As it has been and will continue to be a good time to buy stocks at bargains over the next few months, there'll also be uncertainty around the job market/layoffs the longer this pandemic continues. I had been hoarding cash over the last year so have been deploying it the past few weeks; however, I'm also trying to figure out how much I should hold on to at a minimum in case I get laid off. What % of your annual income or how many months of expenses do you guys usually keep in cash? And are any of you stashing away more due to job market uncertainty?
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Generally speaking I believe an emergency fund of at least 6 months is always good to have.. Depending on what sector you're in, that may be more like 12
Fortunately I'm not facing too much job uncertainty, but am obviously being more conservative with spending. Also holding off for another plunge..
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