I am 99% in cash this year, with all the recent talk of this place going down and that place going bankrupt a few have already touched on the topic of the banks.
No big bank has ever gone bust in Aus, no bank did during gfc, realistically how worried should we be, what are the rough odds...
In light of other central banks efforts to impose negative interest rates and the health of the baking system generally, I'm trying to find out if there is any such thing as a secured cash deposit ie be first in line as a creditor should an entity such as a bank have a run on deposits etc...
Has anyone some definitive knowledge as to how secure your assets are with your broker?
I have significant amounts both in trading accounts (cash left with the broker) and as well under CHESS on my share accounts;
I am currently with Bell Direct but the issue is not specific to them...
I don't visit ASF very often these days and one of the reasons is because I have lost faith in stocks as a sound and safe investment. Investing in stocks is no longer a case of putting some money into a company as part of financing a company that will use that money to the advantage of both the...
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.