So where can I store ICO tokens that are built on Ethereum ERC20 Tokens
I know of Myetherwallet but its confusing to me.
I know you can send the ErC20 tokens to any Ether wallet, but where would i see the breakdown of how many I have in a wallet?
For beginners myetherwalet is more than enough. Bear in mind that your wallet is not actually on their site, their website is just a gateway through which you create a wallet. Therefore you can do the safest thing and use it as a cold storage paper wallet.
I think Ledger Nano-S can hold ETH based tokens, but that's only if you're looking for something more advanced.