Money in the bank is another thing. In the great depression of the 30's people lost every dime they had in the bank. The fact is LIFE is a daily Gamble....
You'll still own the stock, but it may not be worth anything.
Your bank accounts are insured by the Federal Deposit Insurance Corporation, ONLY if the bank goes out of business.
War has nothing to do with it.
You do know that the banks do not keep everyone's cash in the vault, right?
They LEND it to other people.
Of course not.
Is stock protected during war?
So many crazy things going on such as Ukanrine and Russia might go into war, and that the USA is going to intervene.
Furthermore, so many plane crash these weeks can totally affect the economy.
So, I was wondering are stocks protected? They are just paper trading right?
What about money in the bank? Are they protected if war happens?
