SVB Collapse: What Happened...and How it Affects YOUR Bank Account
Silicon Valley Bank Collapsed on Friday, March 9th, and panic set in over the weekend. But should you be worried about your money in the bank right now?
In this video we cover the details of the SVB bank failure, how it happened, how banks use your money, and the details of FDIC Insurance.
And keep watching until the end to see more popular banks that are suffering similar investment losses as Silicon Valley Bank.
I am not your financial advisor, and the contents of this video are for educational and entertainment purposes only. Please do your own research before making any investing decisions (DYOR). The video is accurate as of the posting date but may not be accurate in the future.
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Safe Bank Paying High Interest - CIT Savings Connect (4.20%) - https://www.roadmapmoney.com/go/CITSa...
Best low-risk investments - • 3 Best Risk Free Investments in 2023 ...
Seeking Alpha article (Big Banks with Losses) - https://seekingalpha.com/article/4586...
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What is Roadmap Money?
I’m Jacob Wade, the Founder of Roadmap Money! I am a husband, father, and former full-time RVer!
RoadmapMoney.com was created out of a passion for helping you create a PLAN for your money and helping you keep more of it.
By budgeting and investing wisely, we have:
Lived on $14 an hour and STILL saved money
Enabled my wife to be a Stay At Home Mom
Paid off over $40,000 in debt
Grown our net worth from negative to over 6 figures
Quit my six-figure job and travel the country for over two years!
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00:00 Intro
00:54 Option 1
04:40 Option 2
07:20 Option 3
10:15 Option 4
12:56 Option 5
14:51 Vanguard 401k Rollover
17:12 Fidelity 401k Rollover
18:02 M1 Finance 401k Rollover
19:40 Outro