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Reply to "Why not put emergency funds in a mutual fund?"
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[quote=Anonymous][quote=Anonymous]Yeah OP, you're on the right track. It's too much to keep 6-12 months worth of income in cash like some financial planners recommend, especially if your expenses are well below your income (that is to say, if you are high-income and currently saving a lot). If your "emergency fund" could lose 30% of its value and still cover 3+ months of expenses, or whatever your comfort timeline is, go ahead and put it in ETFs. Roth is a good option if you qualify and it's not maxed out, the rest in a taxable account I guess. [/quote] So ETFs are a better option that money market funds? Can you please explain more? Thanks[/quote]
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