Best Schwab or Fido Total US Stock Market Index options for Taxable Account

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CoastalWinds
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Joined: Sat Apr 06, 2019 8:28 pm

Best Schwab or Fido Total US Stock Market Index options for Taxable Account

Post by CoastalWinds » Tue Aug 13, 2019 10:31 am

I would like to start investing in either Fido or Schwab, in a taxable account. I would like to buy the most tax-efficient, lowest ER total US stock index fund. My questions are:

1. Which mutual fund is this for: Fido? For Schwab?
2. Are they more or less tax-efficient than VGs VTSAX?

Thank you.

livesoft
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Re: Best Schwab or Fido Total US Stock Market Index options for Taxable Account

Post by livesoft » Tue Aug 13, 2019 10:41 am

Maybe the bogleheads.org wiki has some suggestions? Let me look.
https://www.bogleheads.org/wiki/Fidelity
https://www.bogleheads.org/wiki/Schwab
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snailderby
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Re: Best Schwab or Fido Total US Stock Market Index options for Taxable Account

Post by snailderby » Tue Aug 13, 2019 10:53 am

In a taxable account, the most tax-efficient option would be ITOT (at Fidelity), SCHB (at Schwab), or VTI or VTSAX (at Vanguard). FSKAX, FZROX, and SWTSX would be fine in a tax-advantaged account, but they won't be as tax-efficient as ITOT, SCHB, VTI, or VTSAX in a taxable account.

All of these funds have very low ERs. I wouldn't worry about a difference of one or two basis points.

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ruralavalon
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Re: Best Schwab or Fido Total US Stock Market Index options for Taxable Account

Post by ruralavalon » Tue Aug 13, 2019 1:08 pm

livesoft wrote:
Tue Aug 13, 2019 10:41 am
Maybe the bogleheads.org wiki has some suggestions? Let me look.
https://www.bogleheads.org/wiki/Fidelity
https://www.bogleheads.org/wiki/Schwab
snailderby wrote:
Tue Aug 13, 2019 10:53 am
In a taxable account, the most tax-efficient option would be ITOT (at Fidelity), SCHB (at Schwab), or VTI or VTSAX (at Vanguard). FSKAX, FZROX, and SWTSX would be fine in a tax-advantaged account, but they won't be as tax-efficient as ITOT, SCHB, VTI, or VTSAX in a taxable account.

All of these funds have very low ERs. I wouldn't worry about a difference of one or two basis points.
Pretty much covers everything.
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usagi
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Joined: Wed Jun 05, 2019 1:08 am

Re: Best Schwab or Fido Total US Stock Market Index options for Taxable Account

Post by usagi » Tue Aug 13, 2019 6:03 pm

snailderby wrote:
Tue Aug 13, 2019 10:53 am
In a taxable account, the most tax-efficient option would be ITOT (at Fidelity), SCHB (at Schwab), or VTI or VTSAX (at Vanguard). FSKAX, FZROX, and SWTSX would be fine in a tax-advantaged account, but they won't be as tax-efficient as ITOT, SCHB, VTI, or VTSAX in a taxable account.

All of these funds have very low ERs. I wouldn't worry about a difference of one or two basis points.
+1

dardeninvestor
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Joined: Wed Jul 31, 2019 9:51 am

Re: Best Schwab or Fido Total US Stock Market Index options for Taxable Account

Post by dardeninvestor » Tue Aug 13, 2019 9:33 pm

SCHB. Tax loss harvest with SCHX.

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