Originally Posted by harley
I guess you could split your assets up amongst every brokerage there is in the theory that the hackers would only get one of them. Is that what you have done?
I do this.
It's more a result of watching the 2008 financial crisis and thinking about what would happen if one of the companies experienced some problems, possibly delaying access to my assets when I want access.
I don't go over board, but by keeping assets in a few places there is less likelihood of all of them encountering problems. Of course, it does increase the likelihood that one of them might encounter problems. It also keeps more of my assets covered by the SIPC limits.
No approach is foolproof, but this is the way I chose to go.