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#11266 |
Mammoth penis
Join Date: May 2006
Location: Springfield
Casino cash: $7014386
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Posts: 11,437
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#11267 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $-1429523
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Posts: 40,646
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#11268 |
Mammoth penis
Join Date: May 2006
Location: Springfield
Casino cash: $7014386
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Posts: 11,437
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#11269 |
Banned
Join Date: Jan 2013
Casino cash: $9998560
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Posts: 53,803
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#11270 |
Starter
Join Date: Aug 2019
Casino cash: $840000
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Posts: 643
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#11271 |
Starter
Join Date: Aug 2019
Casino cash: $840000
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Out of curiosity, where would you put your emergency fund? I have money set in an HSA to cover any medical emergency, but want to have another 5-10k set aside for any other emergency that might pop up. Would be nice to get some return on it over sitting in a savings account.
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Posts: 643
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#11272 | |
Banned
Join Date: Jan 2013
Casino cash: $9998560
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Quote:
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Posts: 53,803
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#11273 |
MVP
Join Date: Mar 2019
Location: KC
Casino cash: $2440400
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Posts: 7,955
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#11274 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $-1365266
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Quote:
You don't want that kind of thing having stock exposure. If you insist on sticking it in an investment account, I wouldn't go any narrower than SPY. Potentially you could look into a bond fund. VBTLX is Vanguard's Bond Index Fund. Bonds could potentially be a play, they're not going to get much lower, as interest pretty much cannot get lower, and if interest rates rise, so should it. Still, Savings Account. |
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Posts: 59,929
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#11275 | ||
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $-1358100
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Quote:
Quote:
I have 6 months (some say this excessive) of expenses sitting in emergency savings. Came in handy this year when we could pay in cash an unexpected need of getting a new roof and AC units. Working on building it back up now too. It’s boring in a savings account but it’s for emergencies, play it safe. |
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Posts: 46,300
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#11276 | ||
Banned
Join Date: Jan 2013
Casino cash: $9998560
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Quote:
Quote:
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Posts: 53,803
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#11277 |
Mammoth penis
Join Date: May 2006
Location: Springfield
Casino cash: $7014386
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Inflation is too high for your money to wither away in a savings account. Emergencies are what credit cards are for. You can always liquidate and pay the card off before interest hits.
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Posts: 11,437
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#11278 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $-1358100
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Quote:
Yeah, that’s 2 holes you’ve dug. No guarantee the stock you buy is in profit when your emergency arises. |
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Posts: 46,300
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#11279 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $-1365266
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Quote:
![]() Says the guy that's never taken a 50% loss I guess? It took the Nasdaq 15 years to recover from the .com bubble. NASDAQ Composite - 45 Year Historical Chart |
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Posts: 59,929
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#11280 |
Mammoth penis
Join Date: May 2006
Location: Springfield
Casino cash: $7014386
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I'd rather take a chance keeping all of my money in SPY than letting it wither away in a savings account. My credit cards are for emergencies only. I'm obviously more aggressive with my money than you guys though.
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Posts: 11,437
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