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Investing in S&P 500. Which broker to use? (lemm.ee)

submitted 13 hours ago by [email protected] to c/[email protected]

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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?

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[–] [email protected] 4 points 11 hours ago

You won’t be making a mistake by picking Fidelity. Vanguard is also a good choice as others have said. Fidelity generally has a better UI than Vanguard if that is important to you.