FDIC doesn’t insure funds above $250k+. Any creative ideas for what to do with the cash? I’m a pretty conservative investor and don’t want to get caught in the stock bubble and home prices seem very inflated. TC: 400k #personalfinance #investments
Buy a 1.2 mil home
For 1.6 mil
Lol
Cash is useless
Wealthfront has 1M FDIC since they use several banks
Cash accounts like Wealthfront or Personal Capital provide fdic insurance for up to 1.5 mil. They do it by depositing your money into multiple banks on your behalf.
If you don't mind a bit of hassle, you can just open up accounts at multiple banks. Some good bonuses from fintech companies trying to grow. E.g. HM Bradley gives 3% on first 100k
Are you waiting for the dip? Holding cash long term is insane
Park half of it In my bank account.
Why not buy like VTIP and BSV? It’s a TIPS and Cash money market, highly liquid and higher yield than any bank?
allin gme
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2, 3 different banks. Or put enough in safe investments to get under FDIC cap.
Yes common sense would say split in multiple banks