Is it safe to deposit 500 K in a wealthfront account ? Is it FDIC insured? TC : 230 18 yoe
1 million is the insurance limit
Why not invest it properly instead? Looks like you are wasting away the time value of your money.
Youâll be eating your words once a recession comes along
I'll wait and not sell, no problem, it's a long term game. People keep saying that, but stock is actually doing pretty well. Even if that changes, I know I won't sell; I'll just buy at discount. If you're so worried, you can always go for bonds anyway; a lot better than WF and still pretty safe.
Safe yes, smart no.
Why
Why?
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It is but you gotta check the limit. There was an investment unit with FDIC insurance for 1MM spread over 4 banks. The FDIC limit is 250k per institution