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if you won the lottery...

JohnCU

JohnCU

Banned
Let's say you got a total sum of $170 million, now... besides sharing it with all of ATOT, where would you keep it? I mean, aren't bank accounts only insured up to $100,000?
 
Originally posted by: z0mb13
get a real good personal wealth manager

maybe create a portfolio?
Click to expand...
That's what I'd be doing. I'd buy a few things that I want/need, of course, but I doubt if that would exceed a few hundred thousand, and I'd share some with family and close friends, but the majority of it would be put away to ensure that I never have money trouble.
 
Originally posted by: JohnCU
Let's say you got a total sum of $170 million, now... besides sharing it with all of ATOT, where would you keep it? I mean, aren't bank accounts only insured up to $100,000?
Click to expand...

t-bills.
 
Originally posted by: SuperCommando
Originally posted by: z0mb13
get a real good personal wealth manager

maybe create a portfolio?
Click to expand...
That's what I'd be doing. I'd buy a few things that I want/need, of course, but I doubt if that would exceed a few hundred thousand, and I'd share some with family and close friends, but the majority of it would be put away to ensure that I never have money trouble.
Click to expand...

don't forget your ol fashion buddy.😀
 
can you get a traveler's check for 170mil? can't those be replaced if lost? no? then i'd pay somebody to open up a bajillion bank accounts, and put in 100,000 into each...for that job, he can get one of those accounts
 
Well, I think you can do bonds and stuff for amounts greater than $100,000. Plus there are so many rich/famous people, I'm sure they have banks that are insured higher.
 
FDIC insurance is only up to $100,000, I believe, but I'm sure there are banks out there who will insure you higher.

Or, you could just open 1700 bank accounts, which I'm sure someone out there does.
 
Bank accounts aren't the only places to put money.
Also, IIRC, FDIC insurance isn't for robberies (banks have separate robbery insurance). FDIC insurance is in case the stock markets crash again, which in today's society doesn't seem as likely as it did back when FDIC was introduced.
 
Originally posted by: JohnCU
Let's say you got a total sum of $170 million, now... besides sharing it with all of ATOT, where would you keep it? I mean, aren't bank accounts only insured up to $100,000?
Click to expand...

Off-Shore Account in the Cayman Islands
Swiss Banc account

and under my mattress 😀
 
I'd buy a nice house $500,000 or so with an enormous multi-car garage. Buy a dozen or so different cars I've been wanting. Buy the company that I run right now, and dump the rest into gold.
 
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