SIPC
SIPP INDUSTRIES INC NEW
stock OTC

I am old, have fidelity, firstrade, merril lynch....and robinhood.....I watched daily the gamestop saga and Robinhoods evolution.....I moved a few bucks to RH, and got the bank acct, c card, savings.......I am slowly moving to them....if fidelity etc....were this efficient and fast in their banking ecosystem, I would have moved by now, but RH is so much easier to trade, and move money, it is how banking should be, I have not deep dived into their financials yet, I will, but I feel like they are in touch with the future, and fidelity and such are holding on to ghosts of the past...........just my opinion....also fwiw, I opened a Roth in a few minutes, should have done it sooner, I really think they are the future......everyone says do not get to comfortable with the trading interface, but that type of person is going to fall for gaming style everything.....I am all in on RH. The SIPC corp insures up to 1/2 a million per customer of invested cash, and 1/4 mil for money sitting in account, right now that is good for me.....just opinions......

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Fellow Redditors may offer an opinion on investments. Fidelity doesn’t endorse any of the expressions, opinions, or content posted by non-Fidelity members or any third parties on  r/fidelityinvestments. Do not rely on comments to form the basis of an investment decision.
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*Fidelity Brokerage Services LLC, Member NYSE, SIPC*

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This has been removed for violating rule #2: **limit discussion of securities and investments**.
Thanks for your post seeking investment advice or discussing specific securities. Please keep all conversations about portfolios and specific investments in our monthly discussion post.
Fellow Redditors may offer an opinion on investments. Fidelity doesn’t endorse any of the expressions, opinions, or content posted by non-Fidelity members or any third parties on  r/fidelityinvestments. Do not rely on comments to form the basis of an investment decision.
Always make sure to do your due diligence before investing. Remember to look for the “Community Care Representative” flair to make sure it’s us.
*Fidelity Brokerage Services LLC, Member NYSE, SIPC*

I am old, have fidelity, firstrade, merril lynch....and robinhood.....I watched daily the gamestop saga and Robinhoods evolution.....I moved a few bucks to RH, and got the bank acct, c card, savings.......I am slowly moving to them....if fidelity etc....were this efficient and fast in their banking ecosystem, I would have moved by now, but RH is so much easier to trade, and move money, it is how banking should be, I have not deep dived into their financials yet, I will, but I feel like they are in touch with the future, and fidelity and such are holding on to ghosts of the past...........just my opinion....also fwiw, I opened a Roth in a few minutes, should have done it sooner, I really think they are the future......everyone says do not get to comfortable with the trading interface, but that type of person is going to fall for gaming style everything.....I am all in on RH. The SIPC corp insures up to 1/2 a million per customer of invested cash, and 1/4 mil for money sitting in account, right now that is good for me.....just opinions......

This has been removed for violating rule #2: **limit discussion of securities and investments**.
Thanks for your post seeking investment advice or discussing specific securities. Please keep all conversations about portfolios and specific investments in our monthly discussion post.
Fellow Redditors may offer an opinion on investments. Fidelity doesn’t endorse any of the expressions, opinions, or content posted by non-Fidelity members or any third parties on  r/fidelityinvestments. Do not rely on comments to form the basis of an investment decision.
Always make sure to do your due diligence before investing. Remember to look for the “Community Care Representative” flair to make sure it’s us.
*Fidelity Brokerage Services LLC, Member NYSE, SIPC*

This has been removed for violating rule #4: **do not use profanity**.
Remember that this is a community that's focused on investing education and Fidelity customer care. Please do not use profanity or obscene language.
If you remove the instance of profanity and let us know. We will re-approve, or you can repost it.
*Fidelity Brokerage Services LLC, Member NYSE, SIPC*

This was removed for violating rule #10: **keep posts within the scope of customer care, market news, or general investing discussion**.
The focus of this community is investing education and Fidelity customer care, including discussions about money movement, transfers, and trading. This sub is not intended to address inquiries that go beyond the scope of normal service.
Please consider if your question is one you’d ask to a Fidelity support representative. Off-topic posts may be removed.
*Fidelity Brokerage Services LLC, Member NYSE, SIPC*

This has been removed for violating rule #2: **limit discussion of securities and investments**.
Thanks for your post seeking investment advice or discussing specific securities. Please keep all conversations about portfolios and specific investments in our monthly discussion post.
Fellow Redditors may offer an opinion on investments. Fidelity doesn’t endorse any of the expressions, opinions, or content posted by non-Fidelity members or any third parties on  r/fidelityinvestments. Do not rely on comments to form the basis of an investment decision.
Always make sure to do your due diligence before investing. Remember to look for the “Community Care Representative” flair to make sure it’s us.
*Fidelity Brokerage Services LLC, Member NYSE, SIPC*

