey Sprindek! You can do a one time purchase for a mutual fund or you can link a bank account to do monthly deposits. With mutual funds (index funds), you can do a couple or just one. It's up to you!
    1
  266. You are very welcome Alen! Cheers!
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  267. You are welcome R C! Cheers!
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  268. Thanks for watching Maggy! Cheers!
    1
  269. Haha, thanks for the add on Twitter! I only recently joined!
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  270. Yeah, TD Ameritrade was bought by Schwab. I don't know what TDA will look like in a year. These three I know will still exist and be the same many years from now.
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  271. I don't recommend robo advisors. They will just "diversify" you in to international funds and bonds. All anyone needs to do is just buy and hold the S&P 500 index fund long term. Slicing people up in to international funds and bonds is just how they justify their fees.
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  272. Hey Wang! I do not have and have never used interactive brokers. I don't know enough about them. Cheers!
    1
  273. Thanks for the corrections and feedback PFP! I appreciate it!
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  274. You are very welcome Megan! Cheers!
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  275. Hey! I do not believe Fidelity has this automatic visual pie chart feature. They have other ways for you to track your portfolio performance and allocation, but not as visual as M1 Finance perhaps. However, Fidelity is pretty aggressive at introducing new features and they could definitely introduce a feature like this soon. Cheers!
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  276. Cheers!
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  277. TD was bought by Charles Schwab! So that card might be coming if accounts are merged sometime this year. Cheers!
    1
  278. haha, i think an update is coming soon!
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  279. Hmmm, maybe I misread something on their website. Thanks for info Bill!
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  280. Hey Nkem! You cannot roll money from a traditional 401k to a Roth IRA without having to pay taxes on everything being rolled over. I wouldn't do this. Instead just roll the money from your old traditional 401k in to your traditional side TSP. That's good enough!
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  281.  @nkemnnanedu8789  , yes, you can!
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  282. Thanks for watching Vikram! Cheers!
    1
  283. Thanks for watching skylark! Cheers!
    1
  284. Thanks for the data point Bill! That's a lot of investing experience! Cheers!
    1
  285. Thanks so much Barry! I appreciate that! Cheers!
    1
  286. Thanks for watching Dylan! Cheers!
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  287. Sounds like a plan! Cheers ian!
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  288. Solid plan! Can't go wrong with a proven passive investing strategy!
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  289. Both are great options!
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  290. You bet! Cheers!
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  291. Hey Godwin! Yep! Money paid out from the military pension counts as earned income and qualifies you to contribute to a Roth IRA.
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  292. I don't know anything about Navy Federal's investing options! Cheers Jose!
    1
  293. Thanks for the support Rajeev! I greatly appreciate it!
    1
  294. You are welcome shibu! Cheers!
    1
  295. Thanks for watching! I get the tapestries here: https://www.amazon.com/s?k=tompop+tapestry+korean&ref=nb_sb_noss
    1
  296. Nice!
    1
  297. Thanks Jose! Cheers!
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  298. From my personal experience with all three, all three do this!
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  299. 20 years! Wow!
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  300. Solid points Candace! Thanks for sharing!
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  301. Yeah, I think they are actually trying to discourage people from messing with their accounts.
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  302. I honestly LOVE Vanguard ETFs... but don't use my brokerage account with them since their website is so basic. No reason to close it though!
    1
  303. You are welcome Henry! Cheers!
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  304. I do not care much for Morgan Stanley! You can check out my review of their investor account here: https://youtu.be/KKtDVwvOYUI
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  305. Awesome Robert! Glad I could be of service! Cheers!
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  306. Thanks for watching! Cheers1
    1
  307. Okay!
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  308. I've never used them! I don't know!
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  309. You are welcome J Dean! Cheers!
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  310. I've never seen a Vanguard commercial or advertisement in my life, lol.
    1
  311. Thanks so much! Cheers!
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  312. It's been kind of a chaotic year! That sucks about the long wait times!
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  313. Hey Nathan! They do, but unless you have a lot of money with them and have been a client for a while, you will not be invited the offer to buy at the IPO price before the stock is listed. I explain more in this video: https://youtu.be/pyZ8AAJBkS4
    1
  314. Thanks for watching! Cheers!
    1
  315. Thanks SAM! Cheers!
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  316. Hey Joshua! I've never tried ETrade before, so I can't speak to them.
