Banking Crisis: Should We All Just Move to a Big Bank?

The banking crisis continues, with PacWest and other regional banks struggling in the stock market and to raise capital. The news prompted my mom to text me asking if she should be worried. In this video I answer her questions, covering the following topics.

1. How this banking crisis is different than 2008
2. Whether we should abandon small and regional banks and put all of our money in big banks
3. How to protect your cash wherever you bank
4. And a possible investment opportunity for those who believe in the future of regional banks.

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ABOUT ME

While still working as a trial attorney in the securities field, I started writing about personal finance and investing In 2007. In 2013 I started the Doughroller Money Podcast, which has been downloaded millions of times. Today I'm the Deputy Editor of Forbes Advisor, managing a growing team of editors and writers that produce content to help readers make the most of their money.

I'm also the author of Retire Before Mom and Dad--The Simple Numbers Behind a Lifetime of Financial Freedom (https://amzn.to/3by10EE)

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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions.

AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning at no cost to you I earn a commission if you click through and make a purchase and/or subscribe. However, I only recommend products or services that (1) I believe in and (2) would recommend to my own mom.