Financial Independence: Best Cash Management Options -- Updated September 16, 2024

Cash Management / On-Line Banking / Investing
September 16, 2024

Three options:

Schwab
Sofi
Robinhood

After spending quite a bit of time researching on-line banking and investment platforms, Schwab, by far, is the best option.

Observations:

physical branches/offices: only Schwab has physical branches
physical checks: Robinhood does not have physical checks; Sofi does
two separate accounts required by Sofi: one for banking; one for investment

Schwab:

only one account needed: banking and investment
physical branches in larger urban areas
physical checks

Ease of use, on line:

I don't have experience with Sofi or Robinhood, but it's hard to believe that either is significantly different in ease of use or presentation than Schwab.

Mint: no longer exists. Transitioned to Credit Karma. Jury is still out on Credit Karma.

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Original Post
August 19, 2024.

Link here.

Discussed:

Wealthfront: robo-advisor
Fidelity
Charles Schwab
Bettermen: robo-advisor
Interactive brokers

I am only familiar with Schwab. I like the ability to work face-to-face with a broker.

Bruce and May: Schwab
Laura: Schwab

At the end of the day, my hunch: there is very little difference among the five. Choose whomever you feel most comfortable.

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Sofi Vs RobinHood
September 15, 2024

I'm incredibly partial to Schwab.

But after doing a bit of research .... Schwab has some great competitors ....

Sofi caught my attention recently. As did Robinhood. For different reasons.

So, I was curious: Sofi vs Robinhood.

Video: link here. From 2020 -- things have changed since then. Only eleven minutes long. A must-see/hear. Mint is mentioned. But Mint has disappeared; it is now Credit Karma and with regard to Mint / Credit Karma, the jury is still out. Google mint cash management now what.

Vidoe update: This 2020 video was updated in 2024: link here.

As a personal account.