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Reply to "How much LIQUID savings do you have?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]This thread is so ridiculously out of line with average America. More than a quarter of Americans have less than $1,000 in savings. [/quote] also people don't get liquid. I can access my savings and hand it over. You can't do that with CDs and real estate. Same with stocks. If that were the case $50k [/quote] Why can't you sell stocks on Monday then access the money on Tuesday, or Wednesday? We are not talking about retirement accounts, but an investment account can be liquidated if you want to. Sure, you might take a loss, but you can still access the funds fairly easily.[/quote] Right — a liquid investment is something you can get to in a few days. Sure you can sell property but that may not happen over night. Yes you can access retirement but you’ll pay a steep penalty for early withdrawal. Of course all non-retirement investments carry tax with them on gains, but they don’t then also have a penalty. [/quote]
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