As long as you are using a reputable brokerage, going over the SIPC limits doesn’t really matter.
FDIC is different from SIPC. When you put money in a bank the bank takes your money and loans it out. Your money in that case gets commingled with the bank money, it literally goes on there balance sheet. So when a bank goes under, it goes under with your money, and FDIC backs stops that. I wouldn’t go over FDIC limit either. The difference with a broker is that our assets at Schwab or whatever broker you use is in a separate entity from the asset of the brokerage themselves. They cannot legally reach into your account to pay off their creditors, (same goes for funds offered by that brokerage, those are separate entities). Even if Schwab were to go under, unless they committed fraud and literally stole your assets, your assets would be untouched. This is why SIPC is less needed, because your assets are not commingled with the brokerage assets.

Not in the same sense I’m talking about. Schwab has a cash sweep for FDIC/SIPC coverage that earns like .01% but not a high yield sweep fund like Fidelity’s SPAXX.
There are technically exceptions to the rule (mainly having lots of money at schwab) but schwab discontinued their high yield sweep fund years ago, following legislature change on Money market funds, to most retail investors

Completely understand!
As far as safety concerns go, Fidelity has many safeguards in place to help protect customer accounts and assets.
There are also different types of coverage that may apply to assets held with us, which will vary depending on what you hold. For example, eligible brokerage assets are generally covered by SIPC, while certain bank deposits may be eligible for FDIC insurance. Money market funds are securities, so they would be SIPC-insured, up to the appropriate limit. The link I shared above goes into detail a little more on this.
As for moving your money over, there are several ways to deposit funds into your Fidelity account, including an Electronic Funds Transfer (EFT) or a bank wire transfer. The link below breaks down each method.
[Deposit Money Into Your Accounts ](https://www.fidelity.com/customer-service/deposit-money)
If you have questions about any of the methods or want help getting started, just let us know!

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*Fidelity Brokerage Services LLC, Member NYSE, SIPC*

This has been removed for violating rule #2: **limit discussion of securities and investments**.
Thanks for your post seeking investment advice or discussing specific securities. Please keep all conversations about portfolios and specific investments in our monthly discussion post.
Fellow Redditors may offer an opinion on investments. Fidelity doesn’t endorse any of the expressions, opinions, or content posted by non-Fidelity members or any third parties on  r/fidelityinvestments. Do not rely on comments to form the basis of an investment decision.
Always make sure to do your due diligence before investing. Remember to look for the “Community Care Representative” flair to make sure it’s us.
*Fidelity Brokerage Services LLC, Member NYSE, SIPC*

This has been removed for violating rule #2: **limit discussion of securities and investments**.
Thanks for your post seeking investment advice or discussing specific securities. Please keep all conversations about portfolios and specific investments in our monthly discussion post.
Fellow Redditors may offer an opinion on investments. Fidelity doesn’t endorse any of the expressions, opinions, or content posted by non-Fidelity members or any third parties on  r/fidelityinvestments. Do not rely on comments to form the basis of an investment decision.
Always make sure to do your due diligence before investing. Remember to look for the “Community Care Representative” flair to make sure it’s us.
*Fidelity Brokerage Services LLC, Member NYSE, SIPC*

This has been removed for violating rule #2: **limit discussion of securities and investments**.
Thanks for your post seeking investment advice or discussing specific securities. Please keep all conversations about portfolios and specific investments in our monthly discussion post.
Fellow Redditors may offer an opinion on investments. Fidelity doesn’t endorse any of the expressions, opinions, or content posted by non-Fidelity members or any third parties on  r/fidelityinvestments. Do not rely on comments to form the basis of an investment decision.
Always make sure to do your due diligence before investing. Remember to look for the “Community Care Representative” flair to make sure it’s us.
*Fidelity Brokerage Services LLC, Member NYSE, SIPC*

This has been removed for violating rule #2: **limit discussion of securities and investments**.
Thanks for your post seeking investment advice or discussing specific securities. Please keep all conversations about portfolios and specific investments in our monthly discussion post.
Fellow Redditors may offer an opinion on investments. Fidelity doesn’t endorse any of the expressions, opinions, or content posted by non-Fidelity members or any third parties on  r/fidelityinvestments. Do not rely on comments to form the basis of an investment decision.
Always make sure to do your due diligence before investing. Remember to look for the “Community Care Representative” flair to make sure it’s us.
*Fidelity Brokerage Services LLC, Member NYSE, SIPC*