Cash on Hand

[GuyOnABuffalo]

@igor555

whats a flusher?

Urban dictionary comrade.

[igor555]

[AbrahamIsaac]

@GuyOnABuffalo

I like having a good safety net in case of crisis. This should include quick access to some cash if need be. Never know when you need to bail somebody out of jail, pay hush money to a hooker, or for the side chick’s flusher.

da troof. That’s why I have multiple cash accounts

[Griingo]

@Matt_Likes_Analysis

@igor555

@gringo\_bob

@igor555

6-12 months, im pretty conservative so closer to 12

wow. do you guys even work in the investment industry?

ive also been holding cash for 9 months or so and have not put it into anything yet.

realistically 9 months is prob about right.

no roth, no credit lines, no loan sharks, no heloc

except you’re your own loan shark and you’re charging yourself a mid-to-high single digit opportunity cost.

i find it interesting that a bunch of CFAs don’t equate opportunity cost with interest cost and basically have this massive loan outstanding constantly.

i get why americans must have greater savings than canadians due to canadians having few concerns about one-time health care costs and have fewer worries about the effect of unemployment due to much better unemployment benefits and other social programs but 6-12 months expenses seems extreme unless you fear for your employment on an hourly basis.

• 1. Nailed it on both points. 'Murica