Today I’m talking about the current banking crisis.
Why?
Silicon Valley Bank (SVB) and Signature Bank were the 2nd and 3rd largest bank failures in history, respectively.
In addition to explaining how we got here and why these banks collapsed…
…I’m answering three (3) important questions that retirement investors are asking.
Key Takeaways
- Is this a repeat of 2008/2009?
- Is your money safe? Should you be worried that your bank is next?
- What about cash in your investment accounts? Is that protected?
If you’re ready to understand what this banking debacle means and what to do in response, today’s episode is for you.
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Episode Resources
- Subscribe to the Stay Wealthy Newsletter! 📬
- Where $5 Trillion in Government Stimulus Money Went [NYT]
- Largest Bank Failures in History [Visual Capitalists]
- SVB is Bankrupt: What Really Happened [Cullen Roche]
- Two Worlds [Morgan Housel]
- Fidelity Treasury Money Market Fund [FZFXX]
- Fed Funds History [Forbes]
- MaxMyInterest:
