Many of you may hold money or securities in brokerage accounts above insured limits. I do, and it has concerned me.

In the US brokerage accounts are insured for $500,000 in securities and usually $100,000 in cash. Some brokers, like mine, have further policies with LLoyds, but it's still not enough. What i did on Friday afternoon was took 50% long SPY and 50% short Spy position. It's a market neutral position but now insures my account at a higher value.

if anyone else has any better ideas I would be pleased to hear them.

Many of you may hold money or securities in brokerage accounts above insured limits. I do, and it has concerned me.

In the US brokerage accounts are insured for $500,000 in securities and usually $100,000 in cash. Some brokers, like mine, have further policies with LLoyds, but it's still not enough. What i did on Friday afternoon was took 50% long SPY and 50% short Spy position. It's a market neutral position but now insures my account at a higher value.

if anyone else has any better ideas I would be pleased to hear them.

Why do that instead of putting the money in short term treasuries?

Many of you may hold money or securities in brokerage accounts above insured limits. I do, and it has concerned me.

In the US brokerage accounts are insured for $500,000 in securities and usually $100,000 in cash. Some brokers, like mine, have further policies with LLoyds, but it's still not enough. What i did on Friday afternoon was took 50% long SPY and 50% short Spy position. It's a market neutral position but now insures my account at a higher value.

if anyone else has any better ideas I would be pleased to hear them.

Why do that instead of putting the money in short term treasuries?

I tend to agree, going 50% long and 50% short SPY means you're paying the SPY management fee, plus broker transaction costs. I would buy BIL (short term US treasuries ETF), as they are as good as cash and return a yield of about 2% now.

Many of you may hold money or securities in brokerage accounts above insured limits. I do, and it has concerned me.

In the US brokerage accounts are insured for $500,000 in securities and usually $100,000 in cash. Some brokers, like mine, have further policies with LLoyds, but it's still not enough. What i did on Friday afternoon was took 50% long SPY and 50% short Spy position. It's a market neutral position but now insures my account at a higher value.

if anyone else has any better ideas I would be pleased to hear them.

Why do that instead of putting the money in short term treasuries?

I tend to agree, going 50% long and 50% short SPY means you're paying the SPY management fee, plus broker transaction costs. I would buy BIL (short term US treasuries ETF), as they are as good as cash and return a yield of about 2% now.

Because I'm probably going to close each leg at adifferent time. being already in aids my decision making sometimes. ETF fee minimal for a few days. ST treasuries yielding 0% currently so there's asset dpreciation if unwound. But yes, thats another option. Thanks.

Many of you may hold money or securities in brokerage accounts above insured limits. I do, and it has concerned me.

In the US brokerage accounts are insured for $500,000 in securities and usually $100,000 in cash. Some brokers, like mine, have further policies with LLoyds, but it's still not enough. What i did on Friday afternoon was took 50% long SPY and 50% short Spy position. It's a market neutral position but now insures my account at a higher value.

if anyone else has any better ideas I would be pleased to hear them.

Why do that instead of putting the money in short term treasuries?

I tend to agree, going 50% long and 50% short SPY means you're paying the SPY management fee, plus broker transaction costs. I would buy BIL (short term US treasuries ETF), as they are as good as cash and return a yield of about 2% now.

Because I'm probably going to close each leg at adifferent time. being already in aids my decision making sometimes. ETF fee minimal for a few days. ST treasuries yielding 0% currently so there's asset dpreciation if unwound. But yes, thats another option. Thanks.

VMPXX is still yielding 1.59% but point taken, it's pretty close to zero.