In honesty, if I had that kind of cash in hand, I wouldn’t be putting it in any investments; I would be keeping it as it is and then ONLY consider having it invested when the climate for business and the economy is more stable.
OH come on., Anyone with access to a computer can pull the trigger on a sell order in a matter of seconds. That and the fact that $1. could be invested in short term safe investments that would generate significant cash. There are lots of alternatives that are liquid and more profitable than a checking account.
An economist with $1 million languishing in a checking account in ANY bank is just an idiot. Best to bury it in the back yard. That is as effective of an economic strategy.
which is why, 1 mil although uninsured in bank of America is pretty insured I don’t think they’ll be gone in a few days do you