Having money spread around in more than one account could be categorized as insurance. Which begs the question, what are you insuring against? A few things mentioned include cyber, power outages, and account lockouts. Another, not mentioned so far, is an inability to trade. If you need to sell something in order to gain liquidity, and markets are closed....well. You might wish you had some money in a bricks and mortar FDIC bank.
Apparently one of the longest shutdowns of the New York Stock Exchange was 4 months. It was more than 100 years ago, and certainly an outlier - but isn't insurance to protect against outlier scenarios? See the link below.
https://www.finaeon.com/stock-market-closures/
Apparently one of the longest shutdowns of the New York Stock Exchange was 4 months. It was more than 100 years ago, and certainly an outlier - but isn't insurance to protect against outlier scenarios? See the link below.
https://www.finaeon.com/stock-market-closures/
Statistics: Posted by like2read — Thu Sep 18, 2025 1:12 pm — Replies 75 — Views 6445