Silicon Valley Bank Run and What Matt is Doing

If you have cash at Silicon Valley Bank or any other bank, listen up!
Diversifying your holdings across multiple banks is NOT the answer. The only near fail-proof financial institution is a brokerage firm like Schwab or Fidelity. Move your non-working capital into a brokerage account and purchase US Treasuries for a safer investment. Don't wait until it's too late. Stay safe!
#financialadvice #investingtips
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RELATED RESOURCES ✨
- Bank versus Brokerage: docs.google.com/document/d/1p...
CHAPTERS 📖
00:00 Intro
00:29 "Too Big To Fail"
01:43 Benefits of Brokerage Firm
04:30 Commercial & Excess Assets
5:48 The Safest Places for Assets
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- About Matt: en.wikipedia.org/wiki/Matthew...
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- Video edited by: / medleysmind
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[@guboluka]

Brokers have to hold their clients' assets segregated from their own funds. But the clients' funds ($) are still with the bank (fiduciary account), and if that bank fails the broker will also "fail" - that is why Lehman Brothers had such an impact as a lot of hedge funds and brokers had accounts with them. The best option is to buy short term government bonds (treasury bills) or high quality (at least A+ rated) commercial paper (1-12 month corporate bonds) held with a reputable broker that does not have a banking arm.