@GamTrak 180204 wrote:
Maybe we need a stock market section. I really need to know how to invest my money other than keeping a fire-proof safe at home.
We can’t do a run on the banks and insurance agencies right or should we get our money?
Well nows the perfect time to start reading up on investing.
When I asked the bank yesterday if the credit crisis was effecting them they replied “not at all”
However, I deposited 1 money order for an affiliate commission and 1 business check from my retail site, both out of state and they cleared in 2 days. Normally there’s a 5 days hold on them. 2 days was surprisngly fast.
Banks and most credit unions are insured to $250k now. FDIC for banks and NCUIF for credit unions. It was 100k but they changed it last week to $250k. My credit union is insured up to $600k as the state covers the rest.
I’m keeping some cash on hand just in case I need it immeadiately and there’s none left to fill the ATM’s. 