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- Feb 15, 2005
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- Torrington, CT
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- UnknownSoldiers
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Shoot you could live off of interest alone if you put it in a savings.
Most banks only insure 100k per account in case of bankruptcy of the bank. So don't put all your eggs in one basket. Investing in the stock market would be much more reliable, and you'd get cool benefits of owning a part of your favorite companies.
I'd definitely keep 1 mil cash in my house at any time though, just so I could do the really cool "briefcase full of cash" thing all the time when buying stuff.
Imagine walking into a Ferarri dealer and opening up a metal briefcase full of bills and saying "I'll take it!"