What is up with SCHW?
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What is up with SCHW?
The fat lady may be singing.
Bank stocks crashing though all deposits are backstopped. Hysteria.
In general the banking sector is actually very safe, though the madness of crowds wins out over logic in times like this
All in on KRE!
Bought FRC at average of $21 between halts. Praying the momentum holds
bought some SCHW at $49.556
Got some SPY at 381.91
And some F at 11.50
C at 45.43
PFE at 40
I'm boring though. All the excitement is at the slightly risky banks.
just received a check from a client over the weekend
drawn from an SVB account
sigh
so far, it's deposited
anyone else get a don't panic email from your financial institution?
I would laugh if they actually said “Don’t panic.”
Prevailing wisdom seems to be that most average consumers aren’t paying enough attention or drawing the immediate conclusion that your normal local or regional FI is going to meet the same fate, so better not to advertise the possibility.
Besides... who the fuck keeps more than $250K in their checking/savings account? :confused:
Includes CDs. If joint account, covered to $500k...at least that is what my CU told me.
SCHW is probably struggling with new deposits and capital with SF struggle. I’m guessing trading is way down
Basically $250K per ownership type, so your $250K personal mad money account is separate from the $250K each joint account, plus you can make beneficiary accounts and add another $250K per beneficiary. Plus IRAs.
If anybody is looking for more insurance you can add me as a beneficiary, just PM me. I’ll send you my name and address… should be all they need. Happy to help the old, sick, and rich among us.