Etrade. Safe or not?

[barnetda]

My wife has a low 6 fig sum in her etrade stock account. Currently mostly in cash.

etrade looking shaky today.

Should she remove all of her funds?

thanks

 

[makloda]

Better safe than sorry.

 

[TorontoTrader2]

refco-itis? Look, the US financial system is BROKE and broken. There will be runs on the banks soon. Bet on it.

 

[detective]

What does E-trade offer that other brokers don't offer for you to take any kind of extra risk with them? I would pull my money out ASAP before they go under. The stock is plummetting as I write.

 

[barnetda]

I think your both right.

Although it is insured i believe?

She is going to get out now.

Thank you.

 

[detective]

Last one out the door gets egg on their face. Really horrible horrible company, that E-trade, ridiculous fees, high commissions, and they use your money to buy subprime mortgage securities to boost return on equity! LOL. They need to go under.

 

[capmac]

GET OUT NOW or get nothing......

 

[flytiger]

Unless they have an outside insurance policy, SIPC is 100 cash. Trying to stay around and collect is tandamount to hitting a telephone pole to see how your car insurance performs.

 

[Daal]

if US goes into recession they could easly go out of business, the stock market has wisdom for this kinds of things, I would take my money out immedialy

 

[AK100]

Seems like physical Gold is one of the very few safe assets these days.

Hope there's not a 'reverse run' on the gold shops, ie people quing to buy