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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Grommit who wrote (28995)	11/15/2007 4:05:20 PM
From: Wallace Rivers	Respond to of 78764

with an aggregate limit of $600 million to pay amounts in addition to those returned in a SIPC liquidation This is the terminology which I thought was noteworthy. IMHO it wouldn't take all that many jumbo (for lack of a better term) accounts to eat up that 600 million aggregate limit. I think the likelihood of ETrade experiencing a total meltdown is highly unlikely. From my understanding, one's equities don't evaporate in that instance, anyway. They would be kind of in limbo for a period of weeks or possibly months while the administrators assign accounts to a new brokerage firm or firms. That is the most significant downside in my understanding, that possible waiting period. That being said, I moved from ETrade to Fidelity after talking with many different people. Better sleep at night factor, plus I like the fact that Fidelity is privately held and hasn't ventured all that far afield from its brokerage/mutual fund roots. It doesn't hurt that there is a branch about ten minutes away from where I live, either.