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You’re expecting dividends from your checking account?
by wrs 4y ago
You’re expecting dividends from your checking account?
- matheusmoreira 4y agoI do expect interest payments from any money of mine that's not in my physical posession. Checking accounts don't pay interest so I don't use them. They're just a temporary register for my "pay bills" and "invest" operations.
- wrs 4y agoI don’t know where you’ve been banking for the last ten years or so, but I wish I did — interest payments on liquid deposits weren’t a thing for a long time. And startups don’t “invest”, they only “pay bills”.
- matheusmoreira 4y agoI'm brazilian so I use brazilian banks. Some of my banks pay me interest on liquid accounts. I don't allow money to accumulate in the accounts of those that don't. I also spread my investments over as many banks as possible: my accounts are independently insured for up to some amount. I also move money off of the banks as soon as humanly possible by buying real property instead. I don't trust them.
- wrs 4y agoYou do this for your business accounts?
- matheusmoreira 4y agoYou bet. My father did too. It's one of many reasons why he was highly successful in responsibly managing the money of every institution he was ever put in charge of.