Where do you keep your money?

[DeniX3]

Hello BHers,

just want to know where do you guys keep your money? Spread all between many banks or just 1 bank? Under your bed? Car?

After the Cyprus story, its clearly proofed that a bank account is not a safe place for your money, like you thought before.

 

[Rozla]

Well I'm thinking to buy a solid proof safe too put all my money in, with all the noisiness from the bank lately it's getting intrustable if someone is getting decent money.

 

[hurn]

invest on properties and deposit on local government banks

 

[Naaoki]

Keeping my money safe into Paypal, Mohaha

 

[Aaric]

under bed

 

[Known]

Buy gold? I don't think I'll have any problem with my money, I use a pretty well known commercial bank in my country. All money in 1-2 accounts, if you don't trust your bank, open a bank account in another country with a more reliable currency.

 

[fbfbfb]

under bed

lol invite me to your bedroom

Btw i just do Fixed Deposit in local private bank.

 

[DeniX3]

Its not that i don't trust, but you cant keep lets say your blackhat money in an bank account. Also i would never buy Gold with it. Remember question was were do you keep your money and not where to invest. And gold is bad now because its going down, how i heard.

 

[mickyfu]

I buy monkeys with my money, then I stick my monkeys in Paypal.

 

[emaloy97]

I used to stockpile money in liberty reserve accounts

 

[ageofz]

I keep mine mostly in an FDIC insured bank. I don't really spend it unless it's on cash flowing assets, mostly in the form of various online projects. One day, I'll invest in long-term assets like commercial real estate, index funds, other companies etc. The key is to diversify and always have backup plans in place in case something happens. Spread your wealth around. The only way I'd keep money in a safe would be if I was trying to evade taxes. The likelihood of me being robbed is much higher than a major U.S. FDIC bank failing.

 

[partymarty4870]

I buy property and gold

 

[ghettogong]

Asian founded banks would be the best. A safe is good too but you will to be sure the firetrucks can reach the area where you store the monkeys in case of fire.

 

[Alpha.]

You make a good point there regarding the cyprus fiasko.. My tip is to diversify... spread your cash out! Invest in real estate and keep the rest spread out in easy to reach accounts. I like to keep a "backup" sum on a offshore account (But you really need to know your way around offshore banks to find a reliable one nowadays).
Most people here seem to like gold? Well quite a few ppl learned their lesson the hard way when gold crashed in march... went from 1600 to 1350ish overnight! So I would be careful, you can loose a lot if you buy anything at the wrong time!

 

[tompots]

in my pocket, and my family's moth.

 

[lskt2012]

 

[sire243]

Chase bank ...

Probably when I'm bringing in 5-6 figures a month, I'll move 20% to an offshore bank account (for emergencies.) Liquidate about 10% (for emergencies) Buy up some business Invest into some bonds/stocks, and then keep like 10% in chase bank and 10% for my spontaneous IM campaigns/money to live on.

 

[Gogol]

Buy 100% pure Gold coins with that money and keep them in bank lockers...

 

[capripio]

Inside the nuclear reactor

 

[fsatark]

Although my opinion is that is quite risky to keep your all money in a bank don't forget that what happen in Cyprus had to do ONLY with bank accounts with more than 100000 Euros in cash and they don't loose all they money just a small percentage (on the other way the last 5-6 years the banks in Cyprus offer rates up to 5-6% every year - this rate was extremely high for Euro).
All the people with bank accounts with less than 100000 Euros doesn't loose a penny!