/biz/ - Business & Finance

My ETFs are my emergency fund.

>>28853625

The taxpayers are my emergency fund.

>>28852830
Imagine not having spare cash to invest in market crashes.

>>28853625
Insecure plan and Cringe

>>28853666
Secure plan and Based

>>28853666
based trips, what can i say

>>28853666
Very nice.

Kek

Reddit actually thinks you need to save up 10k for “emergencies” before investing

Boomer tier logic desu

>>28852830
I have a year's worth of expenses in cash in a safe

>>28853666
Based plan Satan

>>28854593
this wtf. im pretty sure even robinhood lets you sell and cashout within a week tops. at least keep it in some boomerstocks.

>>28853666
fuck you made my day

>>28854593
If you need to "save up" 10k you are too poor to invest you dumb nigger.

>”crypto isn’t investing”

Wtf is an emergency fund?

That's called my bank account $300 is all that goes towards anything at all

>>28854899

You what? Most Americans barely have 1k in savings, 10K and then everything else invested makes sense

>>28853666
Checked

>>28853666
some higher beeing gave you these digits

>>28855017
It’s some fucking dumb concept Reddit tier people will shill

Basically locks you into being a wagecuck for even longer

They think you need spare money for every possible thing that could go wrong

>>28852830
>jews crashed the economy once every 8-10 years for the millionths time fund

>>28853666

>>28855870
Are you retarded? Most people here have a savings account which is what they use as their “emergency fund”. Be responsible.

>>28856609

>>28853702
Inflation crushing you to the tune of 15% per year as you sit for the market crash.
When the market crash comes you hesitate as you think it will go lower.
Whoops, too late bub, maybe next time, as your cash continues to lose purchasing power to the tune of 15% per year.

T. Keep $1500-$3000 on deck, the rest... into assets.

>>28856837
>15% per year

>>28856837
This.

>>28856653
Ngmi

>>28856995
This people just rattle off stuff they heard on twitter

Why would you short the most parabolic asset in the history of mankind?

>>28856609
>savings account
holy shit you’re a cuck

>>28853666
Satan knows better.

>>28856995
>>28857261
How much $$$ did central banks print in 2020 & 2021? Did assets & *desirable* real estate increase in price? How much?
How much have commodities (e.g. lumber), beef, etc. increased in price over the past few months?
Wake up.
Honestly though..... rhetorical.
You guys missed the fucking point. I'm not surprised.. hence your networth.

>>28857837
You know the fed can deflate the money? They’ve been doing their job for a century now, I trust them over some foreign(likely Canadian) virgin

>>28857837
your networth is 1/10th of a bitcoin lmao, what a cuck zoomer

>>28856609
why? crypto and boomerstocks can be liquidated within a week. i do keep enough for at least one month's rent in usd though

>>28852830
NOOO YOU HAVE TO HAVE 10K IN HECKIN' CASHERINO SITTING THERE INFLATING OR ELSE YOU AREN'T BEING FINANCIALLY RESPONSIBLE!!!! I REGULARLY HAVE $10K EMERGENCIES!

>>28857976
>You know the fed can deflate the money?
The FED has been inflating assets since the '08 financial crisis. QE.
Watch what people do, not what they say.
>>28858025
That it? Ignore the answers you don't like?
I'm rich.
Enjoy!

>>28858405
my friend was trying to tell me to keep six-months salary in a USD savings account and i'm like nah bro

>>28858405
based

Jesus Christ just have an emergency credit card, that gives you at least 1 month to liquidate some assets and you aren't stuck sitting in fiat waiting for an emergency that probably will never come.

>>28853666
Based Lucifer

>emergency fund
Let me just bank thousands of dollars to sit there and do absolutely nothing yeah good idea

I mean its not like credit exists right?

This is a based thread, truly we are superior to plebbit

>>28856837
You're a retard but you are right insofar that time in the market statistically beats trying to time it and invest into dips while sitting on cash for too long.

>>28858970
>Let me just bank thousands of dollars to sit there
You mock this but many people on /biz/ do this in the form of “precious metals”

>>28854593
>boomers
>own property
>have families
>good paying jobs
>while zoomer and millenials cry and whine and beg for scraps

haha yeah dumb boomers and their boomer logic

>>28859049
How much does it cost you to keep 15k in cash and not invested?
How much emergency fund do you need when your portfolio passes 100k, 500k, 1 mil?
Are you rich? When you need fiat, collateral loans.

