KimonoGlory
Tue Jul 02 2024
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5 answers
1083
Where do millionaires keep their money if banks only insure 250k?
With banks typically limiting deposit insurance to $250,000, one wonders: Where exactly do millionaires store their vast wealth? Do they rely solely on physical assets like real estate or precious metals? Or do they utilize alternative financial vehicles such as trusts, hedge funds, or cryptocurrencies? Surely, they must have a sophisticated strategy in place to safeguard their fortune and ensure its growth in today's volatile economic environment. The question begs to be answered: How do millionaires safeguard their assets beyond the scope of traditional banking institutions?
