Related Posts
Recommendations for a Roth IRA?
More Posts
Any words about DDB letting go people recently?
Coinbase should do a Black Friday sale.
Additional Posts in Personal Investment Chatter
Recommendations for a Roth IRA?
Can Amazon please do a stock split 😭
Microsoft vs Apple vs Amazon, please suggest
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.




Pro
Should have done that in March.
Pro
Default - 3 months
Mortgage - add 3 months
Kids - add 3 months per
Married - add 2 months
Other dependents - add 2 months per
Low job security - add 3 months
Just my arbitrary formula
If you can’t secure a job is like 16 months u have other things to worry about like the end of the world. That’s too safe but at least it’s an option
Do what’s comfortable for you. If you’re uneasy with 3 months, then don’t. It might not be optimal but who knows what will happen. And your mental state is very important. I rather not have something like that linger. I have a high risk tolerance so I don’t keep 6 months emergency fund
Been having the same thoughts lately since HYSA rates are trash. But I’m on the fence since this money acts as my emergency fund not just for living expenses in case I’m laid off. It’s also for unexpected expenses like a major medical event.
Chief
I'm rush adverse so I'm fighting to not just hard more money.
I think the important thing is to evaluate your risk. If you work for a company or in an industry that is iffy right now, or of you are single income household with a mortgage or you have kids or what we. Those are the type of things that necessitate more emergency savings.
If you're young, not mortgage, can move back home with your parents and/or have relatives that could spot you in a worst case scenario, your real risk is relatively low and you'd probably be fine with 3 months.
I put it in the market - I figure if there were some catastrophic event which caused my investments to suddenly drop by 50% and I could still pull out (access to cash in roughly a week for a funds to settle) and cover my expenses for 6+ months, it’s a safe gamble
How do you feel about job security, do you have a partner earning income, anything expensive that you think might come up soon? If not, maybe invest
just remember you may have unemployment insurance as well. Though I have heard bad thing in the pandemic....
I feel I’ve been insanely too conservative with 1+. It would have been better to invest in safe index funds.. even if the market tanked - 1. Im single 2. I could move in with my rich sister if I needed a roof 3. I can always lean into my digital experience to book freelance work. I’ve been that way for 10 years and finally realizing it was a huge misstep for investing that cash 💰