re: How much money do you keep in your checking & savings accounts?

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This is dumb, why not invest that shite?

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The truth is I treat it as an “operating account” for my personal finances not including business. So if I have 200k sitting for 6 months with no anticipated large expenditures, I would likely dump 100k to the CFP for long term investment.

If all it was ever going to do was appreciate by what I deposited, I would never let it just sit as it would be losing money daily in terms of time value of money, once depreciation and loss of earning potential is calculated.

Often times though we keep a big balance cause we know we will make large purchases sooner than later.