Welcome to another edition of Finance University, where we explore all things finance with the goal of helping you understand and be educated about financial and economic topics.
Today Paul helps us understand what protection SIPC really offers to investors. The limit is $500,000 for assets and $250,000 for cash per account.
This offers some additional protections if multiple accounts are involved but Paul discusses that there are some details that matter, so be sure to pay attention to those if this is of interest to you.
Further, everything is only as good as the SIPC fund as compared against the potential losses. Everyone has to make their own assessment of that ratio. For my part, I am convinced that Congress would be nearly unable to provide the necessary bail-out funds should the SIPC be overwhelmed, but your assessment may be different.
As always, we hope you enjoy the show!
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