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Message
Wellesley for Emergency Fund
Posted on 1/25/16 at 2:40 pm
Posted on 1/25/16 at 2:40 pm
Fund is split 35/65. Seems like a pretty good option as opposed to a savings account at 0.15. I know you could potentially lose 15-20% in a 2008 scenario but would the 4-5% other years be worth the risk?
Also there's the issue of taxes on dividends I suppose. Still seems like a good option. Thoughts?
Also there's the issue of taxes on dividends I suppose. Still seems like a good option. Thoughts?
This post was edited on 1/25/16 at 8:39 pm
3
Posted on 1/25/16 at 5:27 pm to jimbeam
I ended up doing it myself inside my ROTH.
I didn't dump all my liquid cash into it at one time.
Once I hit my number I started contributing back to equities.
I'll probably unwind it out once I build up my taxable equities account.
I didn't dump all my liquid cash into it at one time.
Once I hit my number I started contributing back to equities.
I'll probably unwind it out once I build up my taxable equities account.
This post was edited on 1/25/16 at 5:28 pm
Posted on 1/25/16 at 8:37 pm to jimbeam
One of the best conservative mutual funds out there. Long track record of great performance in all kinds of markets.
Posted on 1/26/16 at 3:10 am to jimbeam
quote:
I know you could potentially lose 15-20% in a 2008 scenario but would the 4-5% other years be worth the risk?
Why it is important to phase into equities over time if you are going to use it as an emergency fund.
Having to withdraw in a 2008 scenario doesn't hurt as much of the fund has already grown by a larger percentage than what was lost.
Posted on 1/26/16 at 8:51 am to Teddy Ruxpin
quote:
I ended up doing it myself inside my ROTH.
quote:
I'll probably unwind it out once I build up my taxable equities account.
I did the exact same thing several years ago. It was a nice emergency vehicle that I luckily didn't need to tap. I've been switching it into more aggressive equities, especially since the downturn this year. DCA, not all at once.
Posted on 1/26/16 at 4:29 pm to Oenophile Brah
Thanks guys
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