Old timer here..I learned ages ago if it's not backed up on a portable drive, then you're willing/going to lose it someday. (Of course, in the beginning I used floppies and then CD/DVDs when they became available.)

Now a days I download legal MP3's or rip my purchased CDs. ALL of these files are backed up on Portable drive. Hate to say it, but there isn't a company on earth that thinks we consumers actually own anything. As for cloud storage, those who trust it haven't been screwed yet, and yes, they think whatever you store there belongs to them.