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98% of my investments are with Fidelity.
I don't consider that having "all my eggs in one basket". By owning mutual funds, I own shares of companies - real securities. Also, I own funds across several different fund families. Ultimately, it doesn't matter who the "fund supermarket" is.
No, I am not worried about massive financial fraud from Fidelity. They can't just "help themselves to my money". Neither can the mutual fund.
It's incredibly convenient to have everything in one place - especially a place that has the excellent internet access as does Fidelity.
Also, Fidelity has a "customer guarantee" that will make you whole if you are a victim of unauthorized access to your account. That's a pretty hefty protection.
Audrey
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