SIPC
SIPP INDUSTRIES INC NEW
stock OTC

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dont worry about SEC registration, cause it has SIPC protection and it insured up to 500k dollars plus 250k dollars cash claims

You are mixing crypto concepts ("cold storage") with traditional finance. For long-term stock investing, you just need institutional brokers with trillions in AUM and SIPC insurance.
I split my portfolio between **Charles Schwab** and **IBKR**. I don't spread my assets because I fear them going bankrupt (SIPC handles that), I do it just in case one of them has a temporary IT outage on a volatile trading day. Keep it boring.

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*

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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*

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*

dont worry about SEC registration, cause it has SIPC protection and it insured up to 500k dollars plus 250k dollars cash claims

You are mixing crypto concepts ("cold storage") with traditional finance. For long-term stock investing, you just need institutional brokers with trillions in AUM and SIPC insurance.
I split my portfolio between **Charles Schwab** and **IBKR**. I don't spread my assets because I fear them going bankrupt (SIPC handles that), I do it just in case one of them has a temporary IT outage on a volatile trading day. Keep it boring.

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*

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Then we are closer than it looks. I am not saying SGOV trades like a common stock. It does not. I am separating buckets for a beginner. Bank cash. Treasury ETF. Money market fund. Similar use case sometimes. Different wrapper. If someone understands settlement, dividend cycle, brokerage custody and SIPC, fine. Use the tool. If they hear savings and think guaranteed bank cash, slow down. This thread is a 24 year old with house money and no investing experience. Label the pipe before handing them the wrench.

Still not following, but this time I think your description of price instability needs refinement. Price protection isn’t really an issue with SGOV. SGOV doesn't have price risk the traditional sense. It has a **mechanical price cycle**.
The share price only moves to reflect the interest it has already earned but hasn't paid out yet. In its entire history, it has never had a drawdown unrelated to its dividend schedule. For a newbie that information is more useful than a general statement that price is an issue.
I already accurately described the scope of SIPC insurance, and I addressed the market risk issue, unless you think the full faith and credit of the US government isn’t rock solid. Some people genuinely feel that way, but they aren’t the majority.

That is not the disagreement. I am not calling SGOV trash. I am saying the wrapper matters. A beginner reads savings and thinks bank cash. SGOV is a Treasury ETF. Low duration helps. Liquidity helps. Still not FDIC cash. SIPC is brokerage failure protection, not price protection. For someone trying to separate house money from investment money, that distinction matters more than squeezing the last bit of yield.

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 commnity 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.
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This has been removed for violating rule #8: **no taboo topics**.
In the interest of keeping things civil and allowing us to focus on providing customer care, we ask that you seek out alternative subreddits for engaging in topics regarding politics, race, religion, violence, drug use, and sexual themes.
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