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Reply to "Emergency accounts — all cash?"
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[quote=Anonymous][quote=Anonymous]Zero in cash. I would do VOO for years and then just take from it depending on the cost basis as I get to choose it. If you started buying VOO at $300, chances that it goes below are very small. It earns way more than HYSA. Long term capital and at cost basis ad nothing to my taxes. If my taxes are low because of unemployment, I choose the very earliest and cheapest patch to get away with not paying too much. Down market last two years max. My unemployment lasts 1 day max.[/quote] And this is why internet advice from strangers is not to be trusted. This person is giving advice to themselves. OP, however, asked about where to keep an emergency fund, in case of unemployment. Not some outlier case whose employment lasts "one day max". Keep it in a HYSA, or some in a short(er) term CD so you can access it and there isn't downside risk. Now, if its something else, not emergency/rainy day fun, sure go wild. [/quote]
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