Lot's of Money

[iceberg414]

I figure to be coming into alot of money shortly. Do I have to pay interest on it? If so how much will I have to pay? What I'm asking is; is there a penalty for having alot of money in the bank (8 mil +)?

thanx

[JAG]

Nope. Hire some economists though, you'll make extra off interest.

[Chubby]

you better let me hold on to some of that for you to be safe...

[Alf]

At that amount of money (and if you don't intend on spending it soon), hire 10 economists.

[sterlingice]

I've never understood hiring more than 5 economists, each maybe makes you $100 more per week after about 5 so you'll have to keep them on for at least 15 weeks to just break even with having them and if you get happy feet and spend your cash, you'll actually lose cash. The part of the interest that makes a ton of money for you is the investment you are making a return on much more than the number of economists beyond 5.

Then again, with $8M, it is worth it for 10 econs. The above is more for people with around $2M who sit there and try to find the perfect number of economists, oops, have an injury, and then have to fire half and they've actually lost money on those 5.

SI