Lions and friends…
I have covered this multiple times but I will here again.
Credit unions are safer than commercial banks.
Why?
Credit unions are not for profit, they do not take the risks that commercial banks do. With that, as with anything, there still is risk.
As for brokerages.
YES there is also risk! In theory, cash in brokerages is insured up to 500K. Obviously does not cover losses on investments.
ALWAYS perform your due diligence when deciding to put your cash in any institution.
GM
I have said many times that a rate cut will be coming and when it does, the market will fall so institutions can buy it up. Well, there is a high chance that if the market continues to fall through the end of the week into next, the market might already be baking in an emergency rate cut. If this is the case, and the market keeps falling without some kind of rebound, it may be time to start buying closer to the FED meeting, not during or after. A rate cut on the back of expanding war is stock market bullish, but a drop ensures that institutions can buy back in cheaper to hold for longer. It may very well be pricing it in right now.
See this book,
https://thegreattaking.com/
You think you own your stocks, bonds, property. WRONG!!
I encourage everyone to read this ASAP!