I pay all bills during the last day of the month and there is no situation where losing, say, 30% of my savings (i.e. a market crash over a few days or few months) would do great damage to me (e.g. make it impossible for me to pay bills).
The only situation I can think of is a medical emergency where you couldn't wait a few days to sell the needed amount of the index fund.... but even then doesn't your insurance cover it for at least a few days?
The other reason why this is stupid is because it takes time and energy to buy more of the Index as income comes in and sell it to pay bills, but I'm OK with the extra work.
So, why not stomach the hassle, assume the risk, and get about 10% interest on what would essentially be my savings account. I'd have a little money in a checking account in case I need a cash asap for small purchases.
Submitted January 15, 2018 at 12:19AM by explore__ http://ift.tt/2B2yZ5E
