facebookI have my savings in POSB, invest STI ETF with DBS & I plan investing inS&P 500 with DBS Vickers. If DBS goes kapoot, does it mean all my investment, savings will be at risk? - Seedly

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Anonymous

07 Jun 2019

General Investing

I have my savings in POSB, invest STI ETF with DBS & I plan investing inS&P 500 with DBS Vickers. If DBS goes kapoot, does it mean all my investment, savings will be at risk?

Should I consider investing with other brokerage firms to diversify? If yes, what other firms should I consider investing in?

Discussion (2)

What are your thoughts?

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Yes for your STI ETF.

For your S&P500, depends on your vickers account, custodian or CDP, you might lose it all.

However, if DBS really goes kapoot, I believe you will have a much bigger problem to face.

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