Quoted:
Quoted: I see the biggest problem finding enough banks(each only insured too 100,000.00)to put it in!!!
You gonna have 500 + bank ledgers(fill your whole front room up)cheque books everywhere!!!
Guess I would need help keeping track of all of it!!!
I would try though!!!
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I thought the FDIC insurance was per account. So you'd just need a lot of accounts.
Anyway, with that much money you'd just hire somebody to manage it. Or put it in stocks, land, etc.
I'd buy a bunch of land, a swank house to put on it (SF style, of course), guns, ammo, and an armed APC or tank. Gotta have something to patrol the fenceline with.
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Thats what I had reference with ,you would need 5 (banks)accounts for 500,000.00 thats 1/2 mil!!
You will win over 100 mil(less Uncles tax)you would have lump sum about 70 mil to laundry!!
You would need 700 accounts (don't forget the 700 cheque books) just to hold the money till you could put it where it was needed!!
You would probably want to donate a mil to the salvation Army,red cross,and the Cambodian Childrens fund right off the bat(just to keep them from camping out on your front lawn!!!
I have plans(IRA,trust funds,yada,yada,yada ,real estate) and a much bigger house,somewhere in the Grand Titons just to hold my many newest best friends!!
Bob