Use them, hate them as a brokerage. I transferred my assets to fidelity and I like them much better. Only claim so far was fixing a chip in my windshield, which was free to me.

The more narrow aggressive funds do have better recent returns, but also higher volatility than an S&P 500 fund. Thanks I have my checking there so I was thinking I would try it. I've seen off the cuff comments before, but hopefully this being Moronic Monday won't get me much ridicule. Switched to Vanguard. There are discounts for multi-cars, daytime running lights and other things. I am willing to accept risk to grow my investment but how much is too much? I hate their shitty tools, expensive fees, lack of general portfolio performance tools available. Wow that's really shitty man. Lost home insurance when I moved and they were no longer writing policies in Florida. USSPX looks really decent. I’ve heard they’ve improved but I’m satisfied and haven’t felt any need to reconsider them. https://www.reddit.com/r/personalfinance/comments/2ekj5n/psa_changes_at_usaa_brokerage/. USAA has some sort of relationship with Fidelity, so with your USAA brokerage account you can also invest in Fidelity funds and ETFs commission-free. https://www.ifa.com/articles/USAA_A_Deeper_Look_at_Their_Performance/. It is never a bad idea to become a USAA member if you can. My monthly premium dropped from $200 to $80 when I switched from Geico to USAA. They also have a ton of other member perks. You can buy a cashiers check with cash and then do a mobile deposit. Price, easy of use, availability and ability to buy multiple financial products? They also have just about every financial product you can dream up. Please contact the moderators of this subreddit if you have any questions or concerns. I have recently decided to start investing my money and since I use USAA for banking I am considering using their investment tools and mutual funds to start. I mostly buy and hold larger amounts of individual stocks and ETFs to keep costs low. Fees are little higher than average for trading ($8.95). I haven't bought a stock in 10 years so I'm not sure what is a good price anymore. USAA also has a $10 closeout fee (for no activity in one year with a balance less than $100) that Robinhood doesn’t have. I used them for that period and now only buy Fidelity ETFs through them because they are free. My monthly premium dropped from $200 to $80 when I switched from Geico to USAA. That’s a move in the right direction. Are they above average? So I recently started taking a more active approach to my investing and came across this subreddit. The agressive funds sound like they could really be good but I am so inexperience that I don't really know how to go about doing the research to pick the investment strategy that is right for me. I am a bot, and this action was performed automatically. Certified checks can be mailed out in a few days, and I can use any ATM I want to get money from and deposit all my checks via my phone. Great website and customer care. i get a check back every year. USAA banking is also good.

One I'm using right now is their network of real estate agents who work with them for a commission discount. I'm going to research this. In my experience, USAA usually doesn't have the absolute best rates or lowest fees on anything. If you become more involved in investing and trading you may eventually want a an account at a bigger firm like Vanguard. Their customer service is great- alternator went out on our car and within 30 minutes there was a tow truck on the way! :). Cookies help us deliver our Services.

Looking for some insight. Do you use their phone app or or regular website? Robinhood easily wins here. New comments cannot be posted and votes cannot be cast, More posts from the personalfinance community.

Fee is $9 a trade. Would you mind clarifying a little on why you think they aren't good for investments? You can compare and contrast the funds yourself but for example the Fidelity S&P 500 index fund (FUSEX) has an expense ratio of 0.09% so I use that instead of the USAA fund. He already has a renters policy, but wondering if it would be worth trying to get the eligibility. USAA is great for banking and insurance. Have Usaa for baking and insurance though.

Not so much for investments. I haven't run across this yet.

I used to have home and auto insurance through them. If you have all your stuff through USAA as I do, it kinda makes it simple to stick with it. If there are any good tools out there to help a newbie like me learn that would be amazing too. I opened my account with them when they had special of 50 free trades for 6 months. If you want to do something with money, they'll help you. Join our community, read the PF Wiki, and get on top of your finances! Fees are little higher than average for trading ($8.95). some expenses are high https://www.ifa.com/articles/USAA_A_Deeper_Look_at_Their_Performance/, New comments cannot be posted and votes cannot be cast, More posts from the personalfinance community. I see. You can compare and contrast the funds yourself but for example the Fidelity S&P 500 index fund (FUSEX) has an expense ratio of 0.09% so I use that instead of the USAA fund. By using our Services or clicking I agree, you agree to our use of cookies. Account minimum: Last year, USAA dropped its initial investment to $500 from $3,000. I used to have my IRA there, fees were insane and they were a huge pain to rollover. I have never had a better customer-end experience when dealing with any company in any industry. The convenience of using my bank and the online tools provided seems really nice, but I am worried that its just too easy.

