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Reply to "Emergency Fund question"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I would buy Voo on red days and not even bother with a savings account. When you need the money, you get to choose the cost basis and it's also long term after a year. Just did the math and if you had put $1k a month into Voo the last year to build you emergency fund, you would have made a lot more than what savings accounts pay. The money in savings account is making money for the bank while you get 5% max. You can use your own money to make money.[/quote] I’ll look into that. Thanks![/quote] Do not do this. This is called “market timing” and it is prone to losses, regardless of what this poster says. [/quote]
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