Yes, bitcoin land truly is the new Wild West.
Not only does it regularly happen that people their account gets hacked (hence 2 factor!), 1 in 5 service operators ends up disappearing with the coins as well (hence cold storage!), even the government likes to raid the largest exchanges from
time to
time (hence no trading but buy and hold!).
I advised the blockchain.info wallet because they are the most trusted and using that with 2 factor on your phone is safer than just installing the bitcoin client I think, since most people don't use their computer safely and it's easy to hack into. But indeed the best is cold storage like Armory, though much more complicated and not worth it if you only have small amounts.
Holding on to your coin is very hard.
Some get robbed, some lose them, many invest them, some gamble them, others consume them, and those that still have them often sell them way too soon (they got me on this one)
Hence, when the fingers are itching to move the coin,
watch this song.
Coins send, good luck!
"We think, the more people on earth, the less we each have. But it's exactly the opposite, the more people, the more resources we all have!" - Julian Simon, The Ultimate Resource 2