Re: Using a mutual fund for an emergency fund
I do it. I invest my EF in stocks/play money for DH. I leave $15k in there and figure if it's a loss it's a loss. I also invest our EF in a S and P index fund for $10k and the other $5k is liquid. But my DH loves risk and refuses to let me sink cash sitting around, of course I circumvent this by stockpiling cash for things that are coming like tuition bill, etc. So like right now in the bank I have $10k in cash for $6k tuition bill coming up. umm...yeah. Guess it depends on how you manage money.
I don't think that any one answer is right or wrong.
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