What distinction is he making between his hypothetical brokerage firm and a "third-party custodian"?Had Frank and Sally, for example, invested their original $40,000 directly in a mutual fund with a reputable third-party custodian, they would never have faced this madness.
Stan Dup wrote:Here is some reading to do:"It must be apparent to intelligent investors--if anyone possessed the ability to do so (market time) he would become a billionaire--quickly--." (David Babson, author, adviser)
Dutch wrote:If you max out your 401k and you want to save more in addition, then a Roth IRA would be more advantageous than a taxable account.
Provided, of course, that you qualify