FDIC only $100,000?

Reply #44

psykomo — Sat, 11 Oct 2008 00:24:01 GMT

THANK's TNT:

psykomo is crazy all know datt

lotta thing's have happened since UR

last POST right or WRONG!!

BUTT all know DATT

I have bought gold silver coin's

BUTT won't tell anyone where DARE-R-@@@@@@@

BUTT D G@@D NEW'$$ U will get CHANGE

????????????????? 2-U and ALL ?

DO-U-LIKE nickles dimes R QUARTER ?

TOWSED out 4-UR VOTE'sssssssssssssssssssss?

DON't worry WEY for D CHANGE !!

then we can all GO out 2 VEGAS play D SLOT'$$

LOL O'BAMA will CHANGE you... [ More ]

Reply #43

psykomo — Fri, 10 Oct 2008 23:58:14 GMT

SILVER coin's R GOLD coin's are alway's G@@D!!!!!!!

IF U OWN some of these asset's$$$$$$$$$$....it's a good bet UR better

than O'BAMA's school record's?????????????????????????????????????????

TRUST O'BAMA HE WON T RELEASE HEALTH R SCHOOL record's!!!!!!!

don't trust McCain HE released all health school!!!!

??? BUTT PSYKOMO want's ASAP$

before I lose my VETT 2-D REPO reper-man!!!!!

O'BAMA I need the CA$H ASAP

will it FALL from the SKY like manor R WHAT?

LOL

PSYKOMO... [ More ]

Reply #42

smooth05 — Wed, 08 Oct 2008 02:55:33 GMT

heck they might now even be able to insure that much the fdic has been reported to have 45 billion in assets divide that by 300millions people that's 150 per person

Reply #41

time*treat — Tue, 07 Oct 2008 22:12:24 GMT

When they can insure the purchasing power of those $$$, I'll be impressed.

Reply #40

DC81 — Tue, 07 Oct 2008 18:22:14 GMT

Since banks are going to be a bit cash strapped, interest rates on CDs might rise too. Though I think I'd still rather invest in something that isn't just a piece of paper that could end up being worthless. Only problem is that I'd need a secure underground bunker that only I know about to put all the gold in. Absurd? Yes, I know it is.

Reply #39

grengrad — Tue, 07 Oct 2008 15:12:09 GMT

This was changed as part of the bailout bill that passed on Friday.

Reply #38

JackpotWanna — Tue, 07 Oct 2008 15:10:55 GMT

Didn't they rise it to $250,000 recently

Reply #37

psykomo — Sat, 04 Oct 2008 07:16:38 GMT

BUT 99% of DUMMIE'SSSSSSS don't READ

UR b@@K's DEMOCRAT's for DUMMIE'SSSSSSSSS

THEY are HOPE'in PRAY'in FOR dee JIMMY O'OBAMA 2 BAIL dem out!

SORRY bout DAT JC will get RICHER$$$$$$$$$$$$$$$$$$$$$$$$

O'BAMA bout DAT 2 RICH22$$$$$$$$$$$$$$$$$$$$$$$

PLEASE PLEASE VOTE for UR INVITEION 2 white HOUSE??

BUTT DON't WHOLE UR BREATH 4 moe dan 4-yr's

LET'ssssssssssPARTY 4 (foe) OUR KANG!!!!!

UR money is in D mail nless than 50 YEAR... [ More ]

Reply #36

psykomo — Thu, 02 Oct 2008 00:48:07 GMT

FDIC raise's 2 2.......$250 KKK

O'BAMA raise's UR .......TAXE'$$$

???????????????????????????????

WIN a jackwhat GET WHACKED!

GOD KNOW's HOW people who LOVE's people L@@K after

THEMSELVE'$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

AFTER-ALL these JERK's have PREACHED 2 HELP all-Dee

LITTLE PEOPLE FOR MORE than 50 AEON'$$$$$$$$

LOL JACKPOT 2222222 ALL Lottery Post!

PSYKOMO

Reply #35

psykomo — Fri, 26 Sep 2008 03:54:11 GMT

THANK's 4-UR savy on money jarasan:

IF U R won a jackpot lottery today!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

WE WOULD be in DEEP^^^^^^^DODO IF U R me

WHERE in the H would U put D-MONEY $$$$$$$

THANK's 2-U and Todd who realize this is a LP SUBJECT.

