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/biz/ - Business & Finance

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28992258 No.28992258 [Reply] [Original]

>emergency fund

>> No.28992335

>crypto currencies

>> No.28992379

This thread again?

>> No.28992409

>>28992379
/thread

>> No.28992448

When the average American is living paycheck to paycheck and a thousand dollar unexpected expense can put them flat on their asses, then a liquid emergency fund is pretty necessary.

>> No.28992607

>>28992379
>having the same coins shilled endlessly is fine but a thread playfully mocking Reddit tier financial advice is bad

Go back

>> No.28992675

>>28992258

if you don't have an emergency fund you're a fucking idiot.

>> No.28992692
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28992692

>>28992258
> emergency bankruptcy

>> No.28992771
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28992771

>>28992258
>vanguard etf

>> No.28992903

>>28992675
>having a large amount of money doing absolutely nothing for years makes you smart

>> No.28993048
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28993048

>buy low sell high

>> No.28993173
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28993173

my emergency fund is usdc on aave

>> No.28993185

>>28992607
Emergency fund is reddit tier financial advice. You live with your parents, and they're probably rich

>> No.28993324

idk some people might need cash on hand for whatever retarded shit they're involved in. Personally I don't have any money in a bank account, all in crypto. And withdrawal fees are zero where I trade so if i need money i just wire it over.
Thinking about getting one of those crypto credit cards but havent bothered yet.

>> No.28993382
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28993382

Saving for a rainy day

>> No.28993385

>>28992258
I fell for this meme, and lost out on buying a full bitcoin for it.

>> No.28993580
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28993580

>side hustle

>> No.28993694

>>28992258
Your emergency funds are your investments, that's why you don't invest more than you can lose. If you need surgery or whatever you have to liquidate your investments, you don't save in preparation for breaking your leg, because it should never fucking happen.

>> No.28993988

My emergency fund is a SP 500 ETF.

>> No.28994794

>>28993694
I think the whole point of an emergency fund is that you can't afford not to have it available and liquid at the time that you need it. In that sense, the "don't invest what you can't afford to lose" advice would preclude investing your emergency fund in the first place. You also would be protected from having to liquidate at a loss. Basically, an emergency fund is just a hedge, like gold or bonds. You won't make a lot of money on it, but it protects you from loss.

>> No.28995043

put everything into PRQ, its stable

>> No.28996218

Just have a credit card for emergencies desu

>> No.28996331

>>28992379
Filter it, retard.

>> No.28996423

>>28992258
** emergency fund to buy the dips
There, corrected it for you

>> No.28996420

>>28992903
>have emergency fund in case of job loss
>hold it in my brokerage account to help meet the PDT rule