Rocky60What Do You Do With Large Amounts Of Money?
www.forbes.com/…/ways-to-insure-excess-deposits/
Here are some of the most common strategies if you’re over 250k. But at 100M it would be very foolish to not invest (likely hiring a private wealth manager to do so competently).
5 Ways To Insure Excess Deposits
The Federal Deposit Insurance Corporation (FDIC) insures deposits placed in savings accounts, money market accounts, checking accounts and CDs. This means as long as you bank at an insured institution, your money is protected in the event of a bank failure—at least to a certain degree. But the recent collapse of Silicon Valley Bank (SVB) […]
Foolish if the goal is to hold on to more money than you could ever need in ten lifetimes to pursue the goal of accumulating more from the work of others.