Re: Where are you putting your emergency cash stas
I keep about 10-20k in my credit unions "limited money market". It pays 2.5% and can be withdrawn from once a month for free, $25 a withdrawal after that (big whoop).
The rest of my short-intermediate money is in my short term corporate bond account. All my taxable funds (Wellesley, japan, europe indexes) pay their distributions out into the short term corp fund, which also reinvests dividends.
When my checking account runs low, I pull a distribution out of the limited money market. When that goes below 10k I pull another 10k out of the short term corp. The other funds keep pumping that full of money.
Anything big that I dont want to pull cash from my vanguard account, I'll use my HELOC for and pay that back in a month or two or three. So far nothing big and unexpected has happened.
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.