Comments on: How much interest do you earn on one million dollars?

By: Adrian

Adrian — Fri, 08 Jan 2010 11:01:53 +0000

@ Queen – I mean that you purchase the RE yourself; an indirect investment in real-estate (by way of contrast) might be to purchase a unit in a REIT. This post might shed some light on the other part of your question:

http://7million7years.com/2008/08/18/is-real-estate-management-time-consuming/

By: queen air mattress

queen air mattress — Fri, 08 Jan 2010 04:02:13 +0000

OK, define “direct investments in real estate”

I’m especially interestd in how you handle the day-to-day management of your real estate investments.

And what that costs you in terms of time & money.

By: Adrian

Adrian — Wed, 19 Aug 2009 13:00:28 +0000

@ JJ – Pretty well, if you bought them when they were undervalued and still holding today

By: JJ

JJ — Tue, 28 Jul 2009 19:05:06 +0000

Hopw are thoese bank stocks working out for ya?

By: The FDIC might insure up to $50 Million of your deposits! « How to Make 7 Million in 7 Years™

Mon, 03 Nov 2008 09:43:38 +0000

[...] the $100,000 limit is a real bitch – or, one day will be (!) – for our readers, but JT steps in to save the day: I found this while looking for information on interest rates for bank accounts [...]

By: AJC

AJC — Thu, 11 Sep 2008 15:05:55 +0000

@ JT – Thanks! I have seen this, too, but have not investigated, yet. Did you know that you can legally FDIC insure up to $700k (give or take) in just ONE bank? You just need different TYPES of accounts (also helps if you have a spouse): http://www.fdic.gov/deposit/deposits/insuringdeposits/index.html

By: jt

jt — Thu, 11 Sep 2008 08:10:30 +0000

I found this while looking for information on interest rates for bank accounts with multi-million dollars, and protection for those types of accounts. Like many I knew about the 100k FDIC coverage for normal bank accounts, but I was curious if I had more how could I protect it if I had it in an account. This is what I found,

There is something called CDARS which allows multi-million dollar FDIC protection. CDARS = Certificate of Deposit Account Registry Service. From what I gather it uses it’s network power kind of like a clearinghouse to place large deposits with other FDIC insured banks to give multi-million dollar accounts supposed risk free FDIC protection up to 50 million. It’s a CD, so I believe there is a 2 year min, I could be wrong. Again, I read this rather quickly, and I say I believe, and what I gathered during my explanation. So bottom line is, read it for yourself. LOL I did a search on CDARS, and multi-million dollar FDIC and it popped up with a lot of links.

I saw this question started reading, and though the info I found belonged here. I’m not a banker, or a finance person I was just curious. So for anyone who just happens to have an extra 50 mil stuffed in a mattress some place it looks like there maybe a way to protect that money! LOL

By: AJC

AJC — Tue, 02 Sep 2008 15:42:21 +0000

@ Scotpro -these are good questions, indeed. I have targeted your questions for a follow-up post … stand by for more

By: Scotpro

Scotpro — Mon, 01 Sep 2008 22:11:21 +0000

Please contact me at my e-mail address.

‘Life of Riley’ (comment understood) – But have many on the retail shelf and on T.V. with many more coming. It’s just what I do.

Have some in real estate, but not much. What is your take on the time it takes to start realizing a “substantial” income from real estate?

By: AJC

AJC — Mon, 01 Sep 2008 22:03:29 +0000

@ Scott – Indeed. BUT, you need to look at the certainty and longevity of those royalties and incomes … unlike cash in the bank, your ‘Life of Riley’ lasts only as long as the income keeps coming in – or, so I humbly submit