How to find a simple all-in-one bank and brokerage
Too many choices and accounts cause analysis paralysis, making it overwhelming to find a stable, single setup for banking and investing. People get stuck juggling multiple institutions when they just want a simple one-stop shop that works without the complexity.
What people tried
Every workaround mentioned in the threads below. We haven’t tested any of them — and nobody here is claiming they worked.
Found another way around this?
Share your steps and trade-offs so fellow engineers don't have to reinvent the wheel. No account required.
- 1Using a Fidelity brokerage account with SGOV or FDLXX instead of a traditional high-yield savings accountDid this help you?
- 2Juggling multiple accounts across different financial institutionsDid this help you?
- 3Sticking with existing legacy bank accounts despite negative public reputationDid this help you?
- 4Picking whichever website seems most user friendly or manually buying specific money market funds.Did this help you?
- 5Reading subreddit wiki guidesDid this help you?
- 6Putting money into retirement accounts before taxable accountsDid this help you?
- 7Keeping money for purchases within 5 years in high-yield savings accounts or short-term treasuries instead of ETFsDid this help you?
- 8Liquidating individual equities and overlapping dividend ETFsDid this help you?
- 9Transitioning cash straight into broad-market index funds like VOO, VTI, and VXUSDid this help you?
- 10Adopting a Boglehead philosophy of passive, low-fee index investingDid this help you?
- 11Using capital losses to offset realized capital gains for tax managementDid this help you?
- 12Transferring money back and forth to a traditional bank like Capital OneDid this help you?
- 13Keeping emergency funds separate in a traditional high-yield savings account instead of a fintechDid this help you?
In their words
Unedited, grouped by where they were said, most upvoted first within each place, each linked to the thread it came from.
“I'm turning 40 at the end of 2026 and feel filled with regret and embarrassment about my portfolio. I thought I was smarter than the market as a "value investor," and I failed miserably.”source ↗
“Seeing how much I left on the table during a massive bull run makes me sick, and emotionally I am just done. I want simple, boring, and automated.”source ↗
“Man, that portfolio just seems so complicated to me. I am 100% VT at this point. It seems like your funds share a lot of overlap.”source ↗
“So finance has this effect on me where it turns me into an analysis paralysis mush.”source ↗
“So many options so many factors and I just want something that is stable, simple, and just works.”source ↗
“I'm currently looking for solutions regarding which bank I should use as my one stop shop. I'd really like to keep things as simple as possible and not have to juggle money between several accounts from different banks.”source ↗
“I’m not sure which one to choose.”source ↗
“Is a simple way to look at saving being unspent money from a months pay goes into a savings account that beats inflation, built up to withstand around 6 months worth of expenses, then put the rest of the unspent income into ETFs and liquidate them for big purchases such as a home, car etc.?”source ↗
“I’ve never had a job and I’m new to this sort of thing thanks”source ↗
“I’m scared of a fintech shutting down”source ↗
“Is it okay to keep my savings in the fintech?”source ↗
“What are some of the best investments I can make into my Roth IRA and Brokerage account? Also are there any other great benefits to fidelity that I should be using?”source ↗
“I also was looking between the Fidelity CMA vs the Capital One Savings account, what is best for certain types of savings?”source ↗
Where this came up
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