Parking cash - wirehouse FDIC misconception
I saw a post that mentioned the SIPC protection of brokerage accounts and the 250K limit of FDIC. I wanted to point out that some brokerage houses have two banks that they use for their bank deposit program (cash part of account). For example Morgan Stanley is FDIC insured for $500,000 per account type. So, a single account is $500K. A joint account is insured by the FDIC for $1,000,000. Two account holders, two banks.
Now, I personally feel we are in the 8th inning of a once in a five year black swan event. I'd be a buyer of the high quality midstreams here. Sitting on cash for a better opportunity that may never come is not my advice.
Locking into a short term CD for a McDonalds happy meal worth of after tax earnings is even more foolish.