>Work hard and honest your whole life
>Follow Mr. MoneyMustache's tips for frugality and early retirement
>Pennypinch like a Hebrew
>Finally get to retire
>Boris uses malware to hack your brokerage/bank account
>Steals your money
>Commit suicide
Explain why this is possible.
>>2061715
>Explain why this is possible
it isn't.
banks will reimburse you for hacked accounts so long as you took normal precautions to prevent it.
>>2061715
Is Boris eastern european?
>>2061724
They're legally obligated to do for regular bank accounts and credit cards, yes. But brokerage accounts have no such protection and yet people hold their life savings up to millions.
What does happen in cases of brokerage account hackings?
>>2061728
>What does happen in cases of brokerage account hackings?
they reverse the trades and guarantee your money back.
http://www.marketwatch.com/story/hacked-this-is-what-the-top-5-brokers-will-do-for-you-2015-10-27
>>2061745
> And last year, a Russian national living in New York was sentenced to 30 months in prison for hacking into accounts andmaking. unauthorized. trades
What the fuck??
>>2061745
Also what I don't like is this ambiguous "you must use our safety practices" thing.
> You must “adopt Fidelity’s recommended security practices,” which include using antivirus
Okay lets say I use Gnu/Linux (which I do). Am I somehow ineligible now because I don't use antivirus?
Or do I need to use clamAV
>>2061715
FDIC... don't keep all money in 1 account.
>>2061926
Doesn't cover brokerage accs.