LOL

PSYKOMO

Reply #34

sirbrad — Mon, 22 Sep 2008 10:42:22 GMT

Yeah I covered those, but not all banks have them yet.

Reply #33

guesser — Mon, 22 Sep 2008 06:43:45 GMT

If I am not mistaken, T-Bills went negative for a few hours a week ago Monday with the banking 'collapse'.

You may need to go double-check your 4% quote, I don't think it's 4% today.

And as far as I know, folks I know have different accounts in different banks, and they have accounts in their spouse's names and their children's names. The banks view a different account AS a different account if the registered owner's SS NO is different.

We should be so lucky to have to worry about this... [ More ]

Reply #32

grengrad — Mon, 22 Sep 2008 04:40:46 GMT

CDARS charges the banks a fee for this service. That fee in turn is then passed on to you in the form of a lower interest rate that you probably would have gotten on your own.

If you really wanted to put $50 million in the bank, it would probably be worth it, because of the sheer number of accounts that you would have, but for smaller quantities of money, like lets say $2 million, it would almost certainly be better to go out and make the accounts yourself for maximum rates.

The other thin... [ More ]

Reply #31

DC81 — Sun, 21 Sep 2008 17:18:01 GMT

I dunno, if I were to have a underground bunker with a safe and everything, I think I'd use it for gold as well as other precious metals and gems. At least they should still be worth something even if our dollar becomes worth less than the paper it's made from.

And this is actually something I've thought about before....

Reply #30

Piaceri — Sun, 21 Sep 2008 16:52:24 GMT

Do not forget that CDARs are insured up to $50m.

Reply #29

Jeffg330 — Sat, 20 Sep 2008 20:48:20 GMT

Where to park 50 million, gee what a nice problem to have..... If I were to worry about protecting my wealth I would simply open a personal account for 100k each for my wife and myself, one joint account for us both for 200k, and a payable apon death account for each of us for another 100k each. That covers you for 600k insured dollars in one bank. Do that with half the money at 40 some odd banks, take the other 25% and invest it in goverment bonds, gold, ect..... and take the last 25% in cash a... [ More ]

Reply #28

DC81 — Sat, 20 Sep 2008 18:58:24 GMT

I think investing in building reasonable priced, nice apartment complexes would be better than buying single family houses.

Reply #27

GamerMom — Sat, 20 Sep 2008 15:09:11 GMT

well i don't see tons of homeless people out on the street so they have to go somewhere, i might as well collect what I can! I'm no donald trump, i don't want to turn a huge profit, rather maintain what I have and risk it in real estate rather than the banks.

Reply #26

time*treat — Sat, 20 Sep 2008 14:46:22 GMT

If they didn't pay their mortgage, why do you think they'd pay their rent

Reply #25

GamerMom — Sat, 20 Sep 2008 13:14:01 GMT

actually I wonder if real estate isn't the way to go at the moment. Buy lots of houses that are in the $100,000 range and rent them out because the way things are going there are more foreclosures which means more renters. Then when the market picks itself up again if you are tired of the real estate business you can sell all of your houses. No banks to worry about and unless someone burns your property to the ground (and you don't have insurance) you don't really lose any $$$.

Reply #24

myturn08 — Sat, 20 Sep 2008 12:04:27 GMT

With all this speculation, it would be real nice for someone who has money or delt with this before to give a reliable answer

Reply #23

grengrad — Sat, 20 Sep 2008 11:19:44 GMT

The more money you have the more time it takes to manage it.

The GOVERNMENT insures people's deposits up to $100,000 to prevent your average person from losing everything if their bank goes under. This also creates CONFIDENCE in the banking system, so that people will not do a run on the banks of times are tough, making them worse, and crashing the financial system.

There is no reasonable reason for them to insure $100,000,000.

1. You would be perfectly fine even if you lost 90% of your... [ More ]

Reply #22

sirbrad — Sat, 20 Sep 2008 08:17:56 GMT

I would invest, however I am trying to find out the options and security for not investing as well. Why is it that one must automatically invest millions in order to have some sense of security? Sounds like some type of conspiracy to me. I know that Millionaires/billionaires do not invest all of their money entirely, as that would be a huge risk also. So it is also a risk not to have it doing nothing, and just sitting in a savings account?

