Title | : | Is Your Money Safe If Schwab, Fidelity or Vanguard Fail | SIPC Protection |
Lasting | : | 18.07 |
Date of publication | : | |
Views | : | 324 rb |
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Aren’t your stock our shares filed with the SEC? How could sticks go missing? I mean now I’m seriously concerned Even with SIPC excess, Schwab has over 34m accounts If the SIPC excess coverage for Schwab is only $600m in total, most accounts are worthless Comment from : Michael North |
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I just came across your videos today and I am both very impressed and scared to death from the things I have learned Comment from : Michael North |
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What do you consider a large investor or investment? Comment from : Scott Miller |
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Good information Love the uptalk Comment from : AgPilot |
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Can u please clarify? I thought if I own a stock regardless if any of this brokerage firm crash, I still own the stock Do u mean ETFs or mutual funds manage by the brokerage companies that are included on the 500K SPIC? For example if I have 600K in stocks, ETFs and mutual funds, I am insured only for 500K? Comment from : East West Picayune |
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Of course, any insurance only works if the insurance company remains solvent If there's a widespread banking failure (ala 1929) will the FDIC/SPIC be around to bail out everyone? Doubtful These schemes only work if one or two banks/brokerages fail If the whole shebang goes down we'll all be selling apples on the street corner without being reimbursed for our long-gone cash & securities Comment from : Robert Wilson |
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Does SIPC insure options, like puts? If I buy puts as insurance on something, and the brokerage goes under, could those puts disappear? Comment from : beelzebob |
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Fidelity will not go broke, take it to the bank Comment from : J T |
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These financial firms don't house your money Your money is invested in securities You still own those securities So relax, sit tight, and ignore all the noise Comment from : Steve-0-0-7 |
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Thank you for the video, but what about asset segregation? Please see below "The securities in your account—including fully paid securities for stocks and bonds and excess margin securities—are segregated in compliance with the US Securities and Exchange Commission's Customer Protection Rule This is the legal requirement for all US broker-dealers Your segregated assets are not available to general creditors and are protected against creditors' claims in the unlikely event that a broker-dealer becomes insolvent" Comment from : SuperX zhang |
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What happens if the custodian of a Schwab money market fund goes bankrupt? Comment from : DoneDidDelicious! |
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I recently chose not to open a brokerage account at Schwab because Comment from : tangobayus |
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😅Thank you so much Comment from : Doris Martir |
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can the value of spxx loose principal? if you have $5k in spxx, can the $5k drop? Comment from : Geoff Boston |
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Thank you very much I appreciate this video Comment from : N B |
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Fantastic information!!! Thank you 😺 Comment from : Lee Withey |
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I only watched about 2/3 of the video, so apologies if this was covered & I missed it When Silicon Valley Bank went belly up, President Biden made everyone whole, including those who were over the FDIC/SIPC limits If that's correct, my 1st question would be why ? 2nd question, would he do the same thing for me ? brI have 3 separate accounts at Fidelity HSA: 27K - IRA: 82K - And a taxable brokerage account $1,017,00000 brIf Fidelity went belly up, would I be out $517,00000, or would President Biden make me whole, as he did for the depositors @ SVB ? Comment from : Steve |
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Now you’re scaring me I just moved my money out from the banks to these brokerages Comment from : Big Al |
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You made a point of saying that if we ended up being reimbursed in cash, it would be for the stock's value on "the date we filed our claim," as opposed to the date of the brokerage firm collapse If our stock was on the rise at the time of the brokerage firm collapse, and we wanted to try to time our claim for a better valuation, what is the timeframe for filing a claim? Comment from : filmbuff000 |
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Good stuff Thanks for sharing Comment from : American Exploring |
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But doesn't the DTCC actually own all stock that aren't DRSed with a transfer agent?brThe difference between actual and beneficial ownership might matter if a brokerage goes under, no? Comment from : Ask Why |
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so if i have funds at fidelity and my acciunt includes 200k in money market and another 200k in brokered cd's would that 400k be considered cash at the brokerage and therefor on;y eligible for the 250k insurance coverage (before considering the excess coverage)? Comment from : not done yet |
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This is great information as I have been wondering what happens to my investments should my brokerage company go bust Thankfully per this video my brokerage company is in great shape as far as SIPC Thank you Comment from : Ted Fisk |
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Actually very surprised that Vanguards excess coverage wasn't higher considering how enormous Vanguard's financial size is in the market Also, your video's are professional and easy to understand Nice job Comment from : sean e |
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Stocks you bought do not belong be schwab or fidelity Comment from : Michelle Ngo |
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Schwab is also a bank so does sioc still apply? Comment from : Inez Ascari |
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Banks fail because they lend out their depositors' money So how does a Broakerage fail? Massive, widespread Margin Calls their customers cannot meet? Comment from : Nofer Trunions |
