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Started By
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re: How much do you keep in your checking
Posted on 3/6/20 at 9:48 am to Jag_Warrior
Posted on 3/6/20 at 9:48 am to Jag_Warrior
quote:
you’d rather cash in an equity investment (possibly at a loss... like right now) than maintain an emergency or cash reserve fund?
crazy pills
nor can he put back what he took out. There is no makeup contribution for that. he can only go back to doing annual allowed contributions. quote:
But in real estate, that’s a sure fire way to go broke, or at least put yourself in a potential cash crunch position.
and you and I are RE guys so............bingo
yeah, or use a LOC, or you can easily use a MMF paying 1.5% for emergencies with zero worry about share price movement. It just will take time to move money back to bank account. I sure as hell would not have it in a big position in equities or debt securities in the ROTH account.
quote:
But that’s just me.
agreed
This post was edited on 3/6/20 at 9:52 am
1
Posted on 3/6/20 at 10:19 am to 3morereps
Whatever covers monthly bills plus about 20-25% for mental comfort and in case of unexpected variation in bills.
Any other money is a planned percentage that goes to savings, funds and other investments.
Any other money is a planned percentage that goes to savings, funds and other investments.
Posted on 3/6/20 at 10:34 am to Fat Bastard
Yeah, I think we’ve both experienced situations that make us feel the way we do.
I just wouldn’t want to star in a remake of that old movie “The Year of Living Dangerously”.
I just wouldn’t want to star in a remake of that old movie “The Year of Living Dangerously”.
Posted on 3/6/20 at 11:04 am to Jag_Warrior
Perhaps I miscommunicated. I do have a savings account also with emergency cash if needed. We're talking about a checking account here.
If I have excess there I'm moving it to equities yes.
I also dont have RE so that's not a concern of mine at this point. The largest possible emergency for me would be job loss or medical, although I have good health insurance.
Everyone has different circumstances, and I currently dont see any need of having anything over $1000 in my checking.
If I have excess there I'm moving it to equities yes.
I also dont have RE so that's not a concern of mine at this point. The largest possible emergency for me would be job loss or medical, although I have good health insurance.
Everyone has different circumstances, and I currently dont see any need of having anything over $1000 in my checking.
Posted on 3/6/20 at 11:37 am to rintintin
Gotcha. 
Posted on 3/6/20 at 12:50 pm to rintintin
quote:
I do have a savings account also with emergency cash if needed.
well shite. then you are good. no problem.
quote:
Perhaps I miscommunicated.
i think so.
Posted on 3/6/20 at 1:03 pm to Fat Bastard
$3000
Posted on 3/7/20 at 9:36 pm to 3morereps
6 months of expenses. Allows for an unexpected emergency, or being more selective in the event of a layoff.
This post was edited on 3/7/20 at 9:36 pm
Posted on 3/7/20 at 10:40 pm to 3morereps
10k. The rest I trade with. That’s my emergency fund haha. Im A degenerate trader but I also own real estate and other things. I’ll be fine. Everyone has a diff lifestyle. I like risk. Some ppp don’t. I’m not going to put all my cash in a savings account or money market for a whopping 2%. Id rather play the market. If you know a little and are consistent with good risk management you can make pretty good dollars
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