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#124. Are my bank desposits safe?
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What happens to Silicon Valley Bank customers and will this affect my cash?
What does the failure of Silicon Valley Bank mean? On 3/15/23, Aaron and Trishul answer client questions regarding the news about SVB. They discuss FDIC insurance and how some risk-free instruments are safer than other risk-free instruments. They address how specific regulatory and economic factors affected SVB and how they may or may not apply to other banks and money markets. In the end, SVB may be suffering the consequences of the risks they took on, but customers probably don't need to worry about losing any money.
Episode References
AI Copywriter
SIPC
SVB Weakens Risk
SIVB Stock
SVB Balance Sheet
SVB Relative Size
MaxMyInterest
US Reserve Requirement Ratio
Investopedia: Reserve Requirements
Did WaMu customers lose money?
Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.
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