Reply to What do you do with the money in your brokerage account?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]So interesting that many of the answers are "I dunno."  So many other money vehicles are specific (401k, 529, emergency savings) and this is just . ..  a pool of money to maybe use or not? [/quote]

Yes! Think of it as an extra large security blanket. If you have money you have choices. It could be a bigger house, vacations, a new car, early retirement, etc. The point is that if you have a sizeable amount of money that you can access as needed, you don't need to worry about getting laid off or how you're going to pay for whatever happens. The money is just there. [/quote]

The (relative) downside to this approach is there's no clear goal beyond "more money=more security."  Which i guess is the point of wealth building, in general, so maybe a feature not a bug.  [/quote]

Well we don't feel like we are scrimping-- in fact we don't really have a budget-- we auto invest monthly and then use what's left to pay bills.[/quote]

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