you originally told a poster that it was foolish to have you money in a few accounts because of the FDIC limits. i was just letting you know that that's not sound advice (at least not for the FDIC reasons) because private insurance exists and the government has not let reputable banks fail in the past. investment strategy is like arguing about a$$holes. but the point about "risky" investments is dumb IMO when you already have millions and have a short earning life. you need to be on asset protection and slowly growing that money. especially when you're under-educated in finance like most these brothers are and thus susceptible to getting took.
No I never said its foolish to have money in a few accounts, there is no need to lie about what was written on a forum where the shyt is easy to confirm.
You weren't just letting me know anything, you literally wrote to me about some shyt that made no sense regarding what I wrote. Period.
Nothing dumb about risky or high reward investments with expendable funds, its expendable funds for a reason.
You can take a multi-faceted investment approach, longterm low risk index investment, hedge fund investment, and a small percentage on VC or high risk investments. Nothing wrong with that.
Most of these guys are lazy and foolish, which is why they end up broke, instead of trying to cater to their stupidity they need to invest and educate themselves on their money. I can't care about their money more than they do.
As for FDIC
Someone else talked about FDIC insurance, another poster said is that real, and I posted FDIC facts. Simple as that.
Washington Mutual just failed, in 2009 140 banks failed in 2010 157 banks failed worth 92 billion
So banks fail all the time as well, just have to pay attention to your respective banks.
