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Started By
Message
AAA Morgan Stanley Money Market
Posted on 10/24/23 at 9:02 am
Posted on 10/24/23 at 9:02 am
I have my cash in the above account. It’s drawing an even 5%. I am a bungling idiot about investing so I am parking everything other than what I have in some IRAs and insurance policies here.
So with the doom and gloom being spoken about, how safe is cash parked here? It’s insured to 250K per depositor so between me and my wife we are covered to 500K. I don’t want to think about that case. Are AAA accounts safe?
Or should I divest it to multiple banks?
I know for some of you this is a stupid question but I don’t really know.
So with the doom and gloom being spoken about, how safe is cash parked here? It’s insured to 250K per depositor so between me and my wife we are covered to 500K. I don’t want to think about that case. Are AAA accounts safe?
Or should I divest it to multiple banks?
I know for some of you this is a stupid question but I don’t really know.
4
Posted on 10/24/23 at 11:56 am to XenScott
quote:
So with the doom and gloom being spoken about
quote:
insured to 250K per depositor
What happens if they can't fulfill that obligation?
This post was edited on 10/24/23 at 11:57 am
Posted on 10/24/23 at 12:52 pm to TheBoo
quote:
So with the doom and gloom being spoken about
quote:
insured to 250K per depositor
What happens if they can't fulfill that obligation?
That's exactly what i'm asking about. How stable is a AAA account?
Posted on 10/24/23 at 1:36 pm to XenScott
I still stand by USFR as the go to place to put all cash like this. And it's paying 5.5%.
Posted on 10/24/23 at 2:37 pm to XenScott
AAA accounts are fine. MS has 2 banks to work with so bt you and your wife 1MM qualifies for the preferred savings. it's safe and insured by the FDIC.
Posted on 10/24/23 at 3:31 pm to Big Scrub TX
quote:
I still stand by USFR as the go to place to put all cash like this. And it's paying 5.5%.
I appreciate you bringing this to our attention awhile back. I’ve been putting free cash in it ever since.
Posted on 10/24/23 at 9:11 pm to XenScott
Invest in some proper tail risk hedge funds.
Posted on 10/25/23 at 12:04 pm to BourbonDad
quote:
Invest in some proper tail risk hedge funds.
Well, this is just where I park cash. I'm a business owner and part of the covenants me and my partners have with the banks we deal with is that we keep a certain amount liquid personally. They don't penalize us if we don't, we just get some preferred rates and lending perks.
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