Except all of those are insured by the FDIC so there's almost no risk outside of... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		jmhyer123 on Feb 2, 2021 \| parent \| context \| favorite \| on: Gemini Earn Except all of those are insured by the FDIC so there's almost no risk outside of market volatility.

rootsudo on Feb 2, 2021 [–]

Wrong.

It does not protect if the asset invested in goes down in value.

FDIC is protection against the bank being insolvent.

SIPC does not protect customers against losses from the rise and fall in the market value of investments.

https://www.sipc.org/for-investors/what-sipc-protects

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact