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Originally Posted by hdanielblank
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I concur completely. Fidelity's systems and flexibility with trading orders make it far superior to Vanguard. Vanguard has a few less expensive and broader index options but FIdelity has been quite competitive in this category. As a plug to Schwab, I have all three and find Schwab and Fidelity basically tied in almost all categories. Do NOT accept Schwab's fee-based Robo-Adviser program. They recently had to pay a fine for providing advice not in the customer's best interest. It's not that complicated to do yourself. For most client needs, set your allocation, then come back annually to see whether it's still in balance. Switch some from stocks to cash or bonds if Stocks become more than 5% more than target allocation. Do the reverse after a major selloff, invest some cash to buy stock. Holding lowest-cost index funds is definitely the best way to go.
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Still have a fair amount of asserts at Vanguard, but lately, say last 8-10 years have not been as enthusiastic about them as I once was. Now have more with Fidelity, and thinking of diversifying to one more (I mentioned thinking of Schwab in a previous post) as a third. All my life when the major indexes fell in any significant manner, and most all of my friends are taking their money out of the market as fast as they could before it went even lower, that's when I have always done my serious buying ! It's worked well for me, that's all I can say, but I don't urge friends to do the same. To me when things really tank, that's my opportunity to do some serious buying compared to the dollar cost averaging in I'd normally do. To me a really BIG fire sale (crash as some call it) is an opportunity; I just jump in fast and buy as much as I can possibly afford. It's not the norm for most people, but it's worked very well for me. I don't "day trade", but again, I know many, including our own adult children, believe that is the way to build generational wealth, we all have our methods of investing is all I can say.