SWF 4.00% 12.0¢ selfwealth limited

SWF CHART nice retracement and ready for more UPSIDE, page-99

  1. 1,666 Posts.
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    That's exactly why cheap brokerage on the asx with a HIN is paramount. Without the HIN you're at the mercy of the brokerage company not going broke but even if SW OR STAKE went into administration (for arguments sake) that does not affect the shares you own or the money in your BIG 4 bank account with them. That money is guaranteed up-to and including 250k. However, that rule does not apply if it's the same Big 4 bank across multiple different companies. ie: NAB owns U bank and 86400 but the 250k is only covered for all 3 collectively as they are the same bank with different names. It's important to have your money in different reputable Aussie banks not just the big 4 if you have over a quarter of a million in cash with them.
 
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