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You have to keep cash on hand for emergencies. I can’t wait to cash out a mutual fund or stocks. Not to mention that I don’t want certain savings, such as a new
by wil421 5y ago
You have to keep cash on hand for emergencies. I can’t wait to cash out a mutual fund or stocks. Not to mention that I don’t want certain savings, such as a new car, to be at the mercy of the market.
A couple years ago I put a lot of my HSA into investments and the market tanked.
- atatatat 5y ago> I don’t want certain savings, such as a new car, to be at the mercy of the market. New and used car prices are like a jump rope this year, regardless...can't hide from the market in cash.
- wil421 5y agoDepends on the make and model. BMW and Mercedes didn’t fluctuate in the 6 months we looked at them. I can’t have a down payment plunge because Yellen made an announcement or (as I saw last year) a roller coaster of an election year.
- krono 5y agoThere's an important difference between simply storing funds with a bank, and using the convenience services that a bank provides when you are their customer.