FDIC vs. SIPC: What You Need to Know Now About Protecting Your Assets
In the midst of the financial tumult caused by the COVID-19 crisis, youโre probably thinking a lot about whether or not your investments and assets are protected. Hereโs what you need to know,ย for both deposit accounts and brokerage accounts. Two Categories of Risk You already know that when youโre placing your money with any financial institutionโwhether depositing cash in your bank or purchasing investmentsโthereโs inherent risk. Itโs important to be able to distinguish between two high-level types of risk. (Of course, there are a number of other types of risk that come with managing your finances and investing, but weโre Read More