Comment on I got the money saved in my mansions safe.
Bonsoir@lemmy.ca 3 weeks agoThe goal of an emergency fund is to be available for an eventual emergency. If you lose your job and need to live on saved up money for a few months, you might be forced to sell stock at the wrong time, losing capital. There is a middle ground where you invest that money in a low-risk investment product that will grow with time, without the volatility of the stock market.
omgitsaheadcrab@sh.itjust.works 3 weeks ago
Indeed. I think 3 months is reasonable too, that’s more than enough time to find another job. And you can leave it in an easy access savings account so it makes a little interest