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Does anyone have advice?
I have a bunch of money sitting in a chase business account (pretty much my entire net worth) and I get paid through there as well.
The problem is, it earns nothing there. No interest or anything. The only reason it grows is because money keeps getting put into it. It's good because I'm extremely liquid if some opportunity came up like an AI bubble popped and everything's on sale.
From what I understand, it wouldn't be a good idea to transfer all of it over to my personal banking.. because of taxes.
I understand reinvesting back into the business, and I do that when there is an opportunity..
But just wondering if someone a bit more educated on handling money can give some advice so I'm not being stupid.
Thanks!
My fund manager Mernie Badoff works magic, you should let him handle it.
But seriously, if you have a lot of money and don't know how to manage it you should get an investment advisor.
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