wrote in message
...
On Mon, 10 May 2010 23:16:39 -0700, "nom=de=plume"
wrote:
wrote in message
. ..
On Mon, 10 May 2010 21:08:36 -0700, "nom=de=plume"
wrote:
wrote in message
m...
On Mon, 10 May 2010 14:53:45 -0700, "nom=de=plume"
wrote:
We all should agree with that. I don't even keep all my money in the
same bank.
Doubtful. 
I don't keep my money in banks. I use the credit union. I
had
BofA, but I don't like their policies.
Only one? What do you do when they **** you off? ... or just close for
some reason?
I like at least 3 banks and at least 2 insurance companies. Then when
you get mad at them it is easy to close out and go.
Sounds complicated and time-consuming, but if you don't mind....
What's complicated? Opening a few statements every month? I just think
of it as keeping my money in a couple different pockets. One is debit
card transactions for my day to day, one is checks and EFTs for bills
and one is linked to my brokerage account. I think that is easier.
The only one that is really dynamic is the debit card. The other two
are very predictable. I usually know what the ending balance should be
before I open the envelope.
Umm... banks (mostly) are FDIC insured. No one under the $200K (now) limit
has ever lost a dime. If you've got more than that in a bank, you're doing
something wrong. I avoid debit cards except for gas. Keep in mind that
they don't have the protections that CCs do.
If it is a Visa/MC marked card they give you virtually the same
protection. I use my debit for just about everything but I do keep
some cash around for the day the card stops working..
I agree the FDIC will protect your deposits but it might not be
immediate. Saying something never happened is also no assurance it
never will. The Dow never lost 1000 points in 10 minutes before
either. I really think we will see a lot of things that never happened
before in the next decade.
Actually, it's always immediate. You money never "goes away" to be later
retrieved. Your money is completely safe, as long as there's a Federal
gov't. The stock market isn't really a good counter example. The moon hasn't
crashed into the earth, but I suppose it's possible.