SIPC
SIPP INDUSTRIES INC NEW
stock OTC

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The downside is securities loaned out aren’t SIPC insured which only matters if your brokerage goes out of business. If you use a reputable brokerage you will most likely be fine but my limited experience is you don’t make enough money for it to have any significance.

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I think some amount of money in a brokerage is protected by SIPC, right? Don't know if this would apply to hacking of the brokerage firm.
To answer your question my brokerage emails me statements and they just sit in my email. I think the odds of both of those things being hacked and deleted are pretty slim, my password security is good, I use two factor for everything important, and those services are also fairly secure and separate (email and brokerage being the services).
For me, there's enough fail-safes and I'm confident enough in my basic security practices to not even worry about downloading them, but I guess I might start doing it every now and then just to be extra safe.
TLDR I don't worry about it.

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Fellow Redditors may offer an opinion on investments. Fidelity doesn’t endorse any of the expressions, opinions, or content posted by non-Fidelity members or any third parties on  r/fidelityinvestments. Do not rely on comments to form the basis of an investment decision.
Always make sure to do your due diligence before investing. Remember to look for the “Community Care Representative” flair to make sure it’s us.
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There's zero reason to choose a HYSA over a CMA, imo. Your core position can't be FDLXX if you want it to auto-liquidate/sweep. You can either choose SPAXX or the FDIC Sweep program. FDIC is maybe 1.8 or so and spax is in the mid-3s lately. FDIC Sweep gives you FDIC insurance which is...I guess something. Without it you just have the SIPC backing, but if either of those become a player, you're probably headed to the soup line anyway.
I use a CMA for basically all of my "real" banking, and keep a local bank for handling in-person transactions or cash ones or whatever. I keep a SPAXX "buffer" in there and put everything else in the account (which is basically my liquid cash) into short term treasuries.
You could also just buy FDLXX and sell as necessary if you want to, but that's a manual transaction you'd have to make.

This has been removed for violating rule #7: **no personal attacks or trolling**.
Remember your Reddiquette. Be kind to each other.
*Fidelity Brokerage Services LLC, Member NYSE, SIPC*

This has been removed for violating rule #7: **no personal attacks or trolling**.
Remember your Reddiquette. Be kind to each other.
*Fidelity Brokerage Services LLC, Member NYSE, SIPC*

This has been removed for violating rule #7: **no personal attacks or trolling**.
Remember your Reddiquette. Be kind to each other.
*Fidelity Brokerage Services LLC, Member NYSE, SIPC*

This has been removed for violating rule #2: **limit discussion of securities and investments**.
Thanks for your post seeking investment advice or discussing specific securities. Please keep all conversations about portfolios and specific investments in our monthly discussion post.
Fellow Redditors may offer an opinion on investments. Fidelity doesn’t endorse any of the expressions, opinions, or content posted by non-Fidelity members or any third parties on  r/fidelityinvestments. Do not rely on comments to form the basis of an investment decision.
Always make sure to do your due diligence before investing. Remember to look for the “Community Care Representative” flair to make sure it’s us.
*Fidelity Brokerage Services LLC, Member NYSE, SIPC*

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This is misleading. If the brokerage goes bankrupt, the individual’s share ownership is the individual still owns the shares. Fully paid securities (shares you own outright, not on margin) are segregated from the broker’s own assets. Individuals don’t rent shares from the brokerage. Also most large brokers (like Schwab, Fidelity etc) are SIPC members (Securities Investor Protection Corporation) In the rare event a broker-dealer fails and customer assets are missing (due to fraud or insolvency), SIPC protects cash and securities up to $500,000 per customer, including a $250,000 limit for cash.

This has been removed for violating rule #2: **limit discussion of securities and investments**.
Thanks for your post seeking investment advice or discussing specific securities. Please keep all conversations about portfolios and specific investments in our monthly discussion post.
Fellow Redditors may offer an opinion on investments. Fidelity doesn’t endorse any of the expressions, opinions, or content posted by non-Fidelity members or any third parties on  r/fidelityinvestments. Do not rely on comments to form the basis of an investment decision.
Always make sure to do your due diligence before investing. Remember to look for the “Community Care Representative” flair to make sure it’s us.
*Fidelity Brokerage Services LLC, Member NYSE, SIPC*

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This has been removed for violating rule #2: **limit discussion of securities and investments**.
Thanks for your post seeking investment advice or discussing specific securities. Please keep all conversations about portfolios and specific investments in our monthly discussion post.
Fellow Redditors may offer an opinion on investments. Fidelity doesn’t endorse any of the expressions, opinions, or content posted by non-Fidelity members or any third parties on  r/fidelityinvestments. Do not rely on comments to form the basis of an investment decision.
Always make sure to do your due diligence before investing. Remember to look for the “Community Care Representative” flair to make sure it’s us.
*Fidelity Brokerage Services LLC, Member NYSE, SIPC*

This has been removed for violating rule #2: **limit discussion of securities and investments**.
Thanks for your post seeking investment advice or discussing specific securities. Please keep all conversations about portfolios and specific investments in our monthly discussion post.
Fellow Redditors may offer an opinion on investments. Fidelity doesn’t endorse any of the expressions, opinions, or content posted by non-Fidelity members or any third parties on  r/fidelityinvestments. Do not rely on comments to form the basis of an investment decision.
Always make sure to do your due diligence before investing. Remember to look for the “Community Care Representative” flair to make sure it’s us.
*Fidelity Brokerage Services LLC, Member NYSE, SIPC*

I thought opening a US investing account from India would be straightforward, but the reality was way more frustrating than the glossy invest in US stocks ads suggest. Here's what I wish I had checked before jumping in:
Broker partnership: You are not opening an account directly with NYSE/NASDAQ. Indian apps partner with US‑registered brokers. Make sure the broker is SEC‑registered and covered by SIPC insurance.
LRS paperwork: Every remittance abroad goes through RBI's Liberalised Remittance Scheme. That means filling out A2 forms, declaring purpose codes, and paying outward remittance fees. Some platforms automate this, others make you run to the bank branch.
Currency conversion costs: Banks add a markup (often \~1%) when converting INR to USD. That is a hidden drag on returns before you even buy a stock.
Fee structure: Some brokers charge flat fees per trade, others take a percentage cut. If you are buying fractional shares worth $20, a flat $3 fee is a killer.
Taxation rules: Dividends face 25% US withholding tax. Capital gains are taxed in India (12.5% long‑term, slab rate short‑term). You need to file Form 67 to claim DTAA credit. Miss this, and you’ll lose money to double taxation.
Withdrawal costs: Selling US stocks leaves you with USD cash in the clearing broker's account. Bringing it back to India triggers telegraphic transfer fees ($5–$11 flat). Frequent small withdrawals are a disaster.
The most frustrating part for me was realizing that even after the trades went fine, the hidden banking layers, remittance fees, conversion markups, TT charges, ate into my returns more than the market volatility did.
TL;DR: Before opening a US investing account, check the broker's US partner, LRS process, conversion markup, fee model, tax handling, and withdrawal charges. Otherwise, you will spend more time fighting the system than picking stocks.