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Thread: Boy, that Dow

  1. #121
    Senior Member Rogar's Avatar
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    I don't foresee any immediate need for cash because of the virus, but it's probably a good idea to have a little on hand as part of a general emergency kit. I use cash for gas and restaurant purchases because of some sort of real or imagined issue around skimming and identity theft, so always have some in the house.

  2. #122
    Senior Member rosarugosa's Avatar
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    I keep a small cash stash at home as well. It's come in handy several times, as a convenience, not for an actual emergency.

  3. #123
    Simpleton Alan's Avatar
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    We've pretty much gone cashless in our every day lives so we just keep a few 20's in the kitchen for those emergency girl scout cookie purchases and we both keep a 100 dollar bill in our wallets for that as yet unrealized time when plastic won't work when we're out and about. Other than that, I don't feel the need for an emergency stash.
    "Things should be made as simple as possible, but not one bit simpler." ~ Albert Einstein

  4. #124
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    Guess I am the odd man out... We have a few thousand around (in small bills).... just in case.

  5. #125
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    We have 2 years expense in a cash account. It's doing OK at only 12.5% loss right now.

    Locally we keep 6w expenses for immediate access.

  6. #126
    Senior Member dmc's Avatar
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    Starting tommorow to rebalance a little. Buying S&P 500 mutual fund. Just nibbling for now.

  7. #127
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    Quote Originally Posted by Gardnr View Post
    We have 2 years expense in a cash account. It's doing OK at only 12.5% loss right now.

    Locally we keep 6w expenses for immediate access.
    You lost 12.5% in cash?

  8. #128
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    Quote Originally Posted by LDAHL View Post
    You lost 12.5% in cash?
    It's our cash fund in our investment accounts rather than our market/IRA/Roth

  9. #129
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    But how could it have lost 12.5%? Did you have it in an index fund, as "cash" for future needs? I'm confused, too.

  10. #130
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    Quote Originally Posted by Gardnr View Post
    It's our cash fund in our investment accounts rather than our market/IRA/Roth
    So it wasn’t invested in cash instruments like t-bills, commercial paper or repos, like you would see in a money market fund?

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