Reply to Has anyone ever had to use their Emergency Fund?

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[quote=Anonymous][quote=Anonymous][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]

What you are talking about is asset allocation, not an emergency fund.  Yes, your asset allocation should contain assets with a variety of risks/returns.  Sure, you can call the short-term/cash portion of it your emergency fund if you want.  Personally, I do not label my liquid assets in low risk, low return investments as an "emergency fund," and don't maintain any explicit emergency fund.[/quote]

When you have 7 figures in Cryptocurrency and the rest in Fidelity because that is where your employer parks your RSUs and you work at a job that yoi can easily get canned after a bad quarter, yes 40k in cash is an emergency fund.

Yes, we are unusual, but we like to gamble.[/quote]

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