E288: SIPC Insurance – What It Is and How It Protects Your Brokerage Account cover art

E288: SIPC Insurance – What It Is and How It Protects Your Brokerage Account

E288: SIPC Insurance – What It Is and How It Protects Your Brokerage Account

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 If you keep money in a bank, you're probably familiar with FDIC insurance. It's that guarantee that keeps your deposits safe up to $250,000 even if your bank fails. But what about the money and investments in your brokerage account? That's where SIPC insurance comes in.
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In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.