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Safety of Schwab money fund SWVXX
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After the run on SVB bank and others. Please explain to me the safety we have in money fund and cash investments in Investments at Schwab / TD AMERITRADE.
Had put quite a bit of cash money funds because of the higher pay out. Is that cash safe if it’s in schwab’s internal fund SWVXX?
Explain how the insurance works. It’s my understanding $250,000 for cash and $250,000 for portfolio. Definitely not enough protection for investors with more than $500,000 at a broker.
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- 1 year ago
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