How much more expensive is it to trade at Fidelity than at Schwab?

Question

For folks who have used both: How do Schwab and Fidelity compare on transaction and advise fees? What about service - how do they compare?

Answer 1

I've been happy with Fidelity for years.

I disagree with the answer that said you needed 60 stocks to be diversified. You can't know what you need to know about each company if you have more than a dozen.

I've abandoned regular mutual funds in favor of index funds. Over time, MOST mutual funds will underperform a broad index fund.

I also own about ten individual stocks. One, Goldman Sachs, has gone up over 30% since I bought it earlier this year.

Answer 2

Fidelity has better research (although they tend to push their own products alot). Schwab is solid.

Bank of America allows trades for free. That's awesome. I personally wouldn't recommend individual stocks as an investment unless you have multi-millions that will allow you to diversify your holdings with over 60 different stocks. Still, a solid mutual fund will probably give you better performance.