> 1 million in single brokerage account?
Should I worry about it to put millions of assets in single brokerage account like vanguard? Don’t feel like to manage multiple brokerage accounts. But SIPC has limits :)
No point in worrying. If one of the big brokerages like Vanguard/Fidelity/Schwab go bankrupt getting your $1M back will be the least of your problems Also you can buy t-bills and increase your SIPC protection since they’re assets and not cash
You never put all your eggs in one basket. I have divided it in all five. Fidelity, Schwab, vanguard , Robinhood, and etrade.
Yep, I have mine split up such that securities are under 500k per account. Most brokerages have additional insurance too. Don't get beaten up about it too much, if vanguard goes under I would say we have bigger problems.
As long as it’s not robinhood - it’s fine. Usually chase and others offer higher privileges with high value. They will give you a single point of contact for your needs etc.
If Vanguard goes under, all your assets will be worthless even if you spread across multiple brokerages.
Following
You can enable notifications without commenting
Thanks for the tip