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/biz/ - Business & Finance

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29839771 No.29839771 [Reply] [Original]

Anon you don't have a 6 month emergency fund??

What if you get fired, evicted and your dad dies in the same week? You're screwed!!! You dunderhead!

>> No.29839816

>>29839771
>What if you get fired
lmao unironically being a wagecuck

>> No.29839848

>>29839771
i have 2k in my bank account and think even thats too much. You should be 100% invested.

>> No.29840056

>>29839771
Keep your “emergency fund” wherever the fuck you want as long as its liquid enough. Also wouldn't make much sense to have a huge ass fund for “split-second emergencies” with a 1-2k checking account transaction limit (which the average NPC is stuck in)

>> No.29840087

>>29839848
I literally have £230 in my bank spare. 99% invested

>> No.29840103

>>29839771
>What if you get fired
Id be able to get another job before I left the parking lot. Imagine not having desirable, employable skills that you're good at.

>> No.29840237

>>29839771
i call my ubs contact and have him flip a one of my liquid etfs which is at a slight loss in order to offset gains at tax season

imagine not banking at an institution that gives you access to high velocity equities for situations like that

reddit

>> No.29840441

>>29839771
>>29839848
>>29840087
it's fitting that the business and finance board hosts some of the most financially illiterate subhumans who try to feel superior about their piss-poor decisions by posting basedjaks and jerking each other off about who has to call dad first when their car breaks down on the freeway and they can't afford to pay the tow truck. neck yourselves and leave my board you retarded niggers

>> No.29840544
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29840544

it's fitting that the business and finance board hosts some of the most financially illiterate subhumans who try to feel superior about their piss-poor decisions by posting basedjaks and jerking each other off about who has to call dad first when their car breaks down on the freeway and they can't afford to pay the tow truck. neck yourselves and leave my board you retarded niggers

>> No.29840550

>>29840441
>owning a car that breaks down

>> No.29840720

>>29839771
I got tired of it once I realized I have a 5 year emergency fund doing fuck all in the bank.
Now I'm just dumping 25% of my salary into crypto to see what happens .

>> No.29840807

>>29839771
shut up dave I'll get gubmintbux if all that happens. this is all your fault btw

>> No.29840871

I have £250,000 cash in the bank. Whats wrong with that?

>> No.29840889

>>29840544
>>29840550
4 fig folios can't afford not investing all their money, understandable

>> No.29840928
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29840928

>>29839771
I have around 500$ on my card to pay bills and shit for a few months, and maybe 1k or less in cash. Besides this I have around mid six figures in shitcoins and yield farming, and if I ever need to cash out I can always go to the crypto ATM and cash out some ETH anonymously after it's passed through Tornado.cash or XMR.

>What if you get fired, evicted
Also imagine being a wagie or renting when you have enough crypto, kek

>> No.29840979

>>29840889
i have an infinite line of credit from my bank you midwid midwealth retard

>> No.29841010

Whats the point of being a multimillionaire if you never spend a penny of it?

>> No.29841025

>>29840979
>credit

>> No.29841267

> What if you get fired, evicted and your dad dies in the same week?
I don't know if you've been following the news for the past year, but this has probably happened to thousands of people recently. It only takes 2-3 emergencies in short succession to completely derail your life, having a fraction of your net worth set aside "just in case" and losing buying power to inflation is better than the alternative.

>> No.29841342

Yeah, imagine needing government bailouts after 2 weeks of decreased income. Fucking idiots.

>> No.29841360

>>29841267
sure, but how long does it take to liquidate assets? no one here is buying extremely illiquid assets, it's a simple market sell away from being liquid again.

>> No.29841523

Fired? I just fucking retired.

>> No.29841624

>>29841360
The issue isn't liquidity, the issue is stability. Most of what /biz/ discusses on a daily basis are "generally" extremely volatile investments, whether that's crypto or penny stocks or some meme shit like GME. Every single week some anon buys up the bags of another anon and is left with a fraction of their initial investment. In an emergency you'd be forced to sell at a loss, so now you're even worse off than if you had just kept it in cash to begin with.
> inb4 I never lose ;)))

>> No.29841711

>>29841267
>What if you get fired, evicted and your dad dies in the same week?

It's hard to get evicted, you literally have to try

>> No.29841821

>>29841711
I own my place, the police would basically have to drag me off.

>> No.29841919

>>29839771
Having spare cash is nice not only for emergencies but also for market crashes.

>> No.29841945

>>29841624
sure, but thats a separate issue. You should have enough stable, liquid assets to cover situations like that (bonds, etc)

>> No.29842085
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29842085

>>29839848
>>29840087
i have a $250,000 crypto portfolio with $150 in my bank account

i went to the food bank yesterday lol

>> No.29842132
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29842132

>>29841624
I can always sell a small quantity from a shitcoin I made profit on

>> No.29842147

>>29841945
or, better yet, a stable and large line of credit that you can settle with stable liquid assets.

when youre starting out though having a couple k in cash is definitely the best thing to do

>> No.29842266

>>29839848
idk, i have 5k in my bank from neet bux and 40k in crypto that was flipped from 1.2k originally. why put money every week when i can play shitcoin roulette

>> No.29842330

>>29839771
>he doesn’t cover expenses in long term hold dividends

I bet you rent too

>> No.29842420

>>29842085
Based. Do you make sure to look scruffy/poor when you go, or do you pamper up to flex on the wagies?

>> No.29842470

>>29842132
for example, last week I pulled out from BNB after making a 50% gain from 190 to 300$. Moved that money into Aavegotchi and now I made another 10-15% profit or so. Now if I need money I can sell the profit and keep my initial investment, and pay with money made from nothing to solve my problem, kek

>> No.29843394

>>29842420
well, i hardly ever shower anyways

>> No.29843552

What's the worst that could happen to me? Like honestly?
My dad has a shitty funeral and I'm homeless for a few days. I'll go to one of those homeless outreach places and they'll get me a job because I'm not homeless or a drug addict.

>> No.29843564

>>29839816
>he doesn’t do something fun for six figures while his stack grows

un-based and basement pilled

>> No.29844590

>People would rather doss in a homless shelter than sell any of their investments

>> No.29844960

>>29842420
this lifestyle is honestly so based because of how hilarious normies who spend their money to flex their wealth look