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?

    • edric@lemm.eeOPEnglish
      2·
      18 hours ago

      Thanks for the suggestion. Do they charge fees and are they not expensive?

      • Boinkage@lemmy.worldEnglish
        11·
        10 hours ago

        All brokers cost money. I find the expenses to be reasonable. If you really want a dollars and cents answer you should do real research and find out the fees of each broker.