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Reply to "How much do you keep in your checking account?"
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[quote=Anonymous][quote=Anonymous]Currently have $1.2m in there.[/quote] In [i]checking[/i]? [quote=Anonymous]And we’ve been expecting a crash for about five years so it always seems like a bad time to put money in the markets which is why I always dither. [/quote] Oof. The S&P 500 is up 87% over the past five years. If you'd put $1.2 million in an S&P index fund five years ago, it would be worth $2.2 million today. But with inflation, that $1.2 million buys about 23% less than it did five years ago. In other words, your fear of investing has cost you a lot of money. You should really find someone who can help you put that money somewhere that will earn a reasonable return at a risk level you can tolerate. [/quote]
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