>hurr just keep 3 - 6 months of cash in an emergency fund
Fucking why? What if I don't want to work longer than that?

>>60618086 (OP)
how much is a unit of a month of cash?

The sad part is that most Amerifats can't do that.

>>60618086 (OP)
Because most people can't imagine a life free of labor.

t.30k and growing "emergency fund"

>>60618371
It's subjective

My margin and credit card is my emergency fund if a personal loan doesn't work. Why the hell would I keep that much dry powder if my day job is secure and my first financial priority is growth? Idiot boomer garbage hyper risk adverse estrogen laced financial planning. What's next don't buy anything besides index funds?

>>60618086 (OP)
I keep my 6 month emergency fund in margined ULTY shares

>>60618377
People would say "noooo you have to put half of that in the market" but there's peace in having enough to just chill if you don't want to work for a bit, knowing it's not subject to downturns.

>>60618408
Dont mention YM here. Fuck these nerds.

>>60618386
That is very unwise. A credit card issuer can cancel your credit card at any moment for any reason.

>>60618421
If my card is canceled for any reason, and my brokerage takes away my margin, and personal loans aren't being issued anymore, there is a much bigger problem.

>>60618411
This. Definitely don’t mention the weeklies. None of them. Fuck these nerds indeed.

>>60618086 (OP)
Absolutely fucking retarded advice too. Keep your portfolio 100% invested as yiu expect it to be and just withdraw the appropriate amount when you need it.
>But what if, what if I get fired when the stock markets are down. Then I've lost my entire portfolio!
If you're in a situation where 3-6 months of expenses is a significant enough chunk of your portfolio to be affected by a market downturn, then that means not investing it would mean holding most of your portfolio in cash, the most retarded thing you could possibly do. So that's even more reason to keep it invested.

Emergency fund is just as retarded as the "never use credit cards" and "only buy a home with cash" meme.

>>60618437
At this point I'm fully convinced it's a psyop to keep people poor with small cash flow and high opportunity cost.

>>60618410
Half of it is into blue-chip stocks and monetary funds, the other is in a debt-backed savings account, so it's safe.

>>60618443
i agree
>with the average normies income and expenses, saving up that much will take too long
>normies who dont know any better tend to keep their cash in accounts getting 0-1% yield
>"6 months of expenses covered before you do anything else!" is an intimidating psychological filter for normies, the majority are bound to break and buy stupid shit after looking at the huge pile of immediately ready-to-spend cash they have amassed
emergency cash seems like a retarded meme unless youve already built a decent portfolio to serve as a foundation, and you can afford to start diverting a small percentage of your investing money into a cash pile
even then it seems entirely optional and mostly for psychological reasons

>>60618086 (OP)
I think it's better to keep 5% of portfolio in cash, no matter how many money you have.