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Re: Will Congress Keep Your Investments Safe? [probably not]
Posted: Mon Jul 07, 2014 1:40 pm
by dragoncar
Uh... good article? What more is there to say?
Re: Will Congress Keep Your Investments Safe? [probably not]
Posted: Mon Jul 07, 2014 1:57 pm
by Early Cuyler
MangoMan wrote:
Bump.
Seriously, not one person has a comment on this?
First, I had no idea how the net equity in a brokerage account was calculated for insurance purposes, thanks for bringing this up!
So now I have to reevaluate the brokerages I use in particular and investing with a brokerage firm in general. If brokerages offer essentially no protection in case of fraud (and possible liability, too) then I would make sure I trust the broker I use now; I would also consider moving a chunk of my stock holdings to a mutual fund company, probably Vanguard because I believe their structure disincentivizes fraud. Aside from that, nothing much changes. I still need to do my due diligence on any firm I entrust with my money and I still need to operate under a plan that takes risks like these into account.
Just my 2¢
Ryan
Re: Will Congress Keep Your Investments Safe? [probably not]
Posted: Tue Jul 08, 2014 7:09 am
by WildAboutHarry
[quote=MangoMan]Well, I was hoping for some thoughts on how to protect yourself when this bill doesn't pass, of course following the comments on how useless our elected representatives are...[/quote]
Cash + Mattress.
Our elected representatives are worse than worthless.