u/InvestingNerd2020

At first, I thought this was a lie or inaccurate information given about SCHB. However, from multiple credible sources point to this being true.

Probable causes:

- Schwab constantly splitting the ETF. It is too cheap not to buy. Below $30 per share.

- Performance is on par with VTI and ITOT. No loss in performance felt by retail investors.

- Wealtfront using it as a backup ETF for VTI with their tax-loss harvesting algorithm.

Maybe I wasn't paying attention or E*Trade is horrible at marketing, but they offer 5 zero fee Index mutual funds as of April 2025. Two that caught my attention are:

- ETTOX (Total USA)

- ETISX (International)

What are your thoughts on them? Do they compete well with Fidelity's zero fee Index mutual funds?

Hopefully they don't back out this week. Long overdue for the S25 Ultra.

I historically viewed Vanguard as a boomer broker. Old clunky web site and not friendly to new long-term investors with their $3k minimums index mutual funds and high priced ETFs.

However, things have changed in the 2020s. Better website design, fractional shares for Vanguard ETFs, auto-investing for those ETFs, and even a new short-term Treasury ETF (VBIL) to park emergency cash free of state income taxes. It has become very new investor friendly with all the perks of a big broker.

What are your thoughts on the improvements this decade?

I left Merrill and BOA years ago (2010s) for poor offering and high expense ratio index mutual funds. However, a lot has changed and isn't well talked about. I just discovered this weekend they offer Treasury Money market fund FSIXX. With high interest rate and no state taxes, this should be announced to every BOA customer.

Also, I have a lot of relatives who are legacy banking with BOA. It is a comfort zone thing and laziness. Told my Dad about FSIXX, and he switched right away on Thursday. We live in California.