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Is bank safe for this amount.

Discussion in 'BlackHat Lounge' started by SeoNuuby, Nov 13, 2012.

  1. SeoNuuby

    SeoNuuby BANNED BANNED

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    Ok, thanks for some of the advice.
     
    Last edited: Nov 13, 2012
  2. muxmkt

    muxmkt Power Member

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    if the bank go broke you lose it all

    plus

    will you have $100 million in the bank?

    Thats cool hahah
     
  3. skripel

    skripel BANNED BANNED

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    i never thought BHW would have this ridiculous questions but anyhow. If you ever get $100 mil, i dont think you will be worrying about your country and the banks in it. I suppose you would have professional advisers for that matter and access to any bank of any country in the world. And yes there are banks that can be trusted!
     
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  4. hpv222

    hpv222 Power Member

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    As soon as you earn $100 million, you will be able to afford the services of the best investment consulting firms in the World and I'm sure that they will be able to give you a pretty good advice on how to manage your money. The banks in EU guarantee deposits of up to 50 000 Euros and in the States the amount is $100 000 as far as I know...
     
  5. MasterMagician

    MasterMagician Junior Member

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    From my unprofessional point of view i can say that there is a much much bigger chance you will lose your money by a bank going broke than gold losing its value any time soon. Matter of fact i believe gold prices will keep rising the next 3-5 years so i am acting accordingly with much less than $100 million :D
     
  6. RawData

    RawData Newbie

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    He said he just wants to keep the $100 million in his "Student Free Checking 50" account, no interest, no nothing.

    Dang, why can't you understand that?
     
  7. uuhoever

    uuhoever Registered Member

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    You can also put it in money market accounts at brokerage firms. They usually buy insurance above the 100k limit. I know some offer $10 mil insurance SIPC. Like others said, if you have $100 mil you can get really good investment advisers that will spread your risk and let you know which banks are safe.

    Don't put all your eggs in one basket. If all you really want is banks, use several different banks around the world. When you get to $10 mil, PM and I can be your financial adviser.
     
  8. unclemike

    unclemike BANNED BANNED

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    Go back to Warrior Forum...Heard they have a WSO of how to choose a bank to hold 100,000,000...
    Think it cost only 100,000,000 :D
     
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  9. SeoNuuby

    SeoNuuby BANNED BANNED

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    I have less than $1,000 currently, but I want to clear all the small doubts I have.
     
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    Last edited: Nov 13, 2012
  10. dunhill

    dunhill Power Member

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    give me the 100mil .. i will keep it for u.. :)
     
  11. BHopkins

    BHopkins Moderator Staff Member Moderator Jr. VIP

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    This is the best answer.
     
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  12. Duffers5000

    Duffers5000 Elite Member

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    I would worry about making the dough before I worried about where I was going to put it. If I had a 100 Million I would invest in a fairytale mansion with 100 rooms full of beautiful women, in the grounds I would have a full sized football stadium and a Formula one racetrack where me and my friends could have some weekend races. Of course there would be a 24 hour 365 party on my ridiculously sized yacht.... Thats how I would invest my money.......whaever I had left over I might squander !
     
  13. bytzu

    bytzu Registered Member

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    you should buy Google Shares and vote against future updates like Penguin or Panda ;)
     
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  14. Godspeed

    Godspeed Regular Member

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    You will never earn $100mil, so don't worry.
     
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  15. muxmkt

    muxmkt Power Member

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    the day you have $100 million, the least thing you will have is the actual 100 million in your hands...
     
  16. frazgta

    frazgta Power Member

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    I can keep it safe for you. I get to keep 2% though. Deal?
     
  17. AnotherOne

    AnotherOne Senior Member

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    How you're so sure? Maybe he'll win a jackpot.

     
  18. west13

    west13 Junior Member

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    In my country deposits up to 100k are GTD by the state so basically I think your deposits are safe but I wouldn't keep all my eggs in one baskets... keep some at some, invest in gold, silver etc
     
  19. zebrahat

    zebrahat Elite Member

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    Whatever nest egg you acquire, it's best to put 10% in precious metals (physically held by you in a secure safe, no banks or certificates), buy at least one normal-sized home all-cash, and put most of the rest in several banks (in country, and offshore). $50 million at 1% interest is half a million bucks a year, not too shabby.
     
  20. RedQueen

    RedQueen Jr. VIP Jr. VIP Premium Member

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    ^^^ take that as your first thing to do with your money