Quote:
Originally Posted by TwistedChief
Of course you should. Absolutely. Though if you choose to do it, you’re likely safer with a Chase, Citi, or BOA.
And guys, re: the 1.3%. You do realize that during the largest financial crisis of our lives no depositors whether insured or uninsured lost money, right? Despite several hundred bank failures? There are assets against these bank deposits. And banks are so much more heavily regulated now than they had been (though a former unnamed president watered down regulations for smaller banks).
This SVB situation is super niche. They just did every stupid thing you could’ve done given their structure. Total mismanagement.
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I’ve actually kind of done this over the past few years anyway without really thinking about it. I’ve had people tell me, just put it all together so it’s easy to track! Bitch, that’s what spreadsheets are for!
I have our investments spread between Vanguard, T Rowe Price and TD Ameritrade. Our liquid cash is between US Bank and Chase.
Thanks for your info on this.