Money Investing megathread extravaganza - Page 887

**DaFace** · 06:35 PM

A place to talk about investing stuff.

**Buehler445** · 03-10-2023, 04:05 PM

Quote:

Originally Posted by BigBeauford

Christ, I've been saying Billion, it's million not billion. Sorry for the accidental hyperbole.

That makes a little more sense. Not sure it changes the level of horrible.

Jenson71 · 03-10-2023, 04:06 PM

That is some really interesting data on that chart. I wish I could find that somewhere where I can see it.

**DaFace** · 03-10-2023, 04:31 PM

Apparently my work banks with them as well. That's...less than ideal.

Not sure the extent to which we have funds there, but they're at least in the portfolio.

**DaFace** · 03-10-2023, 04:54 PM

Actually, as I dig around a bit, I think they're mostly an investor rather than our "bank." So we're in the assets column rather than the deposits column. Still, could get interesting to see how that plays out.

seamonster · 03-10-2023, 05:52 PM

How many other banks are in the same death spiral? SVB weren't the only ones parking their assets in long term bonds.

UteChief · 03-10-2023, 07:09 PM

Quote:

Originally Posted by Buehler445

Holy ****.

That is MUCH more than I have uncovered.

That makes me want to puke just thinking about it. And I can’t wrap my head around 50B.

****.

Why don’t you open a cash management account with Fidelity? They layer your deposits across multiple institutions and its FDIC insured up to $3mm. And the rate (4.22%) is probably higher than your banks.

**lewdog** · 03-10-2023, 07:15 PM

Quote:

Originally Posted by BigBeauford

Christ, I've been saying Billion, it's million not billion. Sorry for the accidental hyperbole.

Jesus dude.

Go back and edit all your posts now!

UteChief · 03-10-2023, 07:17 PM

Quote:

Originally Posted by seamonster

How many other banks are in the same death spiral? SVB weren't the only ones parking their assets in long term bonds.

Probably not too many. SVB balance sheet was made up of a high a percentage of long term, low yield assets.

Hog's Gone Fishin · 03-10-2023, 08:38 PM

I just bought 10 shares of QYLD because of all this mayhem. Must save myself!

**Buehler445** · 03-10-2023, 11:26 PM

Quote:

Originally Posted by SLC.Joe

Why don’t you open a cash management account with Fidelity? They layer your deposits across multiple institutions and its FDIC insured up to $3mm. And the rate (4.22%) is probably higher than your banks.

I’m setting up a similar deal with a different outfit, but I haven’t finished it yet. I’ll definitely look into Fidelity though, thanks.

**lewdog** · 03-11-2023, 07:46 AM

Makes you wonder if you should have all assets over $250k separated into different accounts/institutions to protect from something like this. I've always been told no, it's not needed, however..............

ChiefRocka · 03-11-2023, 09:09 AM

Just read that FDIC has enough on the books to insure about 1.3% of ALL current US deposits or about the size of all SVB.

**lewdog** · 03-11-2023, 11:02 AM

Quote:

Originally Posted by ChiefRocka

Just read that FDIC has enough on the books to insure about 1.3% of ALL current US deposits or about the size of all SVB.

Source or link?

ChiefRocka · 03-11-2023, 02:44 PM

Quote:

Originally Posted by lewdog

Source or link?

https://twitter.com/gaborgurbacs/sta...845079555?s=21

**DaFace** · 03-11-2023, 03:10 PM

Quote:

Originally Posted by ChiefRocka

Just read that FDIC has enough on the books to insure about 1.3% of ALL current US deposits or about the size of all SVB.

I fail to see the issue here. It's not like insurance companies have the funds to pay out every policy at once.

06-27-2016, 11:23 AM
DaFace Kind of a mod Join Date: Aug 2005 Location: Donkey Land Casino cash: $76899	Investing megathread extravaganza A place to talk about investing stuff. Last edited by DaFace; 02-19-2021 at 06:35 PM..
Posts: 52,542

03-10-2023, 04:06 PM	#13292
Jenson71 fides quaerens intellectum Join Date: Oct 2003 Location: United States Casino cash: $8330900	That is some really interesting data on that chart. I wish I could find that somewhere where I can see it. Last edited by Jenson71; 03-10-2023 at 04:59 PM..
Posts: 15,986

03-10-2023, 04:31 PM	#13293
DaFace Kind of a mod Join Date: Aug 2005 Location: Donkey Land Casino cash: $76899	Apparently my work banks with them as well. That's...less than ideal. Not sure the extent to which we have funds there, but they're at least in the portfolio.
Posts: 52,542

03-10-2023, 04:54 PM	#13294
DaFace Kind of a mod Join Date: Aug 2005 Location: Donkey Land Casino cash: $76899	Actually, as I dig around a bit, I think they're mostly an investor rather than our "bank." So we're in the assets column rather than the deposits column. Still, could get interesting to see how that plays out.
Posts: 52,542

03-10-2023, 05:52 PM	#13295
seamonster Veteran Join Date: Oct 2010 Casino cash: $4825409	How many other banks are in the same death spiral? SVB weren't the only ones parking their assets in long term bonds.
Posts: 4,237

03-10-2023, 08:38 PM	#13299
Hog's Gone Fishin Fish are scared of me Join Date: Nov 2001 Casino cash: $-119523	I just bought 10 shares of QYLD because of all this mayhem. Must save myself!
Posts: 40,651

03-11-2023, 07:46 AM	#13301
lewdog Mod Team Join Date: Sep 2011 Location: Valley of the hot as **** Casino cash: $-18100	Makes you wonder if you should have all assets over $250k separated into different accounts/institutions to protect from something like this. I've always been told no, it's not needed, however..............
Posts: 46,146

03-11-2023, 09:09 AM	#13302
ChiefRocka Veteran Join Date: Feb 2012 Location: DE Casino cash: $9755019	Just read that FDIC has enough on the books to insure about 1.3% of ALL current US deposits or about the size of all SVB.
Posts: 3,819