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Cake day: July 12th, 2023

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  • SkippingRelax@lemmy.worldtoMemes@sopuli.xyzI'm working on it, ok?
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    6 months ago

    You seem to be in a very unique situation. And to have a pretty good understanding of personal finance and of your risk appetite. What you say works for you and a few people that happen to have access to universal healthcare, what looks like four separate insurance policies, and that can manage not to fuck it up with credit cards.

    6 months liquid emergency fund remains the best strategy for most people out there.


  • Would certainly suck if those six months worth of emergency fund had temporarily gone down to four months because of a downturn in the stock market though.

    Accidentally there might also be some correlation with stock markets going down, and an emergency happening. Eg large company laying staff off.

    That said you can do the math and see how much that money would return on average on etfs compared to a bank account, and decide if that’s worth the risk to you.

    Experts say no, I agree with them but I see your point, and it’s definitely worth to challenge these suggestions.