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I'm no specialist in the topic, but AFAIK you're insured for monetary funds held in a brokerage account. Stocks themselves don't need insurance from the broker
by rmbyrro 4y ago
I'm no specialist in the topic, but AFAIK you're insured for monetary funds held in a brokerage account.
Stocks themselves don't need insurance from the brokerage, as they're in custody somewhere else. Depends on the country, I presume.
What I meant is there's no insurance against the company you own going bankrupt. If you buy Tesla and it goes south, nobody will rescue your funds.