I have all of my money (nest egg) invested in Fidelity Mutual Funds. Roth IRA, individual account and a regular IRA. Are they insured? Safe? Should I worry?? About $300,000 total. Thank you very much. -Carolyn
Mutual funds are not insured and you could lose the value of your investments due to normal market fluctuation. However, Fidelity is a member of the Securities Investor Protection Corporation (SIPC), and brokerage accounts maintained with Fidelity are protected by SIPC, which protects brokerage accounts of each customer when a brokerage firm is closed due to bankruptcy or other financial difficulties and customer assets are missing from accounts. SIPC protects brokerage accounts of each customer up to $500,000 in securities. Learn more at here or by calling 1-800-FIDELITY.
>>Read previous Ask The Expert posts
>>Question for our experts? Email them here