Have you ever wondered what would happen to your stocks if something ever happened to Stockpile? Has it been a deterrent in getting started?
Investing your hard-earned dollars can be scary, man! That’s why Stockpile is a paying member of SIPC. (Hint: Pronounced like sip-ick, say it at a party at people will think you’re brilliant). It’s basically insurance for your stocks in case anything should ever happen to us here at Stockpile. The same way you pay for your car insurance in case there is an accident, we pay for your investment insurance.
Back in the 70s, the greedy fat-cats at investment firms would make risky moves that lead to bankruptcy, and their customers would be left high and dry with all of their stocks gone with the wind. SIPC was created to make sure that doesn’t happen to you! It is a common misconception that SIPC covers investment losses, but only you can save yourself from losing a fortune on that hot penny stock tip your college roommate’s mother-in-law heard about from her plumber. To be clear, market fluctuations are never covered, so make sure you always spread your risk around, and at the end of the day, you’ll be safeguarded.
Importantly, SIPC coverage comes into play only when a firm shuts down because of financial circumstances where customer assets are missing or otherwise at risk because of the firm’s failure. If anything ever happened to us here at Stockpile, SIPC would ensure that you are always protected. You are our number one priority, and our membership with SIPC puts you first. You can rest easy at night, knowing that SIPC has got your back.
SIPC Contact Information. The Firm is a member of SIPC. You may obtain information about SIPC, including the SIPC brochure, by contacting SIPC through the SIPC Web site (www.sipc.org) or telephone number (202) 371-8300.