What Happens When Your Investing Brokerage Fails?

Do you lose your investments? What investments have protection and what kinds don't? How much money can we have invested and know it's protected? Let's find out!
⏱Handy Timeline:
0:00 Intro
0:37 1. When a broker goes out of business
1:36 2. Who helps if all else fails?
2:14 3. When they help us
2:24 4. How to ask for help
2:50 5. What investments are protected?
7:53 6. How much money?
9:01 7. What about multiple accounts?
11:16 8. Multiple of the same kind of account?
12:31 9. These events are NOT covered
13:36 10. Financial advisors- NOT covered
15:22 11. SIPC vs FDIC
15:59 12. What WE can do
16:42 13. Is your broker covered?
17:55 14. My class
18:16 15. Secrets
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Disclaimer: Any financial or investing-related topics discussed on this channel are not from a professional investment advisor and are not financial advice for you. This is for entertainment and inspirational purposes only. My opinions are not reflective of the companies mentioned in the video. Also please know that many of the links I have in video descriptions like this one are affiliate links which means I may be compensated by the company whom you do business with at no extra expense to you. Thank you for your support!
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^This doesn't mean I was paid to make this video, it means I have an affiliate relationship with the company which allows me to make money from you using my links to sign up for services.

[@michaelyoung2188]

I'm really enjoying these educational episodes. I don't know if you are planning a way to the these together somehow. Or if you can do a series that are related.

[@user-pf7oq9bk9o]

Brendan, can you make a video explaining whether M1 is at risk of experiencing a similar fate as Yotta?

[@BrendanEvan]

We have no way of knowing as far as I understand

[@miket.8289]

What about Wealthfront?

[@mere_cat]

That sounds impossible. Does M1 use Synapse?

[@miket.8289]

Is Wealthfront at risk?

[@BrendanEvan]

That’s not something we can predict without having access to the inner workings of the company and its partners AND the expertise to interpret what’s happening there to predict future problems. TLDR: no one actually knows what is and isn’t going to go wrong next

[@michaelyoung2188]

Not exactly on topic. It seems like you are publishing more frequently. Have you thought of a weekly schedule? Monday, Beginners (what is a dividend, and why should I care?) Tuesday, Interesting stocks, ETF, investment, etc Wednesday, How is my account doing? (maybe guest accounts or a paper account) Thursday, Do this, don't do that. Investment lessons. Friday, Wildcard!

[@notxasj]

🐝🐝🐝🐝