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Old 10-12-2007, 09:35 AM
mtgordon mtgordon is offline
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Join Date: Apr 2005
Posts: 723
Default Re: concerned about FDIC insurance limit?

Man, I need to start clarifying more when I write posts. My previous post about the brokerage going under was in reference to cash in the Zecco account. I understand (now that people pointed it out) that my stocks are safe up to 500k, but I think that the cash is only safe up to 100k. Therefore if I had 200k it would probably be worth cashing it out and moving it off of Zecco 100k at a time just in case I would have 200k there for a day and they went under at that time. Obviously a very rare thing in general, but I was just making the comment.
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