Does anyone else think SPX is due for a dip? I want to start buying into it but it seems worth waiting for the inevitable next dip
Mason Gonzalez
I knew a man, died in his 90s, who regretted he wouldn't be able to participate in the markets anymore and how he had 'more to do'. Told me this while he lay in his bed. Kinda haunts me.
Brayden Morris
I invested my emergency fund. Was it a mistake? Have you invested your emergency fund?
You should always have some emergency cash at least 3x a comfortable living wage. You don't know when the next emergency will happen or what i will be, when someone will ask for help etc
Robert Walker
I haven't had an emergency requiring a fund in 10 years though. Imagine if I had invested it that whole time. Even if it's in super non volatile index funds or something. Even if there's a huge crash, if I've invested it for a year it probably would come close to breaking even.
Owen Walker
Well yes, requiring the use of that fund shouldn't be a regular thing. You should never have to use it at all. However it shouldn't take you that long to accumulate it. I see it as an absolute amount (keeping pace with inflation if you want). Once you reach roughly 3x wages then you can put all your income into your stocks
Brody Gray
Friendly reminder that we are in a major tech led bubble, and you should have cash on hand ahead of market correction
What are your thoughts on NIO? I was not expecting the dilution after a bought the previous 42 dip. I'm thinking of just taking the loss instead of waiting for it to go back up again.
A couple months expenses is fine. 3x wages is crazy. That's million for my wife and I. We still have 200k because wife doesn't want me playing with her money so she has 80k in a 0.6% savings and 75k in a 2.25% CD. Feels bad man
You're the most conspicuous redditor I've seen recently
Thomas Thomas
Should I fucking bother with a Roth IRA?
Lucas Williams
Sorry I realised I was really unclear in my posts. I meant 3x a comfortable MONTHLY living wage. Not annual, that would indeed be crazy
Anthony Lopez
a resounding work of genius, impeccable scatological taste immaculately entwined with the butthole of thine imaginary sister. doth rapier has felled me.
10/10 would fuck sis bum again
Aiden Butler
So, three month's worth. So if you're earning £2500 per month after taxes then try to keep £7500 in cash for emergencies. I think it's a good rule
Jacob Jenkins
bump
Michael Bennett
NO
PUT IT IN DIV
EVEN IN A CRASH IT WILL BARELY FLINCH, AND THE DIVIDENDS WILL MORE THAN MAKE UP FOR ANY POTENTIAL LOSS
Henry Davis
please tell me CRSR will stop crashing and return to 40s by mid jan. Lost 30k in two weeks on stock options. All profit but the pain is real
So what about the situation we just had in February where many companies cut dividends, the stock prices all fell by large amounts with few exceptions, and, for example, the emergency is that you happened to lose your job at the beginning
Your money has just lost loads of value due to the tempoary share price crash, your dividends have been cut, and you have no income. You have no emergency fund because it's in divvie stocks which have lost value at the time you need access to money
Now you have to sell at loss or ask people for money
My target was six months of my current cost of living (around $20k total), but I'm starting to rethink that, since if I was ever unemployed for an extended period of time, I'd start cutting back on my spending and withdrawing from my stocks anyway. That's the funny thing about emergencies, you don't expect them coming. Not having 10k or so invested isn't going to ruin your future finances.
