Ask HN: What are your favourite brokers to manage long term investments?

I find Fidelity or Vanguard to be "perfectly reasonable" discount brokers to manage, say, retirement funds. For those outside of where they operate, such as Canada, there are smaller discount brokers such as TD Waterhouse here in Canada. I would think "long term" = "buy and hold", so things like advice isn't welcome or appropriate. Minimize the commission and particularly minimize the other expenses involved in mutual funds or ETFs. And as others have said, be willing to lose your investment if you gamble on individual stocks.

As a bit of advice, don't purchase stock without a discount like ESOP for your own company. You're already investing your job, possibly your career there so why increase the risk for less gain. Similarly, you might want to avoid investing heavily in your own currency if it's not Dollars or Euros. Again, spread rather than concentrate your risks.

Head over to the Bogleheads wiki[0] and forum[1].

The general consensus on the forum is that Schwab, Fidelity and Vanguard are the big three to use. Do you need a HSA? Fidelity is the only one with a completely no fee HSA. Read through the wiki and and look at previously asked questions in the forum. If you still have questions, ask away in the forums.

[0] https://www.bogleheads.org/wiki/Getting_started [1] https://www.bogleheads.org

I recommend Fidelity and target date funds. They provide free wire transfers and a cash management account (fancy checking account). You contribute cash to an account (taxable, tax advantaged, etc), buy more of a position (like the above recommended target date fund), and wait until retirement or some other event requiring liquidity. They also have a very well put together donor advised fund (DAF) setup, as well as branch locations across the US. Very nice mobile apps are also a plus.

ITOT is an ETF equivalent of Vanguard’s VTI if you’re looking for something without automatic temporal rebalancing like a target date fund.

(no affiliation)

Which one does not lock you out on big volume days? A lot of the discount guys completely fail on a 2 sigma or 3 sigma day. TD fails on busy days. I heard e trade was similarly bad

You can buy and hold ETFs with any broker. Maybe it's better to use a broker that will not tempt you to overtrade -- say Vanguard instead of RobinHood.

Self custody of Bitcoin, you need no broker to store long term.

Cold, offline keys. Set and forget for 20y (if you can, resist the urge to cash out).

Take John Bogle’s advice. Buy a low cost S&P 500 fund from Vanguard, Schwab or Fidelity. You get diversification, low expenses, and low short term capital gains (relevant for taxable accounts).

You can buy and hold ETFs through any broker. But have your own judgment. Don't follow blindly.

https://www.interactivebrokers.com/ - low fees; easy to use.

> If you are self employed and contracting

If you are self employed, look into consulting with a tax lawyer first to properly form a business entity to take benefit of retirement saving programs, for example Solo 401k and/or business entity/"employer" contribution to "employee" retirement program. You can easily put away pretax significantly more amount than possible when you are working as employee for someone else.

Then, look for brokers that will let you establish such retirement accounts at minimal cost and funds/ETF with low expense ratio. Depending on your income level, you can also look into brokers that allow alternative assets in to retirement accounts.

have interactive brokers, consider also etfmatic

Long term investments? Vanguard mutual funds.

Not sure if this is a “recommendation”, but it’s a data point: I used M1 Finance it lets you create “pies” of various mixes of mutual funds (from Vanguard, Schwab, others) and has a great app.

https://m1.com/

Ally Invest has no commissions and an API. I manage my portfolio in python an Jupyter lab.

Buy a few books about permaculture ; watch the videos made by the handful of most reknown guys in the field of permaculture design. Follow a course to ensure understanding the fundamentals.

That's a prerequisite in order to buy some large enough piece of land meeting the criteria for a sustainable place. Better yet: pay a permaculture designer to assess the potential of a property you're interested into buying.

Don't rush into buying because once bought, you'll have to do with the cards that precise property provides. Not all land are equally sustainable. The lesser the potential, the more work, energy and investments will be necessary in the long term.

Let it then evolve by itself without any intervention. Rather than acting, just observe and learn how that precise ecosystem evolves by itself.

Spend week-ends and vacations there, learning the Nature from observation and books.

You don't even need to learn permaculture yourself and even go there regularly, as long as you make sure that the Nature is not blocked in its natural permanent evolution.

Why is it the best investment possible?

1/ you contribute to the protection of the environment in protecting that piece of land.

2/ the biodiversity will augment by itself if no humans intervene.

3/ your kids will be incredibly thankful if they inherit a preserved rural place where they can choose to live (or take refuge in...).

4/ yourself may have to move there of things go bad. Or if you fall in love with the place. Or decide to spend 6 months there and winters in the city so you get the better of both places.

I'm not a survivalist nor do I believe in a collapse of our civilization. I believe in Science and the scientists tell us that things are gonna get bad, since we collectively keep on emitting methane and CO2 and keep on polluting.

10 acres of land is plenty enough. More is better, since pollution sources are further away and the land can offer different opportunities for crops, forests, hunting just to regulate when necessary.

The future is uncertain, so investing in the long term on the financial markets is uncertain too. But some land with a decent natural potential that you let naturally evolve is a no-risk investment: its fertility will keep growing ; its value therefore too and more so that the rest of the land on Earth keep on being over-polluted and the soils depleted of its natural fertility by pesticides.

Invest in Nature for us all, for the Earth, for life and for your children and grandchildren.

You don't need to change your way of life and go live there. It's an investment. Once the right property bought, just doing nothing is good. Just have it checked regularly by someone capable and trustful. You don't want vandals cutting down your trees or hunting (but some hunting may be necessary, though).

So little work and a remarkable yield if you, your children and grandchildren need or decide to live in a preserved and fertile nature. If not, preserved nature will be more and more researched therefore valuable. See the billionaires all buying very large chunk of land in New Zealand. They know what they are doing.

But we know too but most of us prefer betting on Bitcoin rather that on Nature.

Buying a piece of land is like buying a chunk of the bank in a casino. You're certain to win and everybody will applaud your wisdom.