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.
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.
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
Guess I am the odd man out... We have a few thousand around (in small bills).... just in case.
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.
Starting tommorow to rebalance a little. Buying S&P 500 mutual fund. Just nibbling for now.
You lost 12.5% in cash?Originally Posted by Gardnr
It's our cash fund in our investment accounts rather than our market/IRA/Roth
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.
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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