Best For: Long-term investors looking for low-cost, hands-off investing.
- Overview: Vanguard is one of the largest investment management firms globally, known for its low-cost index funds and ETFs. It is ideal for passive investors.
- Key Features:
- Offers a wide range of mutual funds, ETFs, and retirement accounts.
- Low expense ratios and no account fees for most products.
- Target-date funds and retirement planning tools.
- Investor-focused: Vanguard prioritizes customer interests over profit generation.
- Fees: Commission-free for ETF and mutual fund trades; some fees for managed accounts.
- Pros: Excellent for low-cost, long-term investing; a vast selection of funds.
- Cons: Less suitable for active traders due to fewer tools for real-time analysis and trading.
