Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#16
|
||
|
||
Ask Schwab about their intelligent portfolio which was fined for false adverting about the intelligent portfolio product.
I have Schwab also and I am not happy with what going on with them . |
|
#17
|
||
|
||
If your bank doesn't have the ability to send text and or email alerts the instant there is a transaction on your bank or credit card account then find another one.
|
#18
|
||
|
||
Quote:
There is a simple solution: Pass legislation allowing banks to suspend payments to those requesting withdrawals by up to 30 days if necessary, perhaps with the bank paying a late-payment penalty. After all, if I bounce a check or fail to make a payment to my credit card bank, they aren’t going to throw me into bankruptcy. We should extend the same grace to banks. It would make our money safer. This money wasn’t pulled from SVB because it was needed, but only to keep from losing it. A grace period would have rescued all the creditors. |
#19
|
||
|
||
Many politicians had stock portfolios just before Covid hit. And then like magic, they were empty.
|
#20
|
||
|
||
Schwab does have a sweep account too. I called years ago asking about my money sitting in accounts and not invested since I was going to get out of the market. They told me how they have insurance beyond having fdic insurance. What Schwab told me assured me about how they handle the safety for your money.
For added security on your accounts, make sure you use 2 factor authentication for all your access, freeze your credit, and I even call Schwab to lock my accounts if I’m going on a cruise for example, so no access to any of my accounts can be touched. |
#21
|
||
|
||
I'm more concerned with the anti-business environment out government fosters. Schwab accounts are FDIC, and SPIC and also covered under Loyds of London. Your CD's are covered by the individual issuing banks FDIC insurance. Your investments in stock and funds are still invested. The only concern would be cash in excess of the FDIC amounts with schwab
Access Denied Charles Schwab’s Insurance Policy For Accounts Exceeding $500,000 | The Conservative Income Investor |
#22
|
||
|
||
Please feel free to explain to me what the situation is the OP is facing.
|
#23
|
||
|
||
Quote:
In addition to email alerts, look for a bank that allows you to temporarily “lock down” your accounts and credit cards. My brokerage accounts are always “locked down”. No outgoing transfers of any kind are allowed while locked down. If I want to make a transfer, I unlock the account, make the transfer then relock the account. The whole process only takes a couple of minutes. |
#24
|
||
|
||
Quote:
In "real" life, the market sold off for a few months but recovered as soon as the vaccines were developed. |
#25
|
||
|
||
Totally agree!
|
#26
|
||
|
||
Use only a FDIC insured bank.
Keep your total deposits less than $250,000. If you need to use two banks, or even three, do so. I can’t think of a bank in The Villages that’s not FDIC insured. Do those things and you have nothing to worry about other than your own investment decisions.
__________________
Politicians are like diapers--they should be changed frequently, and for the same reason. |
#27
|
||
|
||
I agree. That is why I closed my VISA credit card account at the PenFed credit union.
|
#28
|
||
|
||
Quote:
Zero risk. |
#29
|
||
|
||
Quote:
|
#30
|
||
|
||
Absolutely! I purchased $20K when rate was 9.6% in June, 2022 and another $20K the first week of January, 2023 ($10K each, spouse and myself). This was low-hanging fruit that I pounced on. For those with financial advisors, if they didn’t tell you to make these purchases you need to ask why. Perhaps because they didn’t want to diminish their AUM income?
|
Closed Thread |
|
|
Thread Tools | |