haha
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
A steep and relentless downturn like we have been experiencing really puts cash management techniques to the test. I have always carried a pretty good sized cash balance, but I tended to look at it as "dry powder", rather than something that had to be maintained at whatever level needed to sustain consumption for a long time.
So I have been going along merrily buying stocks in this crash, and suddenly I realize that if I experienced a few big dividend cuts, or an unusual need for cash in my life it might be a little tight.
So I am thinking that for my personality anyway, I might need to keep whatever cash cushion I think I might need- likely no more than one tight year's worth-in an account entirely separate from my brokerage accounts.
Do many people here do that?
Ha
So I have been going along merrily buying stocks in this crash, and suddenly I realize that if I experienced a few big dividend cuts, or an unusual need for cash in my life it might be a little tight.
So I am thinking that for my personality anyway, I might need to keep whatever cash cushion I think I might need- likely no more than one tight year's worth-in an account entirely separate from my brokerage accounts.
Do many people here do that?
Ha