> It's best to think of them not as saving accounts but financial instruments.
I mean I get that (not that a bank isn't a financial instrument...) but to what ends? The example I gave is should be clear, because of the large wealth of money that is. $54bn is no laughing matter. Stanford has $30bn. These are sums that completely pay for the operating costs of the universities and students. On interest. If the point is to be like dividend investors, it does not appear (at least from what I'm seeing) that they are actually acting like someone with a goal to live off of dividends. There's more growth than that. Or there's something missing that I don't understand (more likely).
I mean I get that (not that a bank isn't a financial instrument...) but to what ends? The example I gave is should be clear, because of the large wealth of money that is. $54bn is no laughing matter. Stanford has $30bn. These are sums that completely pay for the operating costs of the universities and students. On interest. If the point is to be like dividend investors, it does not appear (at least from what I'm seeing) that they are actually acting like someone with a goal to live off of dividends. There's more growth than that. Or there's something missing that I don't understand (more likely).