Cryptocurrency Q&A
Is it safe to keep money in Fidelity Spaxx?
Is it safe to keep money in Fidelity Spaxx?
JejuJoyfulHeartSoul
Mon Sep 16 2024
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6 answers
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I'm curious about the safety of storing my funds in Fidelity Spaxx. As an investor, I'm always looking for secure options to keep my money safe. Can you explain the measures Fidelity has in place to protect investors' assets in Spaxx? Are there any potential risks I should be aware of when considering this option for my financial portfolio?
6 answers
CoinMasterMind
Wed Sep 18 2024
The fund's primary objective is to maintain the value of each share at $1.00, but this cannot be ensured with absolute certainty.
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Valentino
Tue Sep 17 2024
It is crucial for investors to understand these risks and make informed decisions based on their financial goals and risk tolerance.
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Carlo
Tue Sep 17 2024
Investors should be aware that investing in this fund is not akin to depositing money into a bank account.
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BlockchainBaron
Tue Sep 17 2024
Despite the best efforts of the fund's management team, there is no guarantee that the fund will be able to maintain the $1.00 per share value over time.
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Lucia
Tue Sep 17 2024
Unlike bank deposits, investments in this fund are not insured or safeguarded by the Federal Deposit Insurance Corporation or any other governmental body.
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