How much do you guys keep as rainy fay fund and where do you keep it to maximize returns?

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12 months for me in a high yield savings account for me

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Marcus

General rule of thumb is 3-6 months of your monthly expenses in a high yield savings account. I have 4 months of expenses in a Barclay high yield savings account. I feel very job secure though, otherwise I would have 6 months.

I figured 😜

Nothing. I’d prefer to keep all my money working for me. If I really needed a lot of money immediately I would use credit cards for the first month, and then sell stock to pay off the cards, as necessary.

This has been my strategy so far. On H1b and it didn’t make sense to keep a lot of money aside for rainy day. I can always sell some stocks and get the money but I have been thinking if I am approaching this wrong.

I am on H1B as well but keep about 50k for emergencies in HYSA. I am probably little too risk averse and also don't want to touch stocks unless I don't have an option.

You only lose it if you sell at the bottom. Otherwise nothing is lost in a market crash.

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