Users of trading platforms such as Charles Schwab, Vanguard, and Fidelity found themselves unable to access their accounts during an episode of extreme market volatility on August 5, 2024, when the Dow dropped 1,000 points.
“Every time there’s a large market move, it seems like this happens. It makes you wonder: Have the brokers really done anything to improve their technology?”
—Chris Nagy, a former managing director at TD Ameritrade
How did it happen, and how can consumers protect against turmoil before it happens again?
Click on the video link below for exclusive insights on this topic from U.S. Money Reserve’s Coy Wells.
Related headlines from around the web:
- The Wall Street Journal: “Outages Plague Trading Platforms During the Stock-Market Selloff”
- Business Insider: “Gold Can Keep Rising. Bet on Bling in the Face of Geopolitical Risk, Rate Cuts.”
- Reuters: “Gold rallies to record high on softer dollar, rate-cut expectations”
Enhance your portfolio with precious metals today.
Widespread market forces like central bank demand, geopolitical tensions, and monetary policy may continue to drive gold prices higher. Gold has also historically been used as a hedge against economic uncertainty and market turbulence. Now may be the perfect time to add wealth protection to your portfolio in the form of physical gold.
Watch U.S. Money Reserve’s “Market Insider” each week for more economic insights. Nothing herein should be considered as portfolio or retirement advice as U.S. Money Reserve (“USMR”) cannot and does not offer financial advice. Clients should consult a financial advisor for specific advice. This commentary is provided by USMR for informational purposes only and is provided on an “as is” basis without any warranty of any kind, whether express or implied. Your use of the information provided in this commentary is entirely at your own risk. In no event will USMR be held liable for any indirect, special, incidental, or consequential damages arising from the use of information contained in this commentary.
