- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
High net worth cash holdings
Posted on 9/17/08 at 3:26 pm
Posted on 9/17/08 at 3:26 pm
Noticed the conventional wisdom on here is that you should limit cash holdings in banks to the insured maximum. Obviously with a couple of hundred thousand in cash, that's easy to do.
However, what about for individuals with $100 million or more in net worth. What do with the cash portion of their wealth - treasuries???I know that there are private market insurance alternatives, but I saw one company owned by Buffet is pulling out of the market. Must be a real headache right now.
However, what about for individuals with $100 million or more in net worth. What do with the cash portion of their wealth - treasuries???I know that there are private market insurance alternatives, but I saw one company owned by Buffet is pulling out of the market. Must be a real headache right now.
4
Posted on 9/17/08 at 3:27 pm to DandyPimp
quote:
What do with the cash portion of their wealth - treasuries???
Just hold the cash and enjoy the deflation...
Posted on 9/17/08 at 5:31 pm to DandyPimp
quote:
However, what about for individuals with $100 million or more in net worth.
Slow down there, Dandy, the Shale money hasn't started flowing yet!
Posted on 9/17/08 at 8:27 pm to DandyPimp
Doubtful anyone that wealthy just keeps cash lying around, they'll have it in money market accounts at the very least. Or bonds like you suggested.
But someone with that kind of money isn't getting advice here on TD, so maybe they're doing something else. Maybe they just trade the rights to soccer players and hookers instead.
But someone with that kind of money isn't getting advice here on TD, so maybe they're doing something else. Maybe they just trade the rights to soccer players and hookers instead.
Posted on 9/18/08 at 8:32 am to DandyPimp
quote:
However, what about for individuals with $100 million or more in net worth. What do with the cash portion of their wealth - treasuries???
WSJ Article
That's one way I suppose
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News