> Bank local! If you want to speculatively invest, that's fine. But keep some money in a local bank so that you can pay your bills next month. Hmm, shouldn't y

> Bank local! If you want to speculatively invest, that's fine. But keep some money in a local bank so that you can pay your bills next month. Hmm, shouldn't you also consider having accounts in multiple banks, even if they're relatively local ones? For example, in my country there's two banks that I guess are the most popular ones: SEB and Swedbank. While they both have a history of being reliable, it's not unheard of that people's bank details might be compromised, breaches happen, or outages/cyber attacks that might disrupt/slow down service in whatever capacity. While a part of these factors might not be applicable to people who practice good information security, it's not like you cannot write them off entirely. Furthermore, I do think that there was a bank that actually went bankrupt a number of years ago, people couldn't access all of their funds etc. So treating banks like any other system - where avoiding a single point of failure might just be worth it in the face of significant consequences should anything bad happen, seems like the right thing to do. Then again, one might also just buy gold and bury it in their back yard (provided that they own the land), depending on what their risk tolerance is towards certain events. Not even kidding about this. If you can diversify your investments, doing the same for where/how you store your money or other assets just seems smart, even if a bit cumbersome.