I am not much on investing, so can you tell me what is the best?

Question

I mean for banking and investeing. I want to be able to do this online.

Example is Bank America better than Charles Shwab?

I want the works checking , savings, 401k , bonds etc...

WHO is the best?

Answer 1

I like Vanguard.

The are the only firm that is client owned as opposed to publically owned or privately owned (causing conflicts of interest with their clients).

Because Vanguard is client owned the 'profits' go back to the funds keeeping costs very low - and low costs are VERY important when investing. Look at the chart here for the impact of costs over time:

http://www.saveyournestegg.com/scam.html

Also, Vanguard stayed out of the mutual fund scandals a few years back and is a very ethical firm. They have a good philosophy of using index funds and not market timing/gambling. Since people playing the market raise costs for other investors Vanguard has safeguards in place to prevent this.

Vanguard ranks high in customer service per JD Powers and Associates survey.

Vanguard is more expensive when it comes to buying and selling stocks, but that's a good thing - gambling is not wise.

Vanguard also has excellent tools and information for people starting to invest.

https://personal.vanguard.com/us/plannin...

From Morningstar:

"Most of what is good about Vanguard's culture stems from its unusual corporate structure. Unlike most other fund companies, whose funds are technically owned by shareholders but are practically controlled by management companies, Vanguard investors own the funds, which own the management company. This mutual ownership structure allows Vanguard to run its funds at cost and for the benefit of shareholders. That helps keep costs low and alleviate the conflict most other fund families face: Whom do you serve first, the management company or fund shareholders?

Vanguard favors fund owners in a number of ways. Its shareholder communications are written clearly in plain English and preach the virtues of simplicity, low costs, diversification, and keeping a long-term view."

I also use Vanguard for my online banking.

Answer 2

Do forex trading or

Mutual funds