Quote:
Originally Posted by itsanne
I have just been transferred to Schwab from TD Ameritrade as of September 1st. So, no experience with them yet. I will keep roughly 50/50 between them and Fidelity. No institution is big enough not to fail as we have seen in the past.
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I agree no institution is too big nor too solid to fail. Using more than one well regarded investment institution (but not necessarily many) seems prudent. As does reading the ongoing ratings and reviews for yours and other institutions. Adjust as needed. Even Schaub gets some negative mentions. Long on T bill is one.
Beyond that diversification is about various
types of investments not necessarily the differing institutions. That mix is personal and certainly ebbs and flows with the economy. No one (not even WB) is likely to get it right all the time. Good luck and reasonable ROI!