Originally Posted by ThaVirus:
I'm a beginner so I've got about a thousand, but I figure I'll just wade in there and learn for myself.
Just curious if anyone had any rave reviews or horrible experiences to share.
I started with them just because our work Simple IRAs go there, but I've since opened up a couple Roths for my wife and I as well. I also use their checking account, which is nice because they refund ATM fees anywhere in the world. (Not great if you frequently need to deposit cash, though.)
If you're just getting started, I'm a fan of their target date index funds. Nice, diverse portfolio that shifts over time, has minimal fees, and takes very little effort. Obviously you can do a lot more than that if you want. Rain Man could tell you about their stock trading stuff - he does a lot more of that than I do.
I haven't really needed much from them, but any time I've needed it their customer service reps (primarily via chat for me) have been knowledgeable and helpful. [Reply]
Originally Posted by ThaVirus:
I'm a beginner so I've got about a thousand, but I figure I'll just wade in there and learn for myself.
Just curious if anyone had any rave reviews or horrible experiences to share.
I’ve been using Fidelity for over a decade. They have every service under the sun and their online presence is fantastic.
Recent changes in the market for brokerage houses have leveled the playing field with regard to fees. I use both Vanguard and Fidelity target date funds as well as several ETFs which are free for trades on Fidelity.
Their in person abilities over the phone are very good. I’ve managed to re-characterize several years of IRA changes (backdoor Roth) with simply a phone call.
On the other side of the coin, I’ve heard nothing but horrible stories about Janus Henderson. [Reply]
So they were likely haggling price when Schwab announced the 0 fee commissions a few weeks ago. It looks like that caused a 30% drop in TDAs stock over a couple of days. How's our offer look now!?! Savage! [Reply]
Originally Posted by Buehler445:
What did Johnson and Johnson do?
As someone who has worked for them for 20 years plus its simply a money grab with lawsuits as we are a very profitable company.
Baby powder traces of asbestos from the early 1980's they claim but don't sue anyone else that produces baby powder mined from the same area. Why? because they don't have deep pockets.
The opioid crisis? we account for 1% of painkillers yet get called the "opioid kingpin" of the industry? What??? just a money grab that's all.
I have a very strong position in them and know that long term they are about as safe as you can get, plus the dividends are excellent. [Reply]
Originally Posted by Bearcat:
Anyone use Bloom or similar for their 401k?
Just curious on overall experience with it.
I have and they were bad. I fired them, took back control, and doubled my returns. I'm a very basic user, but even I could see that the way they redistributed my 401k was bad.
DISCLAIMER: that was a couple years ago though...maybe they've improved? [Reply]