Re:Ask HN: How are you preparing yourself for a recession?
by toolz on Monday March 09, 2020 @04:34PM
(#22529459)
> How much money are you moving out of the market in 3 days?
It's an emergency fund - likely not much. Maybe a few grand at most in that amount of time?
> and needing the money.
Unless the market cuts in half over-night I'll have the money. That's why I have twice as much as I need in that bucket.
I've not really heard any compelling reason why I should move to a savings account. Yeah I might make more if the market takes an unprecedented long term decline, but realistically I'll make well over twice as much returns as I would that savings account.
It's an emergency fund - likely not much. Maybe a few grand at most in that amount of time?
> and needing the money.
Unless the market cuts in half over-night I'll have the money. That's why I have twice as much as I need in that bucket.
I've not really heard any compelling reason why I should move to a savings account. Yeah I might make more if the market takes an unprecedented long term decline, but realistically I'll make well over twice as much returns as I would that savings account.