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I should note that the 90% credit drop also coincided at a time when my investments crashed by 50%+, which would have been an extremely suboptimal time to pull

by dmoy 5y ago

I should note that the 90% credit drop also coincided at a time when my investments crashed by 50%+, which would have been an extremely suboptimal time to pull out money. That would have wiped out like 10 years of growth. I strongly, strongly encourage you to put aside at least 3 to 6 months' worth of expenses outside of risky investments.

tylerhou 5y ago
To add on to your point, the core issue is that you need to take into account correlated risk when deciding on your investment strategy/risk tolerance. If you're at the point where you need to dip into an emergency fund, it's possible (maybe even likely) that the entire financial market is burning. You will need access to capital when nobody has access to capital, which will make borrowing very expensive or impossible.