Cash Liquidity

ASAP · 07-02-2018, 03:55 PM

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.

ASAP · 07-02-2018, 04:11 PM

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.

Lups · 07-02-2018, 04:21 PM

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.

bimmer456 · 07-02-2018, 04:22 PM

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.

ASAP · 07-02-2018, 04:24 PM

Quote:

Originally Posted by Lups

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.

LOL, not a particularly typical scenario... i've noticed in Europe, Asia and Middle East people usually have far more in cash than in the USA. In fact; the median family savings in the US is $3,500. That's a bit scary to me.

ASAP · 07-02-2018, 04:25 PM

Quote:

Originally Posted by bimmer456

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.

Can and would are often different things...

... A LOC often has an interest rate you might not want...

bimmer456 · 07-02-2018, 04:30 PM

Quote:

Originally Posted by ASAP

Quote:

Originally Posted by bimmer456

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.

Can and would are often different things...

... A LOC often has an interest rate you might not want...

I would sell my shares but haven't had to. Since that would suck if the stock rallied after I sold it and there are tax implications, but it's less than income tax. The interest rate on LOC is low and I only need to make interest only payments for 10 years and then have another 20 years to pay it off so the payments wouldn't be much. If I need quick cash for an emergency I can pay it back a week later and not really have much if any interest.

ShopVac · 07-02-2018, 04:32 PM

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.

BayE30 · 07-02-2018, 04:35 PM

Quote:

Originally Posted by bimmer456

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.

this doesnt work in a SHTF scenario. all digital assets would be garbage.

Lups · 07-02-2018, 04:36 PM

Quote:

Originally Posted by ASAP

LOL, not a particularly typical scenario... i've noticed in Europe, Asia and Middle East people usually have far more in cash than in the USA. In fact; the median family savings in the US is $3,500. That's a bit scary to me.

That's horrible.

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.

ASAP · 07-02-2018, 04:38 PM

Quote:

Originally Posted by SFCM3

Quote:

Originally Posted by bimmer456

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.

this doesnt work in a SHTF scenario. all digital assets would be garbage.

my emergency fund is all in firearms/ammo/gold. will have value regardless of economics/politics.

lol gold is useless in that scenario as well...

it would just be guns and bartering random shit for food... unless someone wants a heavy brick

ShopVac · 07-02-2018, 04:40 PM

Quote:

Originally Posted by Lups

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.

Dont like shopping. Okay, questing if your pretending to be a female...or just a tranny.

bimmer456 · 07-02-2018, 04:40 PM

Quote:

Originally Posted by SFCM3

Quote:

Originally Posted by bimmer456

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.

this doesnt work in a SHTF scenario. all digital assets would be garbage.

my emergency fund is all in firearms/ammo/gold. will have value regardless of economics/politics.

I'm not really a prepper don't have a bug out shelter in my back yard though I do have some emergency rations. Lots of cash in a walking dead scenario would be useless anyway, not sure what good gold would do either. Some guns and hunting knives would be prime currency as well as survival gear and skills.

bimmer456 · 07-02-2018, 04:42 PM

Quote:

Originally Posted by Lups

Quote:

Originally Posted by ASAP

LOL, not a particularly typical scenario... i've noticed in Europe, Asia and Middle East people usually have far more in cash than in the USA. In fact; the median family savings in the US is $3,500. That's a bit scary to me.

That's horrible.

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.

Buy Apple stock and hundred bucks will be 150 bucks in less than a year. Though a share currently costs north of $180 so you would need to invest more.

Lups · 07-02-2018, 04:42 PM

Quote:

Originally Posted by ShopVac

Dont like shopping. Okay, questing if your pretending to be a female...or just a tranny.

Bad at both babe!

Lups · 07-02-2018, 04:44 PM

Quote:

Originally Posted by bimmer456

Buy Apple stock and hundred bucks will be 150 bucks in less than a year. Though a share currently costs north of $180 so you would need to invest more.

Yeah, I fuck around with the market too but AAPL is not something I ever could invest in.

qba335i · 07-02-2018, 04:55 PM

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.

bimmer456 · 07-02-2018, 04:58 PM

Quote:

Originally Posted by Lups

Quote:

Originally Posted by bimmer456

Buy Apple stock and hundred bucks will be 150 bucks in less than a year. Though a share currently costs north of $180 so you would need to invest more.

Yeah, I fuck around with the market too but AAPL is not something I ever could invest in.

I'm down for whatever Warren Buffet is down for, though maybe it's him that agrees with me.

TheWatchGuy · 07-02-2018, 05:01 PM

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.

jlstyle · 07-02-2018, 05:07 PM

Everyone is loaded.

Lups · 07-02-2018, 05:08 PM

Quote:

Originally Posted by bimmer456

I'm down for whatever Warren Buffet is down for, though maybe it's him that agrees with me.

Does he?

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.

ASAP · 07-02-2018, 05:08 PM

Quote:

Originally Posted by qba335i

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.

Not a typical scenario and would be poorly representative of a median... this groups everyone as a whole and provided a median as opposed to average.

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

07-02-2018, 03:55 PM	#1
ASAP Major General 11016 Rep 9,147 Posts Drives: '23 X3 M40i Join Date: Sep 2012 Location: FL iTrader: (0)	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
ASAP Major General 11016 Rep 9,147 Posts Drives: '23 X3 M40i Join Date: Sep 2012 Location: FL iTrader: (0)	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, 04:22 PM	#4
bimmer456 Major General 3091 Rep 6,089 Posts Drives: 340i Join Date: Nov 2016 Location: Pasadena, CA iTrader: (0)	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, 04:32 PM	#8
ShopVac Not willing to take advice 4667 Rep 1,576 Posts Drives: F82 M4 - 6MT Join Date: May 2010 Location: PA iTrader: (1) Garage List 2014 Porsche 981 Bo ... [10.00] 2018 BMW M4 [9.87] 2023 Genesis GV70 [8.25] 2014 Audi S4 [8.25]	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, 04:55 PM	#17
qba335i First Lieutenant 410 Rep 329 Posts Drives: 335i Join Date: Feb 2011 Location: Chicago iTrader: (0)	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, 05:01 PM	#19
TheWatchGuy Colonel 3930 Rep 2,548 Posts Drives: 335xi Join Date: Mar 2018 Location: CO iTrader: (0)	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
jlstyle Lieutenant Colonel 364 Rep 1,762 Posts Drives: Porsche Panamera Join Date: Jun 2008 Location: USA iTrader: (0) Garage List 2014 Audi S7 [0.00] 2015 BMW X5 [0.00]	Everyone is loaded.
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