Is having more than 1 Million in the bank a bad idea?

**Susan F** · 01-17-2005, 09:40 AM

If the thought of having that money is keeping you up at night, feel free to pass some of that burden to me.

**DeadFidel** · 01-17-2005, 10:19 AM

Minus 1=50 from Costa Rica

**Stamen** · 01-17-2005, 10:27 AM

Why is the million dollars in the bank and not invested somewhere that it will make you more money, bank interest is shit.

**jazzll** · 01-17-2005, 10:47 AM

There's no money in having 1 Million in the bank

**Mogulman** · 01-17-2005, 10:52 AM

Originally posted by Wiggles

banks have insurance, never lose money.

This is only part true. Banks are insured by FCID, but that only covers up to $100,000 on a bank account. If you need to store more money than that, you should hook up with a qualified finanicial advisor that can set you up with a properly protected account. Its not something to be taken lightly.

**r3ap3r** · 01-17-2005, 10:53 AM

Split it into different accounts and invest.

**QuaWee** · 01-17-2005, 11:46 AM

you should invest it in real estate or some type of buisness

Is having more than 1 Million in the bank a bad idea?

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