Amish style - bicycle, buggy, horse, walk
PenIsland
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Joined 3 years ago
Cake day: July 1st, 2023
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PenIsland@lemmy.worldtoPersonal Finance@lemmy.ml•Stop Loss Securities as Savings/Emergency Funds safe?English
3·3 years agoI think the conventional wisdom is “no”. Cash is king and if you have a legit emergency you want that stability from basic savings.
For me, I work for a company in n NASDAQ (big fucking deal). If the overall market takes a shit both my investments AND my job will be at risk. Liquid emergency savings cover that possibility in a way that stonks and ETFs can’t. OFC savings rates kinda suck so there’s sort of a loss there too.

Depends if I get to see women exposing their ankles at the store