How dangerous is it to park my short term savings by buying SGOV instead of parking the money in an fdic-backed HYSA? It's just more convenient to use an account with Fidelity to hold SGOV because I already use it for my job's 401k and my Roth IRA. And if you're chasing a competitive HYSA interest rate you need to open an account with some random bank increasing the amount of institutions & different apps you gotta deal with.
>>62729110It's arguably safer as fdic insurance could take forever to pay out.