“It’s hard to believe, but most people don’t know that.”
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A few years ago when we kept hearing about Bill Gates eighty billion dollar fortune I tried to explain to someone that it was not real because most of it was in Microsoft stock and if Gates had started to sell more than a very small percentage at one time the price would have crashed. I couldn’t get the point across. Many people really cannot differentiate between real wealth and money in an age when American money is essentially a number and nothing more.
I have a hypothetical question. Let’s say there ever is a banking crisis and the government got creative with savings. Would a certain amount of money be safe as the cash part of a stock account?