Post #21 by Baltassar on the Millionaire Shrewds board

Personal Finance Topics / Millionaire Shrewds

Unthreaded | Threaded | Whole Thread (18)

Post New | Post Reply | Report Post | Recommend It!

No. of Recommendations: 1

The "other insurance" business is a mystery to me. It is clearly not intended to insure against some kind of general failure. Schwab's private insurance has an "aggregate" maximum of $600M, and a limit of $150M per person. I am at a loss to guess what kind of risk warrants such coverage. Accounts getting hacked, maybe?

Anyway, I've never held as much as $250K in cash on anything other than a transient basis. I keep what I think of as a "cash" reserve in an ultra-short bond fund, plus a modest pool of actual cash in my checking account.

Baltassar

Post New | Post Reply | Report Post | Recommend It!

Print the post

Unthreaded | Threaded | Whole Thread (18)

Prev | Next

Announcements

Millionaire Shrewds FAQ

Contact Shrewd'm
Contact the developer of these message boards.

A community forum supporting civilized, and highly helpful, self-educating investors that come together for Shrewdness and merry spirits. These message boards closely follow the look and feel of the old message boards at boards.fool.com prior to the boards redirected to discussion.fool.com. Shrewd'm is not affiliated with the comprehensive and excellent investment website, The Motley Fool (TMF), in any way. The Shrewd commmunity here has owed, and continues to owe, gratitude to The Motley Fool for nurturing a culture of jovial irreverence towards Wall St, and that tradition will continue here.