I did something similar at the start of Covid. Regardless of one's beliefs about Covid, there was uncertainty in the world about what could happen. I don't have as much locked away now but still carry a fair amount in a couple of banks, Most of the experts in this thread likely don't have much money. And truthfully, I might have had similar responses as some of the posters in my earlier years. Everything is relative to your current situation as to what is best for you.

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Posted by Joshjrn

Baton Rouge

Member since Dec 2008

27511 posts

Posted on 7/2/23 at 1:30 pm to KWL85

quote:
I did something similar at the start of Covid. Regardless of one's beliefs about Covid, there was uncertainty in the world about what could happen. I don't have as much locked away now but still carry a fair amount in a couple of banks, Most of the experts in this thread likely don't have much money. And truthfully, I might have had similar responses as some of the posters in my earlier years. Everything is relative to your current situation as to what is best for you.

I would love to hear this expounded upon in detail.

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Posted by Rize

Spring Texas

Member since Sep 2011

15936 posts

Posted on 7/2/23 at 1:41 pm to KWL85

quote:
I did something similar at the start of Covid. Regardless of one's beliefs about Covid, there was uncertainty in the world about what could happen. I don't have as much locked away now but still carry a fair amount in a couple of banks, Most of the experts in this thread likely don't have much money. And truthfully, I might have had similar responses as some of the posters in my earlier years. Everything is relative to your current situation as to what is best for you.

I keep way too much in checking and savings. Only have about 1k in safe but normally have around 5k.

Been saying I’m gonna move into a high yield savings but never end up doing it.

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