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Cake day: May 30th, 2024

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  • One thing I never realized until this weekend was that the SIPC insurance your brokerage firm provides is not just by account owner. Each “separate capacity” is protected up to $500,000!

    From the SIPC website:

    SIPC protection of customers with multiple accounts is determined by “separate capacity.” Each separate capacity is protected up to $500,000 for securities and cash (including a $250,000 limit for cash only). Accounts held in the same capacity are combined for purposes of the SIPC protection limits.

    Examples of separate capacities are:

    • individual account;
    • joint account;
    • an account for a corporation;
    • an account for a trust created under state law;
    • an individual retirement account;
    • a Roth individual retirement account;
    • an account held by an executor for an estate; and
    • an account held by a guardian for a ward or minor.

    The following are examples of separate accounts:

    • Mary has an account in her name at her brokerage firm. Mary is protected by SIPC up to $500,000.
    • Joe has two brokerage accounts, each in his own name. For purposes of SIPC protection, Joe’s accounts are combined, and Joe is protected by SIPC only up to a total of $500,000.
    • Joe and Mary are married and they have a joint brokerage account which is separate from the individual accounts that they each have at the firm. An additional maximum of $500,000 of SIPC protection is available for the joint account.
    • Joe has a Roth account and an IRA account, at the same brokerage. Joe is protected up to $500,000 for the Roth account and up to $500,000 for his IRA account.

    The more you know! Hope that knowledge wasn’t super obvious to everyone but me and helps someone!






  • Uncurious3512@lemmy.worldtoScience Memes@mander.xyzWhere's the essay???
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    3 months ago

    I liked the prompt and was curious how ChatGPT would finish the rest of the essay. Hopefully this puts a smile on your face too!

    Bohemian Rhapsody. We Will Rock You. Somebody To Love. All hit singles and all the direct product of a band that was formed when an astrophysicist and a dentistry major found a new friend in an art college, who then went on to recruit a fourth member from the electronics school. Based on this alliance, I propose the rift in society between Arts and STEM students was fabricated to keep us separated as to dilute our true power - and fabricated by who, you may ask? The business major, the only member of society who reaps no reward from art and science and thus must weaken us so as to stay ahead. In this essay…

    I will explore the epic hoax that divides Arts and STEM, show how their union can lead to world domination (or at least cooler inventions), and reveal how business majors are the puppet masters behind this conspiracy.

    Let’s start with the historical buddy comedy of Arts and STEM. Think Leonardo da Vinci, the Renaissance’s MVP, who mixed art and engineering like a mad scientist with a paintbrush. Fast forward to Queen, where a physics nerd, a future dentist, an art school dropout, and an electronics whiz banded together to create timeless rock anthems. Clearly, when Arts and STEM join forces, magic happens. Yet, society insists on keeping these powerhouses apart, like a superhero team-up that never was.

    Why the division? Enter the business major, lurking in the shadows, clutching spreadsheets and profit margins. By keeping Arts and STEM separated, they maintain control, ensuring no wild cross-disciplinary collaborations disrupt their orderly world of ROI and quarterly earnings. Imagine the chaos if engineers started sculpting or artists began programming—innovation would skyrocket, and the business folks would have to rethink their strategies.

    Education systems are also in on the joke, pigeonholing students into either Arts or STEM, ensuring they never realize their full potential. An engineer with a knack for painting might just design the next architectural marvel, while a scientist with a love for storytelling could communicate complex ideas in ways that resonate with everyone. But no, we can’t have that, can we?

    In the end, breaking down the barriers between Arts and STEM isn’t just a nice idea; it’s a necessity. It’s time we expose the business majors’ plot, unite our creative and scientific minds, and start an interdisciplinary revolution. Let’s face it, the future belongs to those who can code an algorithm and appreciate a good sonnet. So, let’s drop the charade and get to work—there’s a world to change, and it’s going to be a lot more fun if we do it together.