ShokWaveRider
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I am a REAL chicken with the stock Market Right Now. I am with my local credit union that has been around for 65 years. However, I still am concerned that the FDIC insurance only covers up to $200k (Joint) My total exposure is $1.2m All in the one basket atthe moment. My question is: Are any of you worried about your institutions going bust and taking your cash with them?
Or am I just worrying unessessarily? It seems so much of a hassle to spread it around $200k at a time. It takes too much managing and tracking.
Also The highest interest I can fine on Hard Money (MM or CD etc.) is 1.8 for 12 months. I am not comfortable investing for any longer than 12 months in fixed income at present.
Ian
Or am I just worrying unessessarily? It seems so much of a hassle to spread it around $200k at a time. It takes too much managing and tracking.
Also The highest interest I can fine on Hard Money (MM or CD etc.) is 1.8 for 12 months. I am not comfortable investing for any longer than 12 months in fixed income at present.
Ian