How much LIQUID savings do you have?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This thread is so ridiculously out of line with average America. More than a quarter of Americans have less than $1,000 in savings.

also people don't get liquid.

I can access my savings and hand it over. You can't do that with CDs and real estate. Same with stocks.

If that were the case $50k

Why can't you sell stocks on Monday then access the money on Tuesday, or Wednesday? We are not talking about retirement accounts, but an investment account can be liquidated if you want to. Sure, you might take a loss, but you can still access the funds fairly easily.

Nobody should be selling stocks in an emergency. Better to use a SBLOC.

[Anonymous]

something like $5m to $8m in the market and cash accounts. I can't remember and only look every 4 months when our financial advisor comes for a visit. late 40s, HHI is around $2m. Have other retirement accounts too. Might be undercounting.

[Anonymous]

$110k in mm and savings
About $450k in inherited iras we have to take out within 8 years. About $60k in brokerage, not including our own retirement accts.

HHI $300k

[Anonymous]

Anonymous wrote:About $100.

Lol

[Anonymous]

One reason I love this forum as a statistician is that it tells you exactly what outliers mean in the real world. It's quite amazing when you compare the liquid savings of folks here compared to published data, you understand what it means when we say a certain data point in an outlier.

[Anonymous]

Anonymous wrote:I keep $100k in a short term CD as an emergency fund that I could liquidate for a small penalty. The next time it matures I’m thinking of breaking it up into two CD’s so if I need to liquidate the penalty will be less.

51, HHI of $128k (a fed), no debt due to inheritance. NW of approximately $3 million.

How did you amass a $3 mil net worth at 51 on a $128k HHI? Wow.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This thread is so ridiculously out of line with average America. More than a quarter of Americans have less than $1,000 in savings.

also people don't get liquid.

I can access my savings and hand it over. You can't do that with CDs and real estate. Same with stocks.

If that were the case $50k

Why can't you sell stocks on Monday then access the money on Tuesday, or Wednesday? We are not talking about retirement accounts, but an investment account can be liquidated if you want to. Sure, you might take a loss, but you can still access the funds fairly easily.

Nobody should be selling stocks in an emergency. Better to use a SBLOC.

Never ever use SBLOC. It can lead to exactly what you are trying to avoid.

In a flash crash or any crash for just about any reason, your stocks can get liquidated. Say someone put a market sell order and there is a lowball bid close to end of day, that particular stock can get severely marked down. Lots of things can go wrong.

[Anonymous]

About 200K easy to access. 450 HHI.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This thread is so ridiculously out of line with average America. More than a quarter of Americans have less than $1,000 in savings.

also people don't get liquid.

I can access my savings and hand it over. You can't do that with CDs and real estate. Same with stocks.

If that were the case $50k

Why can't you sell stocks on Monday then access the money on Tuesday, or Wednesday? We are not talking about retirement accounts, but an investment account can be liquidated if you want to. Sure, you might take a loss, but you can still access the funds fairly easily.

Nobody should be selling stocks in an emergency. Better to use a SBLOC.

Never ever use SBLOC. It can lead to exactly what you are trying to avoid.

In a flash crash or any crash for just about any reason, your stocks can get liquidated. Say someone put a market sell order and there is a lowball bid close to end of day, that particular stock can get severely marked down. Lots of things can go wrong.

LOL. So sell the stocks that *might* have a margin call?

If you need $5k to replace your water heater until you get your bonus in 2 months, don’t sell stocks in your $100k+ portfolio. Take a loan. Cheaper than a cc.

[Anonymous]

37yrs
40yrs

800k stocks/etf
200k HYSA/checking

1.2 mil retirement
100k college


No loans only mortgage
No help from family

HHI about 650k

[Anonymous]

Anonymous wrote:

Anonymous wrote:I keep $100k in a short term CD as an emergency fund that I could liquidate for a small penalty. The next time it matures I’m thinking of breaking it up into two CD’s so if I need to liquidate the penalty will be less.

51, HHI of $128k (a fed), no debt due to inheritance. NW of approximately $3 million.

How did you amass a $3 mil net worth at 51 on a $128k HHI? Wow.

Presumably it's additional inheritance (they said no debt due to inheritance).

[Anonymous]

500k in high yield savings accounts. Too much but don’t want to buy more stocks.

[Anonymous]

4K

[Anonymous]

Most people don’t refer to their stock holdings as liquid.

[Anonymous]

Anonymous wrote:Most people don’t refer to their stock holdings as liquid.

Of course they do. Just stocks in a taxable brokerage account?

Money in real estate and tax advantaged accounts is typically not viewed as liquid for obviou reasons. But it’s very easy to sell stocks/funds out of a taxable account…