So likely less than $100 for the year and if I understand correct, I would then be eligible for USAA products for life. I got everything I needed to do complete with USAA, over the phone, before the cops showed up.

Got triggered remembering that. If you're serious about doing a lot of trading, look elsewhere. Thanks for the heads up. Just buy a money order and deposit that with your smartphone.

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I don't think depositing cash is very difficult. Recommended Articles Safest brokerage firms Cookies help us deliver our Services. I've had USAA for the better part of a decade and love them. By using our Services or clicking I agree, you agree to our use of cookies. It may not have not been reviewed, commissioned or otherwise endorsed by any of our network partners or the Investment company. That's awesome- I didn't know they sent checks back. I have some mutual funds through USAA to start fiddling and playing around, but I'll be using mostly vanguard soon. I just made the switch to their 2055 target fund (FDEWX) which is much cheaper than USAA's 2050 fund. Brokerage was far less easy than any of the major brokers, I don't know what price is nowadays so I can't comment on that. They usually cost $.50-1.00 and are available at millions of locations. I don't know that he needs to get a policy, but he needs to have a usaa number and then you can get grandfathered in under his number. I'm learning more than I have been researching on my own. My view of USAA is that it is a good bank, pretty good insurance (slightly declining though), and a terrible broker. USAA Investments Review 2020. usaa is awesome.

I think it's fine and fun to play with really, nothing bad from what I've seen. They just switched over their investments backend to National Financial (eg Fidelity) so their investments have much better rates. I'm really glad I asked this question. As the other poster said, investments aren't terrific, but we are happy with banking and insurance :). When I switched to USAA I thought the no branches thing was a negative, but honestly, in nearly 4 years I haven't had a single need for a physical branch location. My question is where these funds rate in the pack. He would just need a renters insurance policy for his studio apartment.

my parents get a big refund because they also use it for homeowners insurance. No regrets!

Has anyone USAA investing account before? Edit: Also, on a rollover of mine, they randomly fucking distributed some of my money for no reason. USAA has some sort of relationship with Fidelity, so with your USAA brokerage account you can also invest in Fidelity funds and ETFs commission-free. My father served in the army, but has never used USAA, so in order for me to even get a quote he would need to start a policy. Do you think it would be worth it? I'd highly recommend them for insurance!

The difference between them and the best is small enough to be negligible in most cases, though.

Depends on the investment. No fees, ATM fee refunds, deposit checks at any UPS, profit sharing for members. I don't deal with large amounts of cash, ever, so if I get even a few hundred bucks I just keep it and use that as spending money. I would not recommend USAA's mutual funds as they typically have high expense ratios.

This was before I wised up. Luckily I am back home in San Antonio, Texas which is where their main office is located. No fees, ATM fee refunds, deposit checks at any UPS, profit sharing for members. Cookies help us deliver our Services. Press question mark to learn the rest of the keyboard shortcuts. That was one I was consedering.

USAA banking is also good. The more narrow aggressive funds also have higher expense ratios, which means you'll lose 4 times more performance to fees than the S&P index fund. I use USAA for my Roth IRA and taxed brokerage accounts. From USAA: "We’re always looking for ways to make your investing experience better and continually respond to customer feedback. That’s a move in the right direction. New comments cannot be posted and votes cannot be cast, Press J to jump to the feed. If you're not a day trader, the site works pretty well. I am also unsure which funds to invest in if I use USAA. Unreal!

My renters insurance with USAA is about $17/mo. Years ago their fees and commissions were high so I went with Vanguard and Fidelity. It came in handy when I needed a special notary, but there were several other options that were nearly as convent as the local USAA branch, but a slightly longer drive away. The expense ratio is relatively low (0.29%) and it's moderately aggressive.

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone and is not intended to be a source of investment advice. It's an S&P 500 fund, which means it tracks the 500 large companies than make up the S&P index. Should I try elsewhere? We have never gotten one and we use both auto and renters insurance.



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