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Bank Savings
Why in the world would a
stock picker turned author open a critical section in his website with FDIC
insurance?
I started here because
somewhere along the way I realized that some investors get unnerved by stock
fluctuations. Many investors can’t take the emotional stress of big swings.
They like “secure and steady”. There’s a lot to be said for safety.
Preservation of capital is the most important aspect of becoming wealthy.
All the great investors have one thing in common; they know how to minimize
their losses.
FDIC insurance is an
excellent failsafe mechanism for investors. Banks, in general, have some
very creative and innovative product offerings that meet the investment
goals of many young investors. When opening an account, focus on the FDIC
insurance regulations. Try to make sure your accounts are titled properly,
the paperwork is in order, and coverage maximized.
When dealing with money,
safe is good!
Please choose the subject of your interest from below or from the left side
column.
- FDIC Insurance
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Savings Accounts
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Money Market Accounts
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Money Market Mutual Funds
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Certificates of Deposit (Time Deposits)
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Holiday Savings Clubs
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Vacation Savings Clubs
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Treasury Savings Bonds
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