Quote:
Originally Posted by AMB444
Yes, I get it. Why did you switch to Schwab and Vanguard?
Thanks
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Back in the the day when one paid brokerage commissions Fidelity used multiple trades instead of a single transaction to increase their commissions on a few bonds I bought. When I called them about it they laughed at me so I closed my account with them.
Then a few years later I kept some money market funds with them for a while. I eventually closed the account.
In 2022 I sold a major commercial real estate property and wanted to place the funds I received among several brokerages, Schwab and Vanguard, where I already had accounts and add a (new) Fidelity account. I opened a Fidelity personal account online with a few thousand, no problem. Then when I tried to convert it into a RLT account I ran into horrendous back office difficulties. Fidelity even told me my address was no good although it was plenty good enough for my personal account. I finally ended up going into their office and showed them my driver's license which has my address on it. lol. The odd thing is I had a bad gut feeling about opening an account with Fidelity in 2022. I should have listened to my gut.
I bought some BRK which I probably will never sell in the mid 1980s through Vanguard and I just keep it there. I also use Vanguard for money market funds as they are the lowest cost, for some of their ETFs and for a few stocks.
I use Schwab to buy and sell T-bills, some of their ETFs and stocks.
Long ago I opened an account with Olde Discount which eventually evolved into Ameriprise Financial. I have a C corp account there and some other accounts. Although Ameriprise charges commissions on trades they are low and I rarely trade. Also, I am just too lazy to go through the hassle of moving accounts. I only add funds to my C corp account there and withdraw accumulated dividends from my personal account now and then. I have a ROTH IRA there but have added nothing to it nor withdrawn from it for many years.