Security – Protect Yourself from Thieves
I’m sitting at my favorite coffee cafe having a tea and using their free WiFi. I try to be as careful as I can when I use free Wifi. How do I know that one of the employees don’t have some high tech way of tracking my log ins and passwords? I know this sounds paranoid, but it is possible to do this.
This is why I list mobile broadband on my what you need list. If you are not using a connection you can trust, DO NOT enter user names and passwords to sensitive web sites. Someone could steal your information. You can imagine how scary it would be to log into your brokerage account only to find all your money gone.
I use Scottrade and thought at first how dumb it was that I could not make a withdrawal from their web site. I had to either call and have them snail mail me a check or sign up for the ATM/Checks. Still it seemed odd, until I started looking at how to be more secure. Now I’m thankful that if someone could break into my account that couldn’t steal all my money. What they could do is sell my stocks or buy bad stocks that will definitely lose my money. This option is no better than having my money stolen. Would someone do something that horrible. Yes, they would!
Tell me your thoughts in the comments section on what you think about security. Have a good tip? Share it!
Be safe, secure and as always happy trading!