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Does all this applies to a non-American investor? Comment from : piercoucy |
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Love your video Learned a lot It is possible you can make a video that can show us step by step how to claim from SIPC when the brokerage firm fail? Show us what to do when the brokerage fail Comment from : Henry Ng |
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If, they are aleady history They're just not telling the public Comment from : T Price |
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❤ Comment from : tony lastname |
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Excellent video Very helpful and your clarity is amazingthank you Comment from : Fubar Brandon |
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Are you a stock broker Comment from : James D Baxter |
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Really worried about Schwab Comment from : Native2458 |
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what i dont understand is that if i have 750K in Charles swchwabs and 250k is in cash and the rest are stock Will I get both FDIC and SIPC coverage? Comment from : Billy Hamlen |
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What can SIPC do if my assets have been re-hypothecated (used as collateral) From what I read SIPC can't recover assets the broker doesn't have Are my securities just numbers in a computer or are they actually in my name? The SIPC can't just create stock shares from scratch to "replace" them What if the brokerage fraudulently sold more shares than it actually has when it fails? Or what if my purchases haven't settled between the time I bought them, and the brokerage failed? Comment from : Placebo Gazebo |
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I am confused by the following email from Vanguard re: my Federal MM fund "Vanguard funds not held in a brokerage account are held by The Vanguard Group, Inc, and are not protected by SIPC Brokerage assets are held by Vanguard Brokerage Services, a division of Vanguard Marketing Corporation, member FINRA and SIPC" Shouldn't all Vanguard funds be protected be SPIC protected? Is the Vanguard Group Inc Separate and different from Vanguard Marketing Corp and therefore not SPIC protected? I would appreciate clarification on their email considering the present issue regarding safety of securities Thanks Paul Comment from : Paul Field |
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Excellent! The precise questions I was looking to be answered Comment from : Ron Ronald |
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What a natural teacher this gem is👍👍👍👍👍👍👍 She answers so many questions! Comment from : bonanzatime |
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I think Markus' Annual Evaluation is going to take a hit this year😉 Comment from : SHOOFLY |
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Hi! Are ETFS protected by SIPC? Comment from : Lore Diez |
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Would Rollover IRAs be treated like a traditional IRA for SIPC coverage? Comment from : devdatt oak |
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How are treasuries purchased from fidelity protected? Comment from : Bruce Williams |
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What happens if the US Treasury is incapable of paying off the Debt, as GDP dipps?brWhat will become of the Federal Reserve Note, when the BRICS Bucks show up?brJudging by the amount of Military Industrial Gusto invested in making Russia look bad,br Ammo and actual money do appear to become difficult to produce?brThe Almighty Fiat Currency could become redundant?brCapital as a measure of Value could cease to exist Comment from : Daniel Hutchinson |
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I've been looking for someone to explain this Thank you! Comment from : Check to Wealth |
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Thank you! Excellent explanation Comment from : Coach Dennis |
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Shortly after they Fail the world we once knew will be over Comment from : Joesph Reiley |
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This was helpful & clear Sorry if name icon comes up 2x Computer glitch we don't know how to fix Comment from : Stephanie C |
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What if you own more than 500k securities? Comment from : SH DMD |
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When you mention CASH, does this include Money Market Funds? If not, where do Money Market Funds fit in your video? Comment from : Romeo Martinez |
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Kind of a tangent but wondering about Sweep accounts at places like Fidelity when trying to find a balance between safety and return Hoping for suggested links, videos, comments, or whatever Thanks much! Comment from : Grant Mattox |
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If Run Comment from : RonSommar |
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Very timely Just what I need to know Thanks for sharing the info Comment from : JoAnn |
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Omg, who would have thought this would happen when you vote for big government (gasps in capitalism) Comment from : pbrown0829 |
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Don’t worry! The stock is insured The govt has plenty of printed money to give you…how much do you need us to print for you again? 😂😂😂😂 Comment from : Carleen Messina |
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Thank you I feel better now! Comment from : Charlie Naslund |
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AUST- do we have that here to protect against our brokers going belly up? Comment from : DifferentialTim |
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Jen, I called Fidelity TWICE ABOUT SIPC COVERAGE and TWICE (2 separate reps) said that ALL my accounts COMBINED WERE COVERED UP TO 500K No mention whatsoever of "separate capacity" I found your channel today and subscribed Thank you for your thorough dive in this and the clear explanations God bless Comment from : USAdaily |
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What are potential safer investments than money market funds with investment in government treasure bills when debt limit is not lifted by congress Comment from : Cub2 |
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Excellent video! What if you have a TDAmeritrade account and a Schwab account with $250K cash in each? Since Schwab bought TDAmeritrade would they still be considered separate accounts and insured for $500K or would it be capped at $250K total? Comment from : drewp4 |
