Thank you everyone for the great information. It appears more people are recommending Electrum as the preferred wallet.

Just a few questions about Electrum:

1) Is there a limit for buying and selling bitcoins for Electrum's wallet? I know Coinbase had a $3,000 cap
2) I noticed Electrum doesn't work on iOS, I would like to use it on the go as well. How do you Electrum users do that?
3) How much resources does Electrum use? I am just trying to figur out what system to install it on.
4) It's interesting that there are so many different wallets. I was only introduced initially to CoinBase and online wallets. I had no clue about Hardware wallets, and offline wallets.

I do appreciate the Hardware wallet of Electrum which I am going to seriously look into and have that has possibly my main storage wallet. Then I might have another wallet for day to day and smaller amounts. What do you guys think of Xapo for the smaller amounts?