Locator: 49855FAMILY.
Not meant for general readership. This is meant for my extended and growing family.
I have a new executor: Levi.
Last night on FaceTime with the family in Portland, I asked my daughter on which bank did I draw a recent check for their family. She couldn't remember, was thinking about it -- when five-year-old Levi came over to his iPad and said loudly and clearly -- SCHWAB.
I can't make this stuff up.
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Schwab In The News
Schwab: I did a lot of research on this one and the clear winner for my extended family, without question: Schwab.
AI prompt: among these four, where are most investors under the age of 30 parking their money -- SoFi, Robinhood, Schwab, Fidelity.
Google Gemini: the most lame response I've seen -- see below in the box --
- Robinhood: crypto
- Sofi: used to require two different log-ins if one wanted both banking and equity investing; now moving to single log-in; Schwab has had this "forever."
- Schwab: for those who want to "get serious."
- Fidelity: for those thinking about retirement, Roths
AI prompt: Schwab has a number of ETFs, such as SCHB, SCHG, SCHD. Does Sofi or Robinhood offer "in-house" ETFs?
AI prompt: Schwab has a number of ETFs, such as SCHB, SCHG, SCHD. SoFi offers five in-house ETFs. Robinhood, none. How many in-house ETFs does Schwab offer? How many in-house ETFs does Fidelity offer?
AI prompt: Schwab offers face-to-face support whereas Fidelity does not. Is that still accurate?
Advice:
- my advice still stands for our extended and growing family -- Schwab;
- if you don't live within 50 miles of a Schwab office, move.
Advice:
- start investing as early as possible, but certainly by the age of five;
- invest at least one dollar every week, never fail; at least $5 / month, never fail; at least $60 / year, never fail;
- double that minimum every year.
