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Reply to "Has anyone ever had to use their Emergency Fund?"
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[quote=Anonymous][quote=Anonymous]OP and others Emergency Funds are designed for people who have little or no other savings/investments If you are a typical DCUM person you do not need an emergency fund Invest the emergency fund and when you have an emergency take the money out of your investments. Over the long term having 20-50-100k sitting around doing nothing is stupid when you could be getting 7% return by investing it instead.[/quote] I have an emergency fund of 40k cash. I also do a lot of speculation and have a 2 income family, both in IT sales. We double downed on crypto currency, cashed out 300k of that for college for our 2 kids are are riding the wave with the rest. I would not be one bit suprised if we are headed for a 2009 type correction. If it does crash and we end up eith egg on our face, at least we will have some cash left. So much money is bring made out there, it is ridiculous and most of it speculatative.[/quote]
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