Side by side
Fidelity Investments vs Vanguard S&P 500 ETF (VOO)
Fidelity Investments
48 positive (83%) · 4 mixed (7%) · 6 negative (10%)
Trust + time weighted: +73%
AI summary — not a quote
Fidelity Investments is highly regarded as a reputable, low-cost financial institution suitable for both beginners and experienced investors. Reddit users frequently recommend it for its zero-fee funds, competitive interest rates on uninvested cash, and efficient ATM fee reimbursement for travelers. While its customer service is generally viewed as helpful, some users find the digital interface outdated and have noted occasional administrative fees for specific account types.
Pros
- Offers zero-fee index funds and no minimums on brokerage accounts
- Competitive interest rates (approx. 3.6%) on uninvested cash sweeps
- ATM fee refunds are typically processed within 1-2 days
- 2% cashback Visa credit card with no foreign transaction fees
Cons
- User interface is frequently described as dated or looking like it is 'from the 90s'
- Reports of specific record-keeping fees (ranging from $28 to $600/year) depending on account type
- Rigid policies regarding custodial accounts and age of majority can cause friction
Top excerpts
I use Fidelity (awesome, by the way, 0 fees)
Open a brokerage account with a reputable firm (Schwab, Fidelity, or Vanguard) and invest in broad market low cost index funds
Fidelity: Debit Card and 2% Cashback Visa Credit with no FTF, but their interface looks like it's from the 90s
For people that happen to be from the US, Fidelity is worth considering too. Same features as Schwab, but they refund the ATM fees within a day or two instead of at the end of the month, and they pay more interest.
I would recommend a large financial institution like Fidelity or Vanguard, they will provide a financial advisor.
Vanguard S&P 500 ETF (VOO)
13 positive (100%) · 0 mixed (0%) · 0 negative (0%)
Trust + time weighted: +100%
Top excerpts
I currently have only $4k invested in my brokerage account purchasing VOO and SCHG.
Your money will go farther if it is invested in index/mutual funds than it would in a whole life policy.
mostly have been putting extra cash into VOO/VTI/VXUS sorts of things.
I would either 1. (Low risk option) put it in a HYSA and leave it alone. 2. (Higher risk option) Or invest in some index funds. VOO, VTI, FXAIX are all very good and popular options.
I like the idea of a brokerage account invested in VOO with monthly deposits as she continues to work.