I really like the idea of M1, but after experiencing a small problem (nothing evil) I decided to go with Fidelity. They’re interface is no where near as clean as the newer brokerages, but they have $2.3 trillion in customer money and they offer a fraud garauntee.
I was excited to try the newer brokerages knowing that they still carry SIPC. I then learned that SIPC ONLY covers you if the brokerage completely fails, not if your account is breached or if you suffer a loss due to their negligence. So I ended up going with an established player even though they’re uglier and less innovative.
Am I crazy for worrying about it?
Submitted May 25, 2018 at 08:07PM by UniqueSteve https://ift.tt/2kp9vcJ
