Forum Replies Created
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AuthorPosts
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bsrsharma
ParticipantHigh yield money market is not covered?
Usually so, unless they clearly identify otherwise. The SDCCU high yield Checking account is covered. Usually, anything with the words Savings or Checking is covered. But always read the fine print or ask. I have never heard of a bank misleading to invest in non-FDIC accounts. (Customer stupidity is a different story)
bsrsharma
ParticipantYou think you get FDIC money in a week?
I very much think so. The instant the bank can't pay you, it is considered a failure and if I remember from S&L crisis days, they arrived within 2 to 3 business days and gave out cheques. Of course, you may have to consider blizzards etc., but a week seems very long.
bsrsharma
ParticipantYou think you get FDIC money in a week?
I very much think so. The instant the bank can't pay you, it is considered a failure and if I remember from S&L crisis days, they arrived within 2 to 3 business days and gave out cheques. Of course, you may have to consider blizzards etc., but a week seems very long.
bsrsharma
ParticipantYou think you get FDIC money in a week?
I very much think so. The instant the bank can't pay you, it is considered a failure and if I remember from S&L crisis days, they arrived within 2 to 3 business days and gave out cheques. Of course, you may have to consider blizzards etc., but a week seems very long.
bsrsharma
Participantcondogrrl,
I saw 6 month T Bills are paying 4.88% APR. I think you can do better and be very liquid if you split your cash into $100K or smaller chunks and invest in top FDIC insured savings accounts. You will average above 5%. I can assure you FDIC is very prompt in repaying deposits in failed banks. You can consider them same as T Bills. Using the FDIC cover, I think you can expose yourself to higher risk and get better return. If you win, you keep. If you lose, FDIC makes you whole. What is there to complain?
bsrsharma
Participantcondogrrl,
I saw 6 month T Bills are paying 4.88% APR. I think you can do better and be very liquid if you split your cash into $100K or smaller chunks and invest in top FDIC insured savings accounts. You will average above 5%. I can assure you FDIC is very prompt in repaying deposits in failed banks. You can consider them same as T Bills. Using the FDIC cover, I think you can expose yourself to higher risk and get better return. If you win, you keep. If you lose, FDIC makes you whole. What is there to complain?
bsrsharma
Participantcondogrrl,
I saw 6 month T Bills are paying 4.88% APR. I think you can do better and be very liquid if you split your cash into $100K or smaller chunks and invest in top FDIC insured savings accounts. You will average above 5%. I can assure you FDIC is very prompt in repaying deposits in failed banks. You can consider them same as T Bills. Using the FDIC cover, I think you can expose yourself to higher risk and get better return. If you win, you keep. If you lose, FDIC makes you whole. What is there to complain?
bsrsharma
ParticipantMight want to stay up a bit longer at night
No need as it is FDIC insured. Just make sure it is a Savings Account and not some High Yield Money Market Account.
bsrsharma
ParticipantMight want to stay up a bit longer at night
No need as it is FDIC insured. Just make sure it is a Savings Account and not some High Yield Money Market Account.
bsrsharma
ParticipantMight want to stay up a bit longer at night
No need as it is FDIC insured. Just make sure it is a Savings Account and not some High Yield Money Market Account.
bsrsharma
Participantnice, single family residence in SD for $270K
I agree this is highly probable.
bsrsharma
Participantnice, single family residence in SD for $270K
I agree this is highly probable.
bsrsharma
Participantnice, single family residence in SD for $270K
I agree this is highly probable.
August 13, 2007 at 8:41 AM in reply to: OT: Attention Walmart Shoppers, Disposable Car Coming to Walmart/Chrysler near you. #74208bsrsharma
Participantwhich is how the Japanese stole the business from the U.S. manufacturers
That is the operative statement. Wait for versions 2 or 3, we may all be buying. Just like Microsoft Windows!
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