Today TaxMama hears from Mike in New York City who wants to know. “Is online investing safe for buying CDs, Money Market accounts, or an IRA based CD?”
Dear Michael,
It’s as safe any offline investing.
If you pick the wrong company, you will lose your money. If you pick reputable companies, you won’t.
So be sure not invest online with anyone you’ve never heard of.
And remember, you can find answers to all kinds of questions about online shopping and other tax issues, free. Where? Where else? At TaxMama.com.
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