Multi millionaires, how do you keep your uninvested funds?
Dec 31, 2020
33 Comments
Do you split across multiple banks to stay under FDIC insurance limits?
Is there special banks or accounts for high cash amounts?
Do you just keep it chilling in your brokerage accounts but not invested into a fund/stock?
comments
Thatβs your SIPC insurance.
Btw why do you have $3m cash to begin with? Why isnβt it already in the form of some assets?