How safe is it in using a on line broker like ameritrade?

Question

I have some really good mutual funds picked out and plan on investing thru Ameritrade. My question is how safe is investing online? Will I log-on one day and find all my 50k mysteriously gone?

Answer 1

Pretty safe, if you use a major player.  I like Charles Schwab, personally, but Ameritrade should be ok, too.

Answer 2

Safe as any major brokerage company such as Fidelity, Vanguard, T Rowe Price.  Give them a call or visit them in person if there is an office near year to see how they safeguard your money.  Investing with anybody is an act of faith, you have to trust somebody.