Hi everyone!I want to know your opinion on this:im planning to open an account with vanguard to invest in for example SP500 ETF(long term) and open another account but with TD Ameritrade to buy and hold individual stocks.What do you think about this?Is a good way to manage my investments(considering fees and commisions)? PD:Is 6.95$ per trade considered high(referring to long term investments and not daytrading)?
Somewhat overcomplicated. Vanguard can do you stock trades and won't have to be moving any money around.
So for long term investments,would you recommend me using Vanguard for both ETFs and individual stocks?
Do some research to see which broker fits your needs the best. Tradezero & Robinhood offer commission free trading. IB & Lightspeed offer commissions starting at $1 per trade. TD Ameritrade has higher commissions, but their platform offers L2 data for free. So it's somewhat of a tradeoff. You can purchase Vanguard ETFs from any broker, so you don't really need 2 accounts unless you want them separate for some other reason.
TDA has a huge list of free ETF's, so unless you need mutual funds more specifically (Vanguard is great for that), I would make it less complicated and just stick to TDA. I have way too many accounts personally, and I would recommend consolidating.
https://investor.vanguard.com/investing/transaction-fees-commissions/stocks Enjoy broad access to around 1,800 ETFs—all commission-free¹ Individual stocks Also applies to sales involving leveraged and inverse ETFs. ASSETS INVESTED IN VANGUARD ETFs® & MUTUAL FUNDS ONLINE BY PHONE ASSETS INVESTED IN VANGUARD ETFs® & MUTUAL FUNDS Less than $50,000 (Standard) ONLINE $7² for first 25 trades; $20 thereafter BY PHONE $25 per trade ASSETS INVESTED IN VANGUARD ETFs® & MUTUAL FUNDS $50,000 to $500,000 (Voyager Services®) ONLINE $7 per trade BY PHONE $25 per trade ASSETS INVESTED IN VANGUARD ETFs® & MUTUAL FUNDS $500,000 to $1 million (Voyager Select Services®) ONLINE $2 per trade BY PHONE $20 per trade ASSETS INVESTED IN VANGUARD ETFs® & MUTUAL FUNDS $1 million to $5 million (Flagship Services®) ONLINE $0² for first 25 trades; $2 thereafter BY PHONE $0² for first 25 trades; $2 thereafter ASSETS INVESTED IN VANGUARD ETFs® & MUTUAL FUNDS $5 million or more (Flagship Select Services®) ONLINE $0² for first 100 trades; $2 thereafter BY PHONE $0² for first 100 trades; $2 thereafter