Hey All,
I just opened my first Schwab account and I was looking to invest in the S&P 500 Index Fund, however they don’t have that index fund/ETF and only have it as a Mutual Fund. It’s only available on Vanguard and Fidelity apparently, but Schwab does have the following ETFs - SCHX and SCHK, which mirror the Dow Jones. Is there really a downside to investing in these two vs. the S&P 500 (VFIAX) at say Vanguard?
Also, Schwab doesn’t have VTI, but I think SCHK is the one similar to it at Schwab, is there a difference and benefit to investing in one vs. the other?
Also another thing I noticed was that neither of these 3 brokerages use the term “index fund” but only have ETF. I thought there were differences between the two, or is there not? Also, is there a fee or tax I need to pay when I sell? Or is it recommended I hold until retirement?
Are there any benefits to using one brokerage than the other? What is more common/user friendly?
What common index funds “ETFs” are folks investing in?
What common bonds are folks investing in?