    1
  317. Thank you so much Nia! I am trying my best! Be sure to check out my other videos for more info on investing!
    1
  318. You bet WH! Cheers!
    1
  319. Thanks for the nice comment Mike! Cheers!
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  320. Because 99% of people don't know what that is.
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  321. No minimum requirement with Schwab to open a brokerage account. You then have to apply to be approved for options trading.
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  322. Depends what kind of investor you are in your IRA. https://youtu.be/kRWv8-B9CLs
    1
  323. Thanks for watching Votuzi! Cheers!
    1
  324. Solid move Steven!
    1
  325. Thanks for watching!
    1
  326. Welcome to the channel Rahul! Great to have you with us! Cheers!
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  327. Haha, exactly what I think as well!
    1
  328. You are welcome Ramona! Cheers!
    1
  329. A big problem with Robinhood is they don't even offer retirement accounts. If you have to use another company for your Roth IRA, might as well use the other company for everything.
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  330. You are correct. They are "financial services corporations" but I have checking accounts, credit cards, and debit cards with them and they loan me money... calling them "banks" is easier to say in a video than "financial services corporations".
    1
  331. You instantly have access to your cash whenever you want to use it. But your deposits are on their books and they have the right to use those deposits to invest. Every bank does this. Deposits in local commercial banks are used to give out their loans and they only have a legal requirement to keep a certain percentage in reserve in the bank.
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  332. Correct! But they offer banking services like credit cards, debit cards, and checking accounts!
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  333. That's interesting to hear Cindy! People who go with Vanguard go with them for life for sure.
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  334. Vanguard is a solid choice! Cheers!
    1
  335. You are welcome RICHM! Cheers!
    1
  336. Awesome! Welcome to the channel T&T! Great to have you with us!
    1
  337. Welcome to the channel Garcia! Great to have you with us! Cheers!
    1
  338. You are welcome Lacey! Cheers!
    1
  339. Thanks for the corrections Julian! You are right about the Vanguard locations, that is where Vanguard employees work and customers should not try to go there. I also cannot find the information on Vanguard's website, but when I made my platform tutorial video those were the last numbers I had comparing their uninvested cash between these three. I cannot find it now, so it seems that treasury yields beyond so low has lowered all of them. Thanks again for the corrections!
    1
  340. Thanks D j! Cheers!
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  341. Hey Juan! I do not have and have never tried M1 Finance. I do not have an opinion on their services. Cheers!
    1
  342. Thanks Peter! Cheers!
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  343. They are both great John! I have more videos using both of them coming soon. Cheers!
    1
  344. Hey Bobby! I haven't heard anything, but it will probably happen by early next year.
    1
  345. I have a brokerage account with Morgan Stanley and they charge a 0.26% annual maintenance fee for having the account. It's absurd. Check out my video on that account. https://youtu.be/KKtDVwvOYUI
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  346. Solid plan Patrick! Sounds like Vanguard is a good match for you!
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  347. You are very welcome sandy! Cheers!
    1
  348. Hey Kim! I recommend rolling over to your new employer. I explain why in this video: https://youtu.be/S1XWq7HtsCQ
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  349. Nope! They are paying to be there because they are trying to make themselves money. Anyone who is a fiduciary will tell you since that is their main selling point.
    1
  350. Hey Ann! I just did a google search and only "earned income" makes you eligible to contribute to a Roth IRA. Investment income and disability income does not qualify you unfortunately. If you are married and your spouse has any earned income, they can contribute for you, but other than that I am not sure. https://www.investopedia.com/terms/e/earnedincome.asp
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  351. I honestly do not know aaahong! I would contact them and ask!
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  352. 100%!
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  353. Yep, I misspoke in the video. Cheers!
    1
  354. I agree jstar! An update is needed!
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  355. You bet Huat! Cheers!
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  356. All three allow for dividends to automatically be reinvested!
    1
  357.  @anju2606  , awesome! Welcome to the channel! Great to have you with us!
    1
  358. Yep! I misspoke in the video. Thanks ChaCha!
    1
  359. Yes, they provide banking services (checking accounts and credit cards), but they are not commercial banks. I misspoke.
    1
  360. Awesome! Welcome to the channel Karen! Great to have you with us!
    1
  361. Thanks Mike! Cheers!
    1
  362. You are welcome Leroy! Cheers!
    1
  363. No, you always have access to it! It's just for accounting purposes what is on the books amongst all their clients that Schwab can "use" it to make themselves money. But it is always there for your use.
