How can you protect yourself from bank failures and uncertain foreclosures? There is a lot of confusion around the current crisis, resulting in misinformation leaking to the masses and inciting panic among those who rely on said banks.
Toby Mathis Esq. and Stefan Whitwell from Whitwell Advisors will be going over the facts regarding what information you need to know to make informed decisions on what to do with your money.
First and foremost, the pressing issues banks are facing right now are not a crisis, they can be simply seen as a problem. We want to be clear…banks are not failing, they are having issues with their current financial models that are proving to be less than ideal.
Learn more about Stefan 👇
The real question is: How does this affect me? The answer is: It doesn’t. At least not yet.
What is important for patrons of banks right now to understand is… gathering credible information like we are supplying here and making informed decisions on what they want to do with their money.
Learn how to become anonymous AND appear as if you own nothing at our Free Tax & Asset Protection Workshop.
Save Your Seat:
Silicon Valley Bank is a company that has been helping banks with their current issues. This is something that many banks are struggling to do right now because of their outdated business models.
We will be going over several key topics related to the current ‘supposed crisis’ SVB is facing.
Thank you to Stefan for joining us and offering his insight on the matter. Whitwell Advisors were wonderful to work with, and we appreciate all the valuable information they were able to provide to our audience.
To those seeking more professional knowledge and insight, please consider subscribing to the channel for more guest features and captivating topics.
Show Notes:
0:00 Intro
0:14 Guest Introduction
1:30 Cause Of Crisis
8:46 SVB
10:10 What To Do
15:54 Investing Your Dollar
18:35 Risk
21:27 Insurance
25:38 Press Releases
26:13 Past Case
30:20 Choices
31:48 Outro
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
#tobymathis #bankcrisis…(read more)
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The recent bank crisis has left many people wondering how they can protect their hard-earned money. With the uncertainty that comes with such economic upheaval, it’s essential to take proactive steps to safeguard your finances. Here are some tips to help you protect your money during a bank crisis.
1. Have a diverse portfolio
One way to protect your money during a bank crisis is by diversifying your portfolio. This means investing in a range of different assets, such as stocks, bonds, and real estate. By spreading your investments across multiple assets, you’ll be less vulnerable to any single market downturn.
2. Keep cash on hand
Another way to protect your money during a bank crisis is to keep some cash on hand. Having some cash readily available can help you cover expenses in case of a bank failure or economic downturn.
3. Check your bank’s ratings
Before opening an account with a bank, it’s important to check its ratings. Services like Moody’s, Fitch, and Standard & Poor’s provide ratings for banks based on their financial stability. Choose a bank with a high rating to minimize the risk of losing your money.
4. Opt for FDIC-insured accounts
The Federal Deposit Insurance Corporation (FDIC) insures deposits up to $250,000 per depositor per bank. Opting for FDIC-insured accounts means that if a bank fails, your money is covered. Ensure your bank is FDIC-insured to protect your investments.
5. Stay aware of your bank’s financial health
Staying aware of your bank’s financial health can help you make informed decisions about your accounts. Keep an eye on your bank’s quarterly and annual earnings reports to see how they’re performing. If they’re consistently losing money, it may be time to move your funds to a more stable institution.
6. Be wary of risky investments
During a bank crisis, it can be tempting to look for higher returns through risky investments. However, these investments also come with higher risks. Stick to sound investment strategies to minimize the chance of losing your money.
In conclusion, a bank crisis can be an unsettling time. However, taking proactive steps to safeguard your finances can help ease your worries. By diversifying your portfolio, keeping cash on hand, choosing a high-rated and FDIC-insured bank, staying aware of your bank’s financial health, and avoiding risky investments, you can protect your money during a bank crisis.
Join us for our next Free Tax & Asset Protection Workshop Live stream. Our attorneys and specialists will answer all your questions at no additional cost. Save Your Seat: https://aba.link/taptoby
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TURN YOUR HART AND TRUST TO HIM WHO DIED ON THE CROSS FOR YOU
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JESUS LOVES YOU AND HE'S LOOKING FOR YOU!!!
SVB was a giant woke ponzi scheme… all those huge cash deposits. The fed bailed their own private money laundering bank.
Fed is puppet to the puppet masters. They print, they launder, they indebt.
Svb was the "ukraine" of banks..
What do you suggest People to invest their life Savings,, to make money ,
But get a percentage monthly,, to help survive !
I would say buy silver and gold bullion and take possession of it, don't leave it in a bank or some other place where they will take it.
Get your money out of the banks in the u.s. NOW. Once it’s out, invest in gold, and silver. You may not make much money, but you won’t loose your money
How does the new digital program that were looking at going into effect all of this?
I only keep enough $ in the bank to cover onlin utility pymts, & try to pay cash for everything else. (Just to give my middle finger to BIS/IMF/WEF)
Our predident is asleep at the wheel, that's why the vountry is hoping down…
Both Bonds and Equities both go down in an inflationary tightening environment. Read White Paper on SSRN
Stock-Bond Correlations, Macroeconomic Regimes and Monetary Policy
78 Pages ● Posted: 27 Nov 2017
Lieven Baele
Tilburg University – Department of Finance
Frederiek Van Holle
Degroof Petercam Asset Management Date Written: October 1, 2017
Good stuff. Thank you!
Thanks for this video. What is the difference between such a custodial account compared to an IRA?
What about NCUA coverage thru credit unions?
Excellent information.
Schwab ? They having trouble now too . Try another . Maybe Fidelity
The FDIC has less the 1% of the funds necessary to indemnify insured depositors. Considering the financial climate today, someone would have to be a fool to believe that their deposits are fully insured to an amount at or below 250K.
And what is the ability of Lloyd's of London having the funds to protect everyone at Schwab? Look deeper, folks. Please.
How to tell what kind of money market does not risk principal ?
Would robinhood count as a custodian account.?
The surprised "Botox" look is distracting me.
In 2022 my local credit union Redstone Federal Credit union lost 192 million dollars… Should I be concerned….
Peter Theil's firm was the only one to somehow get all of their money out.Hmm…he claimed there was a slow transfer and it rang alarm bells. BS! That transfer went through just fine and deposits were 29B at the time. Theil had publicly stated he wants to burn down Silicon Valley business. Well, what better way to do it. He's a hateful and self-loathing man. His boyfriend committed suicide two days before Theil helped make this mess. The man is evil.
They aren't asleep at the wheel. They just don't care. If you want to talk to someone that actually knows what is happening at a high level, give ME an interview. I can sum it up in about 5 minutes. In fact, I can sum it up in 2 words: noisulloc tnemnrevog
Why doesn’t anyone ever mention credit unions?
Is a credit union the same as a bank as for your money being safe?
I don't think in this mass failure case an insurance company can even save us. An insurance company banks on that only a small percentage will ever fail and the remaining will continue to produce income to cover. However with mass failure, their money is also at risk and it would be lost. The mattress is our best bet
Absolutely the best information , Thanks again and always an education.
Great information! Thanks for sharing this with your listeners, as I will be moving my money to safer places.
FDIC insures only per individual one time NOT per bank account !