Ubiquitech Software Corp (UBQU)

[80 bluchip 20 pot]

my plan should UBQU moon, or even rip, and it looks like the financial collapse is upon us.
and this applies to all brokers.

I'm going to take the cash and quickly buy Tesla or a stable ETF, like U*S*M*V* and will get vanguard brokerage open, for a future transfer.

why not hold it in cash?
because say your broker pulls a robin hood or a voyager crypto and says sorry guys, we're bk, we can't honor your cash....or you have to wait.
instead you have better risk if you have Tesla or an ETF. because possibly they gave you a synthetic (doubtful) or your have the shares

then I plan after the dust settles to transfer that to vanguard.

why vanguard? because I'm gambling that if the collapse is huge, vanguard, the biggest broker, for regular peeps like you and me, might still be standing.

then I'll transfer the shares to vanguard. it will be harder for a collapsing broker to not LOCATE the shares they claimed to sell you. and shares of tesla and a stable ETF are naked shorted much much less rarely. (tesla has maybe 1000 fails-to-deliver a day when it has any)

of course in a collapse tesla might even go down 20%, even a stable etf might go down 10%
but imo its much better than holding cash in a suspect broker, and waiting for a T+2 settlement to hope to transfer.