>>28858474
>I'm rich

now this is cringe

>>28858212
You can make good interest on your money. Bank literally pays you to bank with them basically

>>28859228
Boomers stole those things from future generations.

RICE

>>28855027
Something like half of Americans can't cover 300 bucks without taking a loan

>>28852830
you probably dont need an emergency fund when you live at home with your parents

>>28854829
it's because they fear having to sell at a loss, no matter how small it is
not investing 10k > small risk of having to sell stocks at a 5% loss in case of an emergency in their opinion

>>28859379
>good interest
kek

>>28859379
>Bank literally pays you to bank with them basically
lol, i would be interested to see where you're getting good returns from a bank. maybe if you're already a richfag you can put like a mill into dividend funds or something through your bank, but we are talking about holding liquid cash here (savings or checking account).

I've never had enough for a 1k emergency fund, it really does help my cat got hit by a car and was gonna have to put her down because I was so broke.
Luckily I refused to put her down and helped her recover but had she been worse off she wouldn't have had an option.

And that's just a cat I'm fucked if anything else happens.

>>28859379
What kind of fucking bank gives you "Good money" in interest these days lmao

Ok I am a boomer (35) and have a small emergency fund in a saving account because I own a home, so it's reasonable to think I need to have thousands in cash on hand at all times.

But I'm seriously thinking of just dropping it all into stable coins on Celsius and getting 12.5% so at least it's not dying in a bank account. Thoughts?

Btw I'm trans if that matters,

>>28860776

It really doesn't matter, so why did you post it? What could that possibly add to the discussion

>>28861052
Sorry, just a carry over of /fit/ humor I guess, didn't know if you fags were in the know

>>28860776
Just buy some crypto cunt, also /fit/izen here.

Say you actually need emergency money, you can always liquidate some crypto and cash out if its THAT BAD, or you can just a loan, interest rates are tiny as fuck now, or you can just use a credit card and pay it off straight away.

I use to be the type of cunt to keep $50k in savings for emergencies, but now I only keep 2-3k max.

Do any of you have a wife, children, older parents, car, or run their own business? It’s common for adults with responsibilities to keep some cash for unforeseen situations. I mean seriously, if 10k in a savings account is hurting you that much you need a better job.

>>28853666
based

>>28861321
What if a crash happens at the same time that plummets your crypto and stocks? What if liquidity halts? You’ll be left with nothing but debt bud. You think you’re the smart one here? Bud I have more hair on my ballsack than on your chin I bet.

>>28861442
You can take 8k of that 10k and 2-3x it in a relatively short period of time with crypto....

>>28860776
damn post wall tranny

i would end it

>>28854703
>cash
kek

>>28861560
Who said anything about being in debt? And crashes always happen, but the gains return very quickly.

Crashes shake out weak hands like yourself, while people like me prosper.

>>28858212
>paying rent
kek

>>28860393
You dont need to pay anyone to put down your cat if you arnt a faggot

>>28861442
You can get money out of crypto in a few days at the most if you had to.

If 10k in a savings account would be a significant part of your assets, you haven't come close to making it. I keep some cash in a savings account because some bullshit might come up. But the money in the savings account is about 2 months salary, not exactly a huge chunk relative to everything else.

>>28861696
>but the gains return very quickly
What if you sell for -90%? And you have a mortgage to pay? Medical bills to pay? Daycare, food, electricity, vehicles? You have a job and kids right, at least a gf then? How is she going to deal with an unemployed biztard preaching about the moon?

Don’t invest more than you can lose, good luck kid. Used to be just like you 10 years ago.

>>28861442
Most people ITT live with their parents or are in college.

>>28861802
That's nice of you to have come here to say that, You and the vet both agreed on that part I should have put her down.

Second vet didn't agree cause he wasn't a piece of shit and she's absolutely fine now after helping her recover.

No wonder this board is so edgy, when you haven't ever been loved by anything alive it's easy to be a piece of shit.

>>28862033
Not true.

BEANS.

>>28853666
>>28859666

>>28862016
>What if you sell for -90%?
Then you're a retard.

>>28853666
/thread

>>28859379
>Bank literally pays you to bank with them basically
Compare your interest rate against inflation rate
YOU are paying the bank so they can make more money using your money
Putting money in savings account is literally being a cuck for kikes to profit off your money

>>28862033
rekt

>>28861560

based

>>28863786
CASH
IT
NOW
IF YOU CAN

It's not there to chase returns, it's there for peace of mind so I can feel comfy holding my coins as long as I please.

>>28853666
satanic !