B
Berkshire Bull
Guest
i was thinking this morning about emergency funds. many of us have them, in varying amounts, but how many of us have actually had to access them in the last 3, 5, 10, 20 years? meanwhile we're earning 2-3% and forgoing 7% or 10% by keeping that money out of longer term bonds or corporate equities. credit cards are not a suuitable means of purchasing "wants" but how about using them for needs. i'm sure many of us are currently contributing well in excess of our emergency funds toward our retirement each year. this is similar to the question whether to pay off the house or not, but it seems to me that one might be able to do better using most of their money to invest in longer-term vechicles and use revolving credit to pay for the unexpected. corporations do it via a bank line of credit. what do you guys and gals think?