cougarguard.com — unofficial BYU Cougars / LDS sports, football, basketball forum and message board  

Go Back   cougarguard.com — unofficial BYU Cougars / LDS sports, football, basketball forum and message board > non-Sports > Finances

View Poll Results: How much money do you have in personal bank account(s)?
less than 100k total 17 94.44%
more than 100k, but less than 100k in each individual account 1 5.56%
More than 100k in at least one account 0 0%
Voters: 18. You may not vote on this poll

Reply
 
Thread Tools Display Modes
Old 10-03-2008, 05:58 PM   #11
MikeWaters
Demiurge
 
MikeWaters's Avatar
 
Join Date: Aug 2005
Posts: 36,363
MikeWaters is an unknown quantity at this point
Default

Quote:
Originally Posted by minn_stat View Post
It seems to me that raising the FDIC limit to $250k is a pretty meaningless gesture - kind of like your typical American wedding these days. I don't know very many wealthy people, but the few I do know wouldn't even think of putting over $100k in a single account.

Those of you with financial acumen, is there really a non-symbolic usefulness to this act? If not, and we are truly in a "crisis", why are they wasting time on this type of nonsense?
small businesses might deal with a lot of liquidity and have more than 100k in an account.
MikeWaters is offline   Reply With Quote
Old 10-03-2008, 06:44 PM   #12
Clark Addison
Senior Member
 
Clark Addison's Avatar
 
Join Date: Jul 2007
Location: North Carolina
Posts: 638
Clark Addison is on a distinguished road
Default

Quote:
Originally Posted by MikeWaters View Post
If we had more Asians here, the number of big savers would be higher. As it is, we have a bunch of haoles who live hand to mouth.
By Bank account, are you including investment accounts? I thought it just meant FDIC insured accounts. I don't know anyone with over 100K in an FDIC insured account, since it's hard to make a decent return on one.
Clark Addison is offline   Reply With Quote
Reply

Bookmarks

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT. The time now is 09:47 AM.


Powered by vBulletin® Version 3.8.2
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.