If I had $250k sitting like a duck in my bank account, I don't think I would take my financial advice from random websites. Sorry, but I just don't understand what the target audience of this is.
The extra burden - mental, accounting, tax compliance - of acquiring additional investments is worth something, and taking on that burden for measly returns may not be worthwhile.
I'm only talking about short-term investments here. The whole point of short-term investments is that the principal needs to be relatively safe - but with that, the returns are meagre as well. Simply spreading it between multiple banks may be worth it.
Plus my "a lot" comment wasn't specifically connected to short term CDs. If you are going to let money sit for years, short term investments like that are the worst for growth second only to keeping everything in cash. That approach should only be taken by the most risk-averse people or people who need liquidity. Even still, OP is probably missing out on 5-figure potential gains by just doing nothing with over $250k+ for years. "A lot" is relative, but that is decent money that OP is effectively losing.
investment accounts are insured up to 500k/account by the SIPC
Where some workers who didn't go to college make more than 6000/month, and are able to store money.
France here, you win 2000€/month (on a 36k/year job) when you graduate from an engineering college. And the government is about to lower social security to have you save in 401Ks anyway.
I see this event as a black swan for startups: some will be wiped out like dinosaurs 65M years ago with their only fault being not aware of the meteor risk. Deal templates will get amended and the next batches will go on as before.
Besides I’ll be very surprised if SVB isn’t called JPM by 9 am Monday.
It will be called the Deposit Insurance National Bank of Santa Clara (DINB) on Monday. https://www.fdic.gov/resources/resolutions/bank-failures/fai...