With the happenings going around the Banking sector, is it safe with the brokerage accounts ? I am holding my accounts with IBKR and Fidelity. What do you feel ? Both of them claim to be FDIC insured. How do we confirm.
Everything is safe until it is not. Split your money between banks so you don’t lose everything at once
The only real thing where you don’t need to trust anyone is Bitcoin. Take self custody. Banks are so outdated where we have to put our money and pray that they will return.
There's a reason people don't do self custody lmao. This is Like suggesting to keep your money under your mattress
Sure. Please use banks and continue to pray god that they will return your money.
Fidelity has more than 2 trillion aum. FDIC insurance is upto 250k atleast. Svb was an anomaly. bad risk management, bad communication by ceo and just bad luck
I don't think many hold hash in brokerage over 250k. Main question is for securities. SiPC provides 500k of coverage
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This is dumb