
๐๏ธ Having your money in the bank gives you the illusion of protection, but there is something called INFLATION ๐ that devalues your money. But we know that if the bank fails we have the FDIC that can recognize up to $250K.โ
โ
๐ฅ But what happens when you invest your money?โ
โ
๐คทโโ๏ธ Your investments, besides giving you a higher return ๐ are backed by the Securities Investor Protection Corporation (SIPC), which in case of failure of any financial institution can cover up to $500K ๐ธโ
โ
Did you know that?โ
โ
#sipc #investing #bank #inflation