So basically you are saying that if you have millions... [ More ]

Reply #21

tntea — Fri, 19 Sep 2008 20:25:39 GMT

Maybe he knows something others should. Maybe $$$ ...lol ... I have learned... $$$$ will not leave me... NO WAY NO HOW... Others beware.. lol You can't Touch this....

NOT MY MONEY

Reply #20

jarasan — Fri, 19 Sep 2008 02:14:35 GMT

Mr. Psykomo has the touch, a very special touch.

http://www.youtube.com/watch?v=DcNUx0-XEfw feature=related

Reply #19

jarasan — Fri, 19 Sep 2008 01:54:42 GMT

Yes, that is what Jesus would do. He would also help his sisters and his mom.

Reply #18

tntea — Fri, 19 Sep 2008 01:43:10 GMT

wow. .Not deleted.... wow is all I can say... You got the touch... I guess

Reply #17

time*treat — Thu, 18 Sep 2008 23:43:00 GMT

According to a Sept 14, 2008 article in the Financial Times Wall Street Crisis hits stocks , one of the emergency measures implemented by the Fed was the suspension of the rules prohibiting banks from using deposits to fund their investment banking subsidiaries.

Reply #16

manofmany — Thu, 18 Sep 2008 23:22:26 GMT

For me, I WOULD have several $100,000 accounts. Probably around 10-15 split between checking and savings/money market. I'm VERY big on gold investments. I know alot about that market and have made VERY generous profits from it before. I would amass a good amount of gold. I would invest in a near indestructible safe in a secure location.

I also believe cash is king. Believe it or not I use to keep 30k cash on hand at all times when I actually had money

Reply #15

pacattack05 — Thu, 18 Sep 2008 22:49:04 GMT

As long as your brother dosen't live on a dollar a month.

Reply #14

psykomo — Thu, 18 Sep 2008 21:17:29 GMT

THANK'sssssssss for UR support bigato1010:

Most people on the LP donot know that (or realize) that PSYKOMO has a

Little BRO named psyjomo and he live's in a pur country somewhere

in centrail america..........BUT and we all know ther is alway's a BUTT

out dare somewhere???BUT we send HIM the cuzion's MONEY$$$$

as much as we can AFFORD in these TRY'in TIME'$$$$$$$$$$$$$$$$$$

LOL JACKPOT 2-U MYFRIEND$$$$$$$$$$$$$$$$

PSYKOMO

Reply #13

bigato1010 — Thu, 18 Sep 2008 20:38:17 GMT

I swear PSYKOMO your comments are funny as hell

Reply #12

psykomo — Thu, 18 Sep 2008 20:28:51 GMT

WHY worry Nancy Peso and her RICH hubby from kaliephonu

will BAIL-U OUT Maby she will send U a case of wine if U-WILL V

for O'BAMA BARBARA TRYZAND $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

JUST MAKE a huge contro to the DEM'$$$$$$$$$$$$$$$$$$$$$$

GREAT SOCIETY they will set YOU FREE!!!!!!!

if U-WANT CHANGE send MONEY lot's of $$$$

to O'BAMA

THEN U may or may not get UR call THANK-YOY from KALIEPHONU!!!

NOTE:

PLEASE tell O'BAMA to HELP his PUR 1/2 brother who lives on $13/week... [ More ]

Reply #11

KY Floyd — Thu, 18 Sep 2008 17:35:27 GMT

Nobody who has millions and a lick of sense isn't interested in investing. They may not devote their life to it, but they make some sort of effort. Whether you invest or not, the only way to protect a large investment is to be conservative and to spread it around into a lot of small amounts.

