No. of Recommendations: 10
"What Happens to Our Investments if Schwab, Fidelity or Vanguard Collapse?"
I happen to have accounts at all three. Not really by choice, more due to overly complicated US retirement account policies and general laziness. Maybe some forced risk reduction I guess.
I personally don't worry about SIPC limits. I place concerns of collapse of the major brokerage houses in the same pile as things like end of world disaster prep. If things get that bad any diamonds and gold buried in the back yard will not be all that useful. I feel my time is better spent enjoying life with a general awareness of the risks. If civilization crumbles then foraging, hunting and farming skills will have been the best investment.
Jeff
