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