Let's say you have $2m in taxable. To optimize your SIPC coverage, you would have to spread that over four brokerages to get the $500k coverage per account.
At $3m you'll need 6 brokerages, etc.
At some point you'll just straight up run out of trustworthy brokerages to store your equities.
Any thoughts on how to deal with this? Or is there no solution, you just have to deal with the risk?
At $3m you'll need 6 brokerages, etc.
At some point you'll just straight up run out of trustworthy brokerages to store your equities.
Any thoughts on how to deal with this? Or is there no solution, you just have to deal with the risk?
Statistics: Posted by Helium — Sun Dec 01, 2024 8:37 am — Replies 8 — Views 131