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  364. For sure BVM! I still say you can't go wrong with any of them. Cheers!
    1
  365. Thanks Matt! Vanguard is great!
    1
  366. Thanks for watching Curtis! Cheers!
    1
  367. You are very welcome Thunder! Cheers!
    1
  368. You are very welcome Cathrina! Cheers!
    1
  369. Haha, sounds like you got it figured out. Cheers BL!
    1
  370. Thanks for watching Ralf! Cheers!
    1
  371. Really good comment Sup! Cheers!
    1
  372. You are very welcome! Cheers!
    1
  373. Hey Robert! Lots of factors could affect your decision. But if you are looking for a more simple investing experience, I would go with Vanguard. You can call them for help to set almost anything up and make your investments over the phone.
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  374. Thanks Lyn! Cheers!
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  375. Hey Salman! It makes no difference mathematically. (5x10) + (5x10) = (10x10 So it doesn't matter if you hold the same stock in two different accounts. They will perform the same!
    1
  376. Hey sam! I do have lots of videos on different FIRE topics. Check out my channel for different topics that interest you.
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  377. Hey fred! You can check out my entire playlist on Vanguard here: https://www.youtube.com/playlist?list=PLscTZuOqKWIwwWlFK2yQEpY1urmxPBkEM
    1
  378. Hey Garima! I have never used and do not know anything about Ally Bank. Sorry!
    1
  379. They offer checking accounts, debit cards, credit cards, etc. I understand they are brokerage firms that want to be called "financial services corporations", but in common tongue people call them banks. I know the difference.
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  380. Awesome! Thanks Gall!
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  381. Very true!
    1
  382. You are welcome Stephen! Cheers!
    1
  383. Yep, I misspoke in the video and called "financial services corporations" that offer banking services (checking accounts, credit cards) just simply "banks". Feel free to sue me now.
    1
  384. Haha, have you seen this TED talk about the old Milwaukee flag? https://youtu.be/pnv5iKB2hl4
    1
  385. Yep! I misspoke in the video. Thanks!
    1
  386. Hadn't heard this before. Interesting!
    1
  387. Hey Jason! Lots of people saying they use and really like M1 Finance. Lots of positives I am hearing.
    1
  388. Thanks King! I appreciate that! Cheers!
    1
  389. Thanks for watching Mint! Cheers!
    1
  390. You are welcome T S! Cheers!
    1
  391. I'm generally not a fan of John Hancock... but if it is an employer 401k, there is nothing you can do while you are still working for that company.
    1
  392. You are welcome Diego! Cheers!
    1
  393. Thanks Arvin! Happy New Year to you as well!
    1
  394. They are pretty great!
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  395. Yep! You are correct.
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  396. You are very welcome Rattana! Cheers!
    1
  397. Awesome! Welcome to the channel kanegs! Great to have you with us!
    1
  398. Nice!
    1
  399. Interesting! Yeah, maybe with some micro stocks they cannot offer fractional shares because there just isn't enough people who want them. Thanks for the data point!
    1
  400. Thanks so much TLamax! Cheers!
    1
  401. I must have read the wrong thing. Thanks Jordan!
    1
  402. Hey K Roddy! This is true for all three of these companies. They all charge high fees when people try to buy their competitors mutual funds. If people want to cross companies like this, they can still buy and sell any company's ETFs for free.
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  403. I have never used them, so I do not know!
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  404. Fidelity is pretty awesome! I will be starting a series on value investing this year and I'll be using my Fidelity account. Cheers!
    1
  405. They were bought by Charles Schwab!
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  406. You are very welcome Lamr! Cheers!
    1
  407. The brokerage trifecta! Nice Jun!
    1
  408. You are welcome Marshall! Cheers!
    1
  409. You sure can Lazaro!
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  410. You are very welcome Asha! Cheers!
    1
  411. There you go! Another brokerage firm trifecta!
    1
  412. I would not recommend active management. Their fees over a lifetime cost you greatly. If I were you, I would just put money in index funds and then set it and forget it.
    1
  413. Thanks for watching Kirt! Cheers!
    1
  414. Thanks!
    1
  415. Hey Andy! I'm not sure what you mean, but if you google search this I am sure you can find the answer. Best of luck!
    1
  416. Thanks for the incredible support C V! I greatly appreciate it! Cheers!
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