Oh please. Robinhood is FDIC insured. Your dumb mattress is not. Go eat some pudding old man.
Only if you use Robinhood (not that I'd recommend it ..) for your online banking.
Investment funds are not FDIC insured.
Oh please. Robinhood is FDIC insured. Your dumb mattress is not. Go eat some pudding old man.
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FDIC is for banks. SIPC is for investment account protection.
FDIC only insures up to a certain amount. If you have big bucks, you could lose all that. No need to be an @$$ when responding to someone.
“Robinhood is FDIC insured”
bullshit ... only robinhood cash sweep accounts deposited in banks that are FDIC banks are FDIC insured ... for all other securities (except digital coin) robinhood has private insurance through a non-governmental insurance company called SIPC ...
First of all Robinhood is not FDIC insured maybe privately insured and secondly I was joking about the mattress, but if you want to put all your money into something that is open to hacks, go ahead. It’s your money. It’s like Bitcoin...worth a lot today, worthless tomorrow. As for keeping your cash on hand, it is a smart thing to do these days. 3rd my mattress is insured with my 9mm and 380. 4th, I’m not an old man.