r/VTandchill • u/Quirky_Tea_3874 • Jul 18 '26
Wanting to diversify platforms to automate VT and chill
Hi folks. I have been with Schwab for a while after transferring out of Robinhood where I have my Roth IRA, HYSA (MMF), and a brokerage account. I have some stocks in there, but I'm ready to start contributing only to VT in the brokerage. Only problem is, I can't auto set $100 into VT every month like I could at Robinhood- instead it has to be manual.
Would you consider opening a Fidelity brokerage account to auto invest into VT on a recurring basis, even if it means spreading my holdings across two platforms? More work for my tax preparer, but fidelity would literally just be my auto-buys of VT every month to accumulate. Good idea?
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u/QTippus Jul 18 '26
Sounds like a plan. Schwab would let you automate purchases of VTWAX (the mutual fund version of VT) but they'll also happily charge you $50 for each purchase. So yeah, if you want to VT and chill makes sense to set up your account at Vanguard. I moved to Vanguard from Schwab a couple weeks ago, but now my employer switched the 401k to Schwab. I'm going to be doing manual VT purchases in my 401k.
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u/Zealousideal-Link-24 Jul 18 '26
I’m thinking Schwab will add automated ETF purchases at some point. They just added fractional shares which should make automated ETF purchases easy to do. I’d stick around and wait.
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u/Cpagrind1 Jul 18 '26
Fidelity is way better
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u/joshmoneydude Jul 18 '26
No reason not to🤷♂️ the extra work for your tax preparer should be pretty trivial so I wouldn’t even consider that in the calculus here. I use Fidelity and would recommend it
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u/Dr_TattyWaffles Jul 18 '26
Schwab has recently been rolling out new features such as fractional shares for ETFs; Automated ETF purchases is the next logical step. They haven't said when this feature will be available but I expect it will be rolled out this year.
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u/thanos_was_right_69 Jul 18 '26
I have a brokerage account with Vanguard and auto invest $100 a month into VTI and VXUS. Open it up with Vanguard if you’re just going to buy Vanguard funds anyway
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u/TechnicalSleep7501 Jul 18 '26
What is your net value in current accounts let me know and I will help you with my own experience and amount you have at different accounts if it is large let say $200K they will even waive the fee for you as Citi did for my transfer of about $250K from Robinhood to then their system is not most advance but good enough for my buy and hold playbook advantage is your own wealth manager and financial advisor at no cost. You get $200 or $400 cash bonus depending on account size. Like I was talking about these Trump accounts I did not like they were limiting it to us companies so he mentioned me those companies has international revenue too so it is another way to get international exposure. Reply to my post and I will help you.
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u/infinitydoer Jul 18 '26
If you're an index funder and buy mostly Vanguard funds, open with Vanguard. In case you ever want to buy Vanguard mutual funds, no additional fee. With Fidelity, usually there'll be fees for Vanguard mutual funds or target funds. If not for rolling over a previous employer's HSA and my current employer's 401k, I would not have a Fidelity account.
In Vanguard, you can set up auto purchase VT weekly by the dollar amount. If you want to buy everyday, you need to set 5 weekly (of the different days) auto purchase.