That leaves you two basic choices. One is to buy a big house, put in a good security system, and keep the money in your basement. The other is to devote a bit of effort to managing it as if it actually ma... [ More ]

Reply #10

beaudad — Thu, 18 Sep 2008 17:08:52 GMT

sirbrad..............you might want to check....the FDIC may insure 100,000 HOWEVER A GOOD TAX ATTORNEY ONCE TOLD ME.....ITS INSURED TO 100,000,,BUT THEY CAN TAKE UP TO 10 TEN YEARS TO PAY YOU BACK.........CHECK IT OUT,,,,,,,,,,beaudad

Reply #9

beaudad — Thu, 18 Sep 2008 17:01:08 GMT

Here's one that shocked me.......the slogan of FDIC insured up to 100,000 dollars.............what I had a good tax attorney tell me was yes it is insured to 100,000..............HOWEVER .....THEY DON'T TELL YOU.........THAT........ THEY CAN TAKE UP TO 10 TEN YEARS TO PAY YOU BACK.......................ASK AROUND.......SEE IF I AM RIGHT......beaudad........

Reply #8

dvdiva — Thu, 18 Sep 2008 13:30:21 GMT

No imports or exports would kill our economy.

The problem I see with this crisis is CEO's and the board of directors of companies getting government bail outs are facing no consequences for their actions. It's one thing to take risks in business and fail it's another to do so at taxpayer expense.

Taxing our way out of depression also never works. The hardest hit are small businesses that make a big supplier of jobs. No jobs no recovery. The very rich can just move their money elsewhere in... [ More ]

Reply #7

grengrad — Thu, 18 Sep 2008 13:21:37 GMT

You can also invest in bonds or mutual funds through a brokerage account.

SIPC provides insurance coverage up to $500,000 of the customer's net equity balance including up to $100,000 in cash.

OptionsXpress, Muriel Siebert, Wells Fargo, Firstrade, Schwab, Fidelity, Vanguard, TradeKing, E*Trade, Ameritrade, Scottrade, the list goes on.

So, with a few mouseclicks and some savy choices, you can cover 5-10 million in no time.

Reply #6

smooth05 — Thu, 18 Sep 2008 06:03:58 GMT

lol i agree especially with our economy looking like it's gonna collapse i'd only put like half a million in the bank the rest is staying with me in a big house with a security system and a couple of guns i'd buy.

Reply #5

savagegoose — Thu, 18 Sep 2008 05:10:44 GMT

that states a the same institution, so yeah $100k accounts at multiple banks, multiple pesnion funds and testimentory trusts ie living wills. still would only make about 10 mill if you did 10 banks? are there even 10 banks left in america?

I guess you have discovered the truth about winning lotto, it isnt all happy campers and easy living, with large money comes larger worries. still %4 on gov bonds doesnt sound too bad if u have $50 mill; thats 1 mill a year. enough to get by on i imagi... [ More ]

Reply #4

Piaceri — Thu, 18 Sep 2008 04:11:52 GMT

First things first - take the cash option - literally.

2 purchases - #1 buy a very large mattress #2 buy a very large gun with bullets (or shells if you want broad form coverage)

3 tasks - #1 stuff $100 million cash into very large mattress, #2 learn to handle shoot very large gun #3 keep very large gun loaded at all time (keep away from small children and idiots

Reply #3

sirbrad — Thu, 18 Sep 2008 03:18:57 GMT

What about the people who have millions who have no interest in investing? If I had $100 million dollars investing would be fun, but I would not need to. I would never spend all of it in many lifetimes. So how can I be protected if I do not want to bother with investing, and the IRS

Reply #2

KY Floyd — Thu, 18 Sep 2008 02:51:12 GMT

Most people with millions of dollars, and all people with billions of dollars have the vast majority of their wealth invested in things that offer no insurance. Stocks, bonds, real estate, commodities, and more. The way to insure that you don't lose your money with big investments is to understand what you'e investing in, and put your eggs in a lot of different baskets.

Reply #1

pacattack05 — Wed, 17 Sep 2008 23:29:52 GMT

U.S treasury bonds. A 100,000.00 a piece.

Full faith backed up by the govt. The only way to NOT get your money is if the country went totally bankrupt. And almost 4 percent interest.

Only way to go.

FDIC only $100,000?

sirbrad — Wed, 17 Sep 2008 23:15:52 GMT

So how does someone insure their money if they win say $50,000,000? That is kinda stupid and I would not want that much money sitting in the bank uninsured. Unless you bought a ton of $100,000 CD's? So what do people do who win a large amount fir insurance? I heard there is something called a CDAR or something that covers up to $50 million.

But instead of worrying about insurance, investing, and taxes, I may just take the annuity at this stage being the jackpot is so high it doesn't matt... [ More ]