What are good ways to invest amounts of money over $100,000 since FDIC doesn't insure past that level?

Answer 1

FDIC doesn't insure investments only bank accounts. If you are investing you are taking risk. If you are just storing money in a bank open accounts in more than one bank if you are worried. You can read the financial statements of banks and find the stronger ones if you need to store large amounts of money.
FDIC insures up to 100K for each different account so if you have one, spouse has one and joint has one you could insure 300K or just go across the street and find another bank.

Answer 2

Well you can either invest in a Real Estate Company where you can earn from 8-13% interest on the money you allow them to loan out, however most real estate brokers want 50 to 100K to play with. The other option is to possibly look at a few blue chip stocks that are constant growth companies where you can make interest there. Both are better than leaving you money in the bank since the interest rate on both options are higher than what the Feds are going to give you back.

Answer 3

First, all accounts with the same title are grouped together, so, simply opening multiple accounts does you no good.

Assuming that a government guarantee is important to you, you have several choices.

Put $90,000 in each of multiple banks (this is to allow for accumulated interest to be covered)

Invest directly with the US government. This has the additional benefit (depending on where you live) of being free from state and local taxes.
http://www.savingsbonds.gov/indiv/myaccount/myaccount_treasurydirect.htm

Answer 4

Silly goose!

The FDIC doesn't insure EACH bank deposit beyond $100,000, so if you have $500,000 in the bank, put it in 5 different accounts!

The FDIC does not insure investments at all, only bank DEPOSITS!

Answer 5

If you want FDIC insurance, you can divide your sum over as many different banks as needed. But the returns will be low.

Answer 6

There are ways to get around that. If you plan on just having one person on an account.......then ya, you shouldn't do anything over $100k.......but, if you have a POD on the account each POD is covered for $100k as well.....so lets say you wanted to invest 400k you could have yourself on the account and 3 PODs and the money would be covered.

To the person above....it is not per account......For each bank, it is $100k per social security number/tax id number.

Answer 7

My grandfather had about 400k in CD's at retirement, and he had his funds at 4 different banks. That way, if one bank went under, he still had easy access to 3/4 of his wealth.

Answer 8

Unfortunately, BOB is really the only true correct answer here.

Answer 9

That's per account - split it over several accounts