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What would happen to TD Aneritrade when Schwab becamw insolventt? Comment from : fox ultrafeel |
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Would somebody please explain an example of what exactly is the definition of "cash"? If Money Market funds are not considered "cash", what is? Comment from : Tony Lieto |
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Really wonderful information Thorough, detailed, clear, easily to understand brMasterful presentation Greatly appreciated Comment from : myutube8x |
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Very enlightening video, There’s this woman I got in touch with during the 2020 lockdown which cost me my job Ms Norman Davis helped me manage my assets by introducing my to the best trading platform and strategies, I earned a lot of $$$ working with Norman at the comfort of my home I still keep in touch with the amazing lady Comment from : Lara Aniston |
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What if you have different account types with the same brokerage? Like an options account, a futures account, and a stock account? Would each be considered a separate entity? Comment from : Dennis W |
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Schwab bought TD Ameritrade a few years ago and they will be rolling those accounts into Schwab this year We are basically Schwab customers now Comment from : Dennis W |
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Thank you ! Very useful- and informative! Comment from : Jennifer Ning |
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I am a UK resident and therefore not a US citizen I hold shares of a major IT stock with Charles Schwab Will my investment be covered as an overseas investor? Comment from : khalid khan |
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Please understand that SIPC is not a federal agency, nor back stopped (currently) by the federal government This must be considered when buying US treasury bills,bonds or notes Comment from : Max Plank |
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You forgot to answer one of the most important questions of all: Who insures US treasury obligations when purchased through a brokerage, SPIC or the US government? Comment from : Max Plank |
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How about the cash in the stock accounts? Will SIPC cover this cash? Thank you for your video Comment from : Vision 20/20 |
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Wonderful Comment from : William Hornstein |
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Insurance or not, if there is a catastrophic crash, ain't nobody getting their money back! Comment from : Kendall Owens |
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I'm new to stock market /Crypto and would like to invest but I've go no idea on how to make good profits Pls what's the best approach you'd recommend? Comment from : John Edmund |
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just what I needed to know, thanks so much :) Comment from : Lambert Lorette |
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What do you think of the Schwab delay of rolling over the bills, 7 days delay, is that cash safe or can Schwab not roll it over at their discretion? Comment from : MIke T |
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Thank you so much for your clear information Comment from : Badger D |
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Totally understandable Thank you Comment from : Jerrys good stuff |
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Can Vanguard collapse? Comment from : Jay Chen |
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What about 1 trillion gummy bears protection Comment from : Say Please & Thank You |
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Excellent breakdownbrI’ve switched to cash in my 401ks - is that safe outside of inflation? Is it as if Fidelity has it in a bank setting or truly SPIC My fidelity is getting nearly no interest - how do I get the 4 going rate with no risk to principal? Thanks Comment from : audiotomb |
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Another great video Comment from : Robert |
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Thanks for the info, Comment from : Cramnomis |
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Great info, thank you As far as the big banks, they are all thieves and always have been But they will always be bailed out, and they know it Comment from : Pete N |
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I can't believe we're having this conversation again so soon after 2008 Comment from : S B |
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Is the $250K limit for cash total accounts or per each account?? Comment from : Johnny Botts |
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Great video thanks for the info! Comment from : Summerlin Realtor and Drone Pilot |
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Can’t seem to find any info on Schwab’s site if the TDAmerttrade account#s will remain the same when the accounts are transferred over to Schwab as a result of the buyout Anyone know? Comment from : Inquisitve m |
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Is Baird strong and stable? Comment from : Donna Clapp |
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Thank u so much for the great information u provide ❤ Comment from : Virginia San Miguel |
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Thank you thank you, your information and explanation was so clear and important to me 😊😊😊 Comment from : lucy wilson |
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I would have liked to have heard - what if I would invested in say a Vanguard utilities fund for instance which holds many stocks in different utility companies and Vanguard went under would SIPC reimburse the individual stocks or is my investment worthless because Vanguard went under I’m sorry to be picking on vanguard it just was the easiest way to illustrate Comment from : F Gee |
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One of the easiest to understand, most informative persons on YouTube I hope you are making good $$💵💰 from these videos! Comment from : Happy Harry |
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😂hahaha you're too f***ing funny!!!!brHa ha ha haha I'm great to know you're interested in spic Comment from : Juiliano Palagonia |
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How about my 401K through my employer? Will the SIPC cover the balance on my 401K if Fidelity goes belly up? Comment from : Elizabeth Burns |
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