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re: Brokerage Risk / Diversification
Posted on 9/21/23 at 5:24 am to lynxcat
Posted on 9/21/23 at 5:24 am to lynxcat
For taxable mutual funds/ETFs, I only use 1 brokerage just for ease of management. Since I only withdraw from this account when I need to make a large purchase like a car or a house, no need to over complicate things. I don't want to have to pay too much attention to it since it's not for short term investing. I have other accounts for stocks/crypto/options.
For retirement I use 2, I have my Roth and my SEP in Capital Group (American Funds) and my 401K with Fidelity.
To be honest I don't even consider the SIPC for any of them because if a large mutual fund goes broke, we all have much bigger problems.
For retirement I use 2, I have my Roth and my SEP in Capital Group (American Funds) and my 401K with Fidelity.
To be honest I don't even consider the SIPC for any of them because if a large mutual fund goes broke, we all have much bigger problems.
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