this post was submitted on 30 Mar 2024
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Memes

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Post memes here.

A meme is an idea, behavior, or style that spreads by means of imitation from person to person within a culture and often carries symbolic meaning representing a particular phenomenon or theme.

An Internet meme or meme, is a cultural item that is spread via the Internet, often through social media platforms. The name is by the concept of memes proposed by Richard Dawkins in 1972. Internet memes can take various forms, such as images, videos, GIFs, and various other viral sensations.


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[–] [email protected] 14 points 7 months ago (1 children)

Would certainly suck if those six months worth of emergency fund had temporarily gone down to four months because of a downturn in the stock market though.

Accidentally there might also be some correlation with stock markets going down, and an emergency happening. Eg large company laying staff off.

That said you can do the math and see how much that money would return on average on etfs compared to a bank account, and decide if that's worth the risk to you.

Experts say no, I agree with them but I see your point, and it's definitely worth to challenge these suggestions.

[–] [email protected] 2 points 7 months ago (1 children)

The only way you can have your emergency fund invested is if you have a very good credit card which can cover all your expenses for a month or two. You can then reduce your emergency fund to one month's worth so you can have cash if needed.

[–] [email protected] 2 points 7 months ago

I had an 18 month 0% card last year. I floated a bunch of expenses on it and paid it off a few days before interest kicked in. I also earned rewards points from the card, so double win I guess.