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Reply to "How much of net worth should be invested vs. kept liquid?"
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[quote=Anonymous]Is there a guideline for this from all the financial experts? By kept liquid -- I mean in checkings/savings be it one account or across many accounts. I heard from a friend that a financial planner said that all you need in cash is 1 yrs worth of funds and the rest can all be invested -- stocks/bonds/mutual funds. Is that really how wealthy/upper middle folks do it? The advice came from someone working for a brokerage who was trying to get her to invest, so I'm not sure how accurate it is. Stocks/bonds/mutual funds are still liquid in that you can sell at any time but obviously it's not as easy as cash and there may be tax reasons you don't want to sell at any particular time. Is there a % of net worth people like to hold on to in cash and invest the rest and what is that ratio? Or do you look at it in terms of living expenses for a year or two?[/quote]
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