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by Hillbilly on September 15th, 2009

Hillbilly

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If a person wins astronomical amounts of money from their state Lotto, and the Banks only insure $150.000. Does one have to divide, say, $27.000.000 in several Banks?

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  • by Thriftymaid on September 15th, 2009

    Thriftymaid

    Yes, if you want your money in banks. There are other ways to invest with different limits, but be sure you know how they are insured.

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  • by Rollie on September 15th, 2009

    Rollie

    Yes and into different kinds of accounts also. I would place it with a good financial firm and instruct them to only place it in insured accounts.

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  • by technios on September 15th, 2009

    technios

    money is worth the same paper it is printed on by the governments that saught to enslave people from it's creation. Humanity is at the tipping point as far as considering it as valuable! because apparently it changes........ never for the better too....... just look at every government that has coined... point noted... slavery is inconsistancy of currency!!!!!!!!!!!!

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