UnThreaded | Threaded | Whole Thread (6) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: TMFCogitarius Big gold star, 5000 posts Old School Fool Home Fool Global Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 46814  
Subject: Re: Safe Online brokerages Date: 10/26/2012 12:28 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Hi Subu - 'risk' is a very subjective issue in any such selection. For example, by paying unusually low fees to any corporate entity for its services, you're automatically taking on the risk of (a) it not surviving for very long (b) facing high future fees to help it survive (c) your identity and/or assets being used to help it stay afloat.

Swings and roundabouts :)

One way of checking out a broker's 'safety' as a going concern is to see how it fared during the 2008 meltdown. ETrade, for instance, was in dire straits.

In terms of safety of your assets, my experience with Schwab has been that they're extremely safety conscious in authorizing any transactions. Painful sometimes, but intended for your own peace of mind.

I'd strongly recommend them to any one as a safe bet.
---------------
MDP Home Fool
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (6) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

Post of the Day:
Value Hounds

Medallion Financial: TAXI!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement