Subject: Re: So, a question
The "other insurance" business is a mystery to me. It is clearly not intended to insure against some kind of general failure. Schwab's private insurance has an "aggregate" maximum of $600M, and a limit of $150M per person. I am at a loss to guess what kind of risk warrants such coverage. Accounts getting hacked, maybe?

Anyway, I've never held as much as $250K in cash on anything other than a transient basis. I keep what I think of as a "cash" reserve in an ultra-short bond fund, plus a modest pool of actual cash in my checking account.

Baltassar