The Money Mustache Community
Learning, Sharing, and Teaching => Investor Alley => Topic started by: jpluncford21 on November 01, 2012, 06:55:44 AM
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A side by side comparison of the two companies. I've struggled with which one to go with for a while now. There are also some good links included in the article to review over as well.
http://www.brokerage-review.com/compare/fidelity-vs-vanguard-review.aspx
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Interesting. Fidelity is the custodian of my 401(k). I'm very happy with their website and service on the few times I've had to call. I also have a Fidelity brokerage account to sell my employee stock purchase plan shares because the company-chosen ESPP administrator charges about $50. I use Vanguard for our IRA's, though, because I like the company and prefer their funds to Fidelity's NTF funds. I agree with the conclusion Vanguard is great for long-term buy and hold investors, though Fidelity would also be a solid choice. I've never had a problem accessing either site, regardless of trading volume.
Check the minimums reported in that link. You can start with $1,000 at Vanguard by choosing either the STAR fund or one of the Target Retirement funds. Just make sure you sign up for electronic statements to avoid the $20 annual fee for having less than $10,000 in a fund. I also think Fidelity might have done-away with minimums in IRA's if you sign up for automatic contributions of $200/month.