Is just cash covered up to 250k limit ? Edit: removed question about stocks as they do g need insurance #personalfinance #robinhood
No insurance for stocks. Cash. Stocks are volatile assets and are not ensured by FDIC—ever.
Sipc
Stocks are yours, they don’t need to be insured. You won’t lose them. Clearing company has a record of your ownership
Thanks for clarifying
No insurance for stocks. Best to get out of rh though for safety
FDIC is for banks. You are looking at SIPC. SIPC is for securities and I believe the limit is $500k.
Note that the $500K SIPC is for anything not covered by the brokerages collateralized assets. Using any registered broker in the US is extremely safe even if the company itself is shaky.
Y’all are super dumb, that shows why no one knows about Robinhood but just have a sheep hating mindset. One google search will tell you this. Cash is insured upto 2 mill
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