Mike Milligan explains how to protect your money in a downturn without counting on government bailouts. Use FDIC insurance, SIPC protection for brokerages, state guarantee funds, and credit unions. A personalized plan that manages market risk beats hoping for a federal rescue.
Uh, Gary, there are safeguards that have been put in when, uh, when economic calamity happened. The FDIC was put in as a result of the Great Depression. The Security Investment Protection Corp was put in when brokerage companies lost money during the Great Depression. Uh, state insurance guarantees are out there to protect you. But I'm telling you guys, when you depend on the federal government to bail you out, That is a world of hurt. The best way you can prevent calamity or financial catastrophe in your life is not to depend on a system, but depend on a financial plan that is all about you. Now, we'll still operate within those systems, within the FDIC, SIPC, State Insurance Guarantee Fund, credit unions. We'll manage risk appropriately for that money that goes up and down in the market.
How to evaluate AI growth stocks (Nvidia, Oracle, CoreWeave) beyond market hype
How to evaluate AI growth stocks (Nvidia, Oracle, CoreWeave) beyond market hype
