I’m a complete newbie. The only “investing” I’ve ever done is use HYSAs. Obviously the yield there, while pretty good, isn’t as good as investing in say, the S&P 500. So I want to invest a chunk of my savings into that and just leave it there until I retire. I’m not really looking into daily/active trading or anything. The problem is I don’t know how fees work with brokers.
I saw this graph a while ago so I was thinking of Fidelty. It also helps that I already have an account there for my employer RSUs and my 401k. On the other hand, a colleague of mine suggested Schwab and said they don’t have any fees.
Can anyone suggest the best broker (minimal/no fees, easy-to-use, set-and-forget) that I should go with if I just want to invest in the S&P 500?
Many credit unions have financial advisors on staff, and you can use them at no cost.
If you belong to a credit union, or if you’ve been thinking of joining one, it’s worth calling them up first.