If u won 250 million and took the cash-where would u put it-don't most banks only insure up too 100k?

FDIC insures up to 100K. If you were invested, most brokerages are covered by SIPC insurance.

Terms of SIPC insurance claims that customers of a failed brokerage firm get back all securities (such as stocks and bonds) that already are registered in their name or are in the process of being registered. After this first step, the firm's remaining customer assets are then divided on a pro rata basis with funds shared in proportion to the size of claims.

If sufficient funds are not available in the firm's customer accounts to satisfy claims within these limits, the reserve funds of SIPC are used to supplement the distribution, up to a ceiling of $500,000 per customer, including a maximum of $100,000 for cash claims. Additional funds may be available to satisfy the remainder of customer claims after the cost of liquidating the brokerage firm is taken into account.

SIPC is your first line of defense in the event of a brokerage firm failure. No fewer than 99 percent of eligible investors get their investments back from SIPC. From its creation by Congress in 1970 through December 2001, SIPC advanced $513 million in order to make possible the recovery of $13.9 billion in assets for an estimated 622,000 investors.

When a brokerage is closed due to bankruptcy or other financial difficulties, the Securities Investor Protection Corporation steps in as quickly as possible and, within certain limits, works to return to you cash, stock and other securities you had at the firm. Without SIPC, investors at financially troubled brokerage firms might lose their securities or money foreverâ€¦or wait for years while their assets are tied up in court.

Brokerage account with Fidelity or Charles Schwab. They will take you with open arm.

i would invest half of it in secure cds or something and the rest set up accounts all over the world plus here...

A ladder of U.S. Treasury securities.

real estate real estate real estate.
go buy some houses CASH !

already checked into this; it isup to 100k for each account, there are other ways you can set up different accounts...check with your bank

money like that is loaned out not kept in a vault very long at all.

split it between 2500 accounts

you open up an offshore account where they pay u higher interest and uncle sam cant get their hands on your money!!

I would blow it all in Vegas at the roulette table. Always bet black or odd

Hire an accountant and get a good financial person that can manange my assets over all and look over my moves. Buy lots of safe long to mid term investments like guaranteed rate bonds. Put as much as I can in lots of different banks but not too many to keep track of. Then I would buy a bad neighborhood one house at a time, flatten them and build luxury condos.

Enter Your Message or Comment

User Name:
User Email:
Post a comment:

Archive: Forum -Forum -Finance - Links - 1 - 2 - RSS - All RSS Feeds
The Causes and the Results. 0.014
Copyright (c) 2011 Financial Crisis Monday, May 28, 2012 - Terms of use - Privacy Policy