Reply to How much LIQUID savings do you have?

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[quote=Anonymous][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]

[b]Nobody should be selling stocks in an emergency. Better to use a SBLOC. [/b][/quote]

Never ever use SBLOC. It can lead to exactly what you are trying to avoid.

In a flash crash or any crash for just about any reason, your stocks can get liquidated. Say someone put a market sell order and there is a lowball bid close to end of day, that particular stock can get severely marked down. Lots of things can go wrong.

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