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Keep as much as you need to give you time to liquidate other things (like stocks or mutual funds). Especially with inflation as high as it is, keeping that much
by rozap 5y ago
Keep as much as you need to give you time to liquidate other things (like stocks or mutual funds). Especially with inflation as high as it is, keeping that much money in a checking account is just boneheaded.
- gruez 5y ago>Keep as much as you need to give you time to liquidate other things And what if there's a crash and your savings takes a 40% haircut?
- RobRivera 5y agothere are other investment instruments that are inversely correlated to market crashes EDIT: given truthful observation to whataboutism on an internet forum and receive quiet downvotes. EL OH EL
- lupire 5y agoThen as long as you had 6mo of living expenses, you'll still have 3mo left over. Plus all the extra months you got from previous appreciation.
- alasdair_ 5y ago>And what if there's a crash and your savings takes a 40% haircut? Also, it's worth noting that there is likely a strong correlation between a financial market crash and sudden unemployment or other issues.