Charles Schwab In Trouble?

Charles Schwab shares are down 32% in the last few days!

Are they in trouble too?

This might impact investors here as Charles Schwab is the parent company of TD Ameritrade.

What happened?
Long-term bonds losing value are the main reason for the bank saga that's happening right now.

And it seems Charles Schwab has a significant chunk of assets in long-term bonds.

Management has been caught flat-footed by the rising interest rates.

Bottomline:
I was reading up on the latest happenings regarding Charles Schwab.

I think the chance of them getting in trouble via a bank run or liquidity issue are very very low.

But if it happens, impact is very high.

What to do?
If anyone has funds with these brokerages and is concerned, can consider diversifying your funds to other brokerages, like Moomoo!

Interactive Brokers is a good alternative.

Especially if your account has more than $250k.

FDIC coverage is up to $250K.

Stay safe, everyone!