4 ms·

I don't think I understand. Fidelity 401k - Millions of people put in their paychecks, millions of people have withdrawn successfully in their retirement. An u

I don't think I understand. Fidelity 401k - Millions of people put in their paychecks, millions of people have withdrawn successfully in their retirement. An unsophisticated investor will not lose anything. Crypto - no way to know what, if any, company is legit. If I use a hardware wallet and lose it I'm screwed. FTX seemed pretty legit a few weeks ago, they even had an NBA arena named after them! There are dozens of ways an unsophisticated investor can lose everything.

dbcurtis 4y ago
Isn’t Fidelity FDIC insured?
junofan 4y ago
Fidelity is insured through Lloyd’s of London, among other vendors. You pay for that insurance as a customer. There is no reason a company with infrastructure based on different technology could not also purchase insurance.