thinkorswim vs. Investors Vanguard

I think this site does a great job in providing the information that any day trader, market timer, or long-term investor. I think that it is useful to all types of people who would take the time to understand it. Now it could be extremely overwhelming to a novice or someone who has difficulty understanding ding financial concepts, but to those that are willing it's a great platform.

Incentivized

Vanguard is a tried and true investment platform. They hold a large portion of people's wealth in the United States, so they have experience and the reputation to go along with it. Their customer service via phone is top-of-the-line, which is helpful for any retirement or investing-related questions. However, their website and app sometimes lack functionality, and it can be difficult to navigate. For users looking for an easy-to-use platform for investing, Vanguard might not be it.

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• Day Trading
• Swing Trading
• Long term Investment

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• Low fees
• Informative dashboard
• Many fund options

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• Offering more streaming platforms, like bloomberg for example or Fox Business.

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• Better mobile app
• optional 2FA with faceID
• Better glossary of index funds and limits.

I have personally used Charles Schwab mobile app and online page for about 3 years and have been thoroughly satisfied. Before TD Ameritrade and Charles Schwab merged, I had used thinkorswim for the 60-day paper money trial before using my real money on investments. I confidently believe the time I've spent on thinkorswim has helped me mitigate any big losses in my investments. As for robinhood, the mobile app is a lot better for beginners to understand and the UI can be described as more aesthetically pleasing. thinkorswim triumphs in many other aspects [as well] such as being backed up by TD Ameritrade and Charles Schwab and the plethora of knowledge [a user can access].

Incentivized

I thought I would need Vanguard Predictive Planning, but the robot-investor style tool like that didn't fit my current needs. I have availability to learn and explore so I took the plunge to handle it myself without predictive planning in place. I do review quarterly, but I didn't need a separate tool for that.

• No negative impacts so far, the use of paper money through thinkorswim helps lower risk of negative results.
• A positive impact is the use of thinkorswim through the web, desktop, or mobile device.
• To reiterate from before, thinkorswim is invaluable help to a business or person learn about the stock market without any risk of losing and be confident about their skills prior to using real money.

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• pretty neutral, in my estimation

Incentivized