Extremely Simple Stock Question

Discussion of the Stock portion of the Permanent Portfolio

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Smith1776
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Re: Extremely Simple Stock Question

Post by Smith1776 »

stuper1 wrote: ↑Sat Apr 11, 2020 11:21 pm Ok, so if I had a $2 million PP held at Vanguard, where 3 of the four assets were Vanguard mutual funds (stocks, bonds, cash) and the fourth asset was $500,000 in a gold ETF, does this mean that my entire $2M is safe against financial shenanigans?
Reasonably safe, but I'd hold at least a modicum of gold in physical form.
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jhogue
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Re: Extremely Simple Stock Question

Post by jhogue »

Fidelity's insurance coverage is detailed here:

https://www.fidelity.com/trading/faqs-about-account

1. Fidelity accounts have SIPC coverage up to $500,000.
2. Fidelity carries excess of SIPC with Lloyd's of London.
3. Note the limitations of coverage. SIPC does not insure precious metals, options, annuities, etc.
“Groucho Marx wrote:
A stock trader asked him, "Groucho, where do you put all your money?" Groucho was said to have replied, "In Treasury bonds", and the trader said, "You can't make much money on those." Groucho said, "You can if you have enough of them!"
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