This video covers the best Fidelity vs Vanguard vs Charles Schwab Index Funds. With index funds, the odds of building wealth over time is increased significantly and here are the top ones to know about, including some of my favorite index funds. - Enjoy! Free Investing For Beginners Guide 👉 https://dannysully.link/Investing101 ETF Overlap Tool 👉 https://www.etfrc.com/funds/overlap.php Top Bonus Offers: 💎 Webull Invest: Get FREE Stocks with any Deposit! 👉 https://dannysully.link/Webull 💰 SoFi Invest: Get $25 FREE Stock when you Deposit $25! 👉 https://dannysully.link/InvestSoFi 💸 SoFi Checking & Savings: Get up to a $300 Cash Bonus! 👉 https://dannysully.link/SoFi 🛒 Rakuten Cash-Back Shopping: Get a $30 Cash Bonus! 👉 https://dannysully.link/Rakuten Top Financial Products To Consider: 🛠 Financial Tools & Services: https://dannysully.link/FinanceTools 📈 Investing Platforms: https://dannysully.link/Investing 🏦 High Yield Savings Accounts: https://dannysully.link/Savings 🔒 Certificate Of Deposits (CDs): https://dannysully.link/CDs 💳 Credit Cards: https://dannysully.link/CreditCards Resources: 📚 Free Learning Guides: https://dannysully.link/FreeGuides 🗞️ My Free Newsletter: https://dannysully.link/Newsletter 🔑 Patreon (My Portfolio & Exclusive Content): https://www.patreon.com/dannysully 🎥 Relevant YouTube Videos 🎥 https://www.youtube.com/playlist?list=PLL80XtVsEZjNEqjqxToAzGHSwvPpWFaD6 https://youtu.be/Cp1kJLCP9dg?si=e394AVtB53ljZ7Zw https://youtu.be/n3Zk35p8Lvg?si=Y2BSPenJnK1zbtBU https://youtu.be/c6PYuGZ8-dc?si=BnUKulx0L2r9GfOU https://youtu.be/7GbwUx_Pmus?si=7FEvLIWKVlPTJQsn https://youtu.be/qKhpxXyQ4AQ?si=y__a13WGurw-qvAM https://youtu.be/i56TU3Dmnv8?si=9TrYHGZOrn0zNFbk https://youtu.be/emdZ2aSFQow?si=E0efUiWuWfZVIpdw ⏰ Timestamps ⏰ 00:00 Intro 00:47 What Are Index Funds? 03:35 Fidelity Index Funds 08:49 Vanguard Index Funds 11:59 Charles Schwab Index Funds 14:26 Best Overall Ones What is an index fund and how does it work? An index fund is a type of mutual fund or ETF that aims to replicate the performance of a specific index, such as the S&P 500. By investing in an index fund, you gain exposure to a broad range of companies within the index, allowing for diversified investment with minimal effort. Why is passive investing through index funds recommended by experts like Warren Buffett? Warren Buffett recommends passive investing through index funds because it allows investors to gain broad market exposure with low costs and minimal effort. Index funds are designed to match market performance, providing a reliable way to build wealth over time. How do ETFs differ from mutual funds in terms of tax efficiency and trading? ETFs are generally more tax efficient than mutual funds because they are structured to minimize capital gains distributions. Additionally, ETFs can be bought and sold throughout the trading day like stocks, whereas mutual funds are only traded at the end of the market day. What are the potential returns from investing in index funds over the long term? Historically, index funds have provided solid long-term returns. For example, with an average annual return of around 10%, investing $7,000 per year could potentially grow to over $1 million in 30 years, which is even better beneficial in a tax-advantaged account like a Roth IRA. What are the key factors to consider when choosing an index fund? Key factors to consider include the fund’s expense ratio, the index it tracks, the sectors and companies it covers, and its historical performance. Low expense ratios and broad market exposure are crucial for maximizing returns and minimizing costs over time. 🔔 Don't forget to subscribe with notifications on and hit that like button! Disclaimer: Certain links on this website lead to products or services that may earn Danny Sully an affiliate commission or referral bonus. As a member of an affiliate sales network, Danny Sully is compensated for directing traffic to partner websites, which may affect the placement or visibility of some products on this site. The information provided in this video is accurate as of its posting date, though some of the offers mentioned may no longer be active. This content is for entertainment only and does not constitute legal, tax, or financial advice. It is for general informational purposes. The presenter is not a licensed professional. Viewers should consult their attorney, accountant, or financial advisor for advice on specific legal, tax, or financial issues.