View Poll Results: How much in Liquid cash do you have? | |||
$0-10K | 23 | 14.84% | |
$10-20K | 15 | 9.68% | |
$20-50K | 38 | 24.52% | |
$50-100K | 15 | 9.68% | |
$100K+ | 64 | 41.29% | |
Voters: 155. You may not vote on this poll |
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07-02-2018, 03:55 PM | #1 |
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Cash Liquidity
How much in liquid physical cash do you always have on hand? It's an anonymous poll; I am strictly curious what people always have on hand in an emergency. When I say liquid, I mean cash; or something that isn't a long term investment and could be turned into cash tomorrow.
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07-02-2018, 04:11 PM | #2 |
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Again, this is strictly curiosity... most people have grand 401k's, stock investments etc. but often forget about the importance of cash. The usual 3-6 month rule of expenses is typically followed.
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07-02-2018, 04:21 PM | #3 | |
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I spend about 20 bucks on things for me, and for the kids about 100 bucks per nose per month. I average on ten months worth of cash to keep going.
I also have on my cash reserve of a few k in an other country but all else is tied to investments. I've never seen anything I wanted to buy and couldn't. This is a stupid poll, that's a lot coming from me.
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07-02-2018, 04:22 PM | #4 |
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I would avoid keeping more than a few grand as the money isn't making any money for you. I can always sell me shares and have instant access to my cash. Also have lines of credit I can tap into and have cash right away.
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07-02-2018, 04:24 PM | #5 | |
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07-02-2018, 04:25 PM | #6 | |
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... A LOC often has an interest rate you might not want... |
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07-02-2018, 04:30 PM | #7 | ||
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07-02-2018, 04:32 PM | #8 |
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Can sell my Audi...that's almost like million in cash right there, right?
When you get in your 40's...most of this should start to pan out. Unless you really suck at the game of Life. |
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07-02-2018, 04:35 PM | #9 |
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this doesnt work in a SHTF scenario. all digital assets would be garbage.
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07-02-2018, 04:36 PM | #10 | ||
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My inheritance is tied down, so I got to pay taxes for it but I can't cash in on anything but the truth is I don't need much. I rather die than go shopping and my husband is more than capable for supporting for the family. I'm willing to go to great lengths so I don't have to spend a cent. I hate shopping that much. I also get my kicks with doing renovations with budgets of cents and then selling for a bit more. I think it's funny how anti spending I am, but if you give me a hundred bucks, I rather find a way to make it a hundred and 5 than spend it. It's not that I need more, it's just that I really,really fucking hate shopping. Now, give me a long term profit and then let's talk.
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07-02-2018, 04:38 PM | #11 | ||
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it would just be guns and bartering random shit for food... unless someone wants a heavy brick
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07-02-2018, 04:40 PM | #13 | ||
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07-02-2018, 04:42 PM | #14 | ||
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07-02-2018, 04:42 PM | #15 | |
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Bad at both babe!
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07-02-2018, 04:44 PM | #16 | |
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Yeah, I fuck around with the market too but AAPL is not something I ever could invest in.
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07-02-2018, 04:55 PM | #17 |
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This should be as a % of your net worth or % of your annual expenses.
I know people that spend over 1M a year and have 4-5M is high quality/short term fixed income assets. This might sound like a huge number, but is a small % of their total net worth. We usually recommend a few years (5-10) of your total expenses in bonds. |
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07-02-2018, 04:58 PM | #18 | |
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07-02-2018, 05:01 PM | #19 |
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ive got no good idea where i am at, but i just had all my watches and jewelry appraised so gonna guess its close to that number lol. add in the $,$$$s of tools, parts and other random things and i could have a nice pot of cash if i didnt love all my things so much.
cash on hand i keep ~6 months worth of necessity bills + a little spending money. |
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07-02-2018, 05:07 PM | #20 |
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07-02-2018, 05:08 PM | #21 | ||
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So you holding or shorting? You got an in on his moves? I've been out from the market for like 8 months since I realized I felt like I knew too much. Tmi working against me! That makes me a weirdo, but hell no, I won't make a cent by robbing others.
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07-02-2018, 05:08 PM | #22 | |
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