Investment company?

[Addicting]

Treat me like I’m a 16 year old with his first check.

I was paying an extra 550 a month on my mortgage. At 2.25% it is a dumb move when I can be earning triple that in an investment account. At 6% return I can pay it off several years earlier.

I know nothing of investing but wish to park that same monthly amount into the S&P500.

What investments company should I use?

JP Morgan
Fidelity
Berkshire

That’s the three I know of off my head.

 

[mdhunter]

What’s your risk tolerance? Personally I would never pay off 2.25% debt except timely. Glad your cash flow gives you you options.

 

[Brad W]

Charles Schwab (brokerage)
Pick a low fee ETF like the Vanguard SP ETF (VOO).

 

[brymoore]

Vanguard. Vanguard 500 Index Fund Admiral Shares.

VFIAX-Vanguard 500 Index Fund Admiral Shares | Vanguard

investor.vanguard.com

 

[Addicting]

What’s your risk tolerance? Personally I would never pay off 2.25% debt except timely. Glad your cash flow gives you you options.

I just want to park it in a fund that matches the 500. That was my TSP strategy and it worked well for us. But now that I’m retired I can no longer contribute to that.

So we just put it on the mortgage as an easy button. I didn’t realize how dumb that was until now.

I’m just looking for which company is user friendly and not heavy on fees.

 

[Brad W]

I use Charles Schwab(originally E-trade but purchased by Schwab). Interface is simple, works well and I have never had an issue. There are no fees for the type of trade you are asking about.

 

[Mallardsx2]

Fidelity

FID500 (FXAIX)

Fidelity is the easiest and the best inmho.

 

[Addicting]

Vanguard. Vanguard 500 Index Fund Admiral Shares.

VFIAX-Vanguard 500 Index Fund Admiral Shares | Vanguard

investor.vanguard.com

Not sure why they have a 3k minimum to open an account. Seems the others are 0 to open.

 

[brymoore]

Not sure why they have a 3k minimum to open an account. Seems the others are 0 to open.

I think they have beginner level funds too.

Quick fee search showed Fidelity had the lowest fee amount.

 

[Marshian]

I’ve been happy with vanguard the total stock market index fund. I have probably 90 percent of my 401k in.

 

[Salmonchaser]

Vanguard and JPMorgan have been good for us. I’ve been retired since 2011 and actually have more money in the market than when I retired. I’ll go to Africa again this spring. They do a good job of managing my risk aversion/tollerance
I’ll start hitting mandatory minimum withdrawals this year so probably start seeing those balances come down a little. I would recommend you diversify to some extent. On different days I’ll lose or make money with each company but by not the same amount.

 

[Wildabeest]

I’ve been happy with Fidelity.

 

[Salmonchaser]

With JP Morgan I get Fidelity and Vangard investments through their accounts. Been happy with them.

 

[TN2shot07]

No issues with vanguard or fidelity for us. I do like fidelity’s interface a little better but you there’s not really an issue since once you set it up you’re good to go.

I agree on just an s&p or total market index.