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Because the set of events that could "wipe away" your (reasonably-intelligently diversified) assets has a large intersection with the set of events that could "
by fancyketchup 11y ago
Because the set of events that could "wipe away" your (reasonably-intelligently diversified) assets has a large intersection with the set of events that could "wipe away" your saving account in a bank. Things like nuclear war, global pandemic, etc.
Yes, the FDIC does insure savings accounts, but that's only useful so long as the FDIC exists.
- Laaw 11y agoI don't agree! I think much worse things would have to happen to dissolve the FDIC than would have to happen to lose a significant portion of your investments in the bond/stock/real estate markets.