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SIPC protection coverage
Old 08-20-2019, 08:46 AM   #1
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SIPC protection coverage

As many here have significant assets held at various brokerages, etc., do you monitor your account balances as they grow and take steps to stay within the SIPC limits for loss protection? How often?

https://www.sipc.org/for-investors/i...tiple-accounts

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Old 08-20-2019, 09:34 AM   #2
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Having read your link, I have 3 accounts that qualify as separate and 2 are pushing the limits. I never really thought about the SIPC coverage for these accounts, and all are with Vanguard. I am not sure that this knowledge will change the decisions on where to invest.

Best to you,

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Old 08-20-2019, 09:36 AM   #3
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Generally, folks shouldn't have to worry about SIPC limits. The major brokerages carry additional insurance in excess of SIPC limits.
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Old 08-20-2019, 12:25 PM   #4
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Quote:
Originally Posted by njhowie View Post
Generally, folks shouldn't have to worry about SIPC limits. The major brokerages carry additional insurance in excess of SIPC limits.
Good to know.

What if things go majorly "haywire"? I'm wondering if it might make sense to keep accounts below SIPC limits?

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