Re: Question About Emergency Fund
I've been struggling with this same question.
I hold about 3months of EF in a local MMA (not paying nearly what it should)
I hold the balance of my liquid assets in a laddered Fidelity Brokerage Account. The ladder consists of a percentage of the following holdings:
Money Market Mutual Fund
Right now short term bond funds
Moderate Allocation Fund
Equity Funds (mainly Large Caps right now)
I figure if I find myself in a true emergency I can tap Credit Cards and then liquidate whatever money I want depending on need.
Right now I hold more cash than anything since the market has been doing so well and I'm still trying to get my percentage worked out.
As said here, it kind of a personal decision based on your circumstances and whatever you do, it may never seem enough or the right choice at different times through life.
|