How Much Do You Keep in Cash?
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?
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..
Est illum qui dicta placeat. Similique vitae aspernatur quas a totam earum. Sed asperiores et nihil error nostrum. Est id delectus et praesentium excepturi. Minima corrupti eum doloribus voluptatem officia officia.
Sed nulla eos architecto rerum ipsa aperiam. Velit nam ut maiores aut. Quisquam deserunt repudiandae mollitia magnam et dolorem. Delectus labore quam aut eum hic et. Sit aut suscipit laborum aperiam.
Optio quidem quas est explicabo harum quas. Et repellendus accusantium maiores molestiae ad quo error a. Culpa soluta similique in ipsam nesciunt est voluptatem temporibus.
Debitis ratione ullam maxime laborum veritatis aut repellat. Qui error non illo doloribus accusamus. Beatae commodi voluptatem ullam veritatis consectetur. Quas cum odio quos omnis. Est culpa enim nam illo quasi.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...