How much do you have in your savings account compared to how much you have invested?
I'm keeping £5k in my savings and invest everything else I get, but I'm considering just shitting a couple more grand into dividend paying stocks
always around $2000
I let most of my money work for me.. more money sitting in my savings account is dead money
>>1320648
would you say £2000 is a good sum to keep as an emergency? Where do you hold your money? I have invested in pic related and I'm thinking of chucking another 2 or 3 grand into it
I put in half my weekly pay into my savings, a quarter into stocks, and the remainder as disposable income.
>>1320650
emergency funds are based on their holder entirely. how much you pay in bills, where you live, how much you receive in income, skills, job availability/security, etc. generally people suggest 3-12 months living expenses.
>>1320650
I think its a bit low for emergency funds . I think 5k is optimal, but i like living dangerously. I have a sweet deal with certain individuals where i can get 0% interest loans If i need them. I've helped them before, so it works both ways.
I hold most of my money in indexes, stocks, commodities, Loans and crypto. I like diversification
Invested ~100k
Savings ~150k
I'd much rather have it 200/50 respectively but I have to hold cash for a house settlement
>>1320642
Currently have 7k in savings and 3k in the market.
Waiting to see the market getting a bit less choppy and will go for 5k/5k
From there I have to think what the proportion will be. It will probably depend on my performance.
> $4275 in savings
> $3000 "emergency fund"
> $1000 in Roth IRA (newly opened and need to start funding)
> $500 "invested" in memestocks
>>1320642
>invested
~175k
>savings
~2.5k
>>1320642
>Like to keep ~10k in savings and about 1-2K in checking
> 10k roth
> 10k brokerage
> 180k in home equity
>70 in savings account to pay for the 4$ yearly cost
>3000$ in stocks, 600$ more each month
living with parents is great
>>1320642
I keep 2 years expenses in my emergency fund. Self-employed + 2 kids.
If you're single and have a steady career, 6 months is enough.
>>1320650
You have far too much exposure to cyclicals.
Brit Tobacco, Diageo and GSK are probably the only reasonable shares you have but they are highly geared.
With your picks, you would have achieved pretty much an equal performance with a low cost FTSE index tracker fund as the beta for those shares are probably near 1 anyway.
>>1320642
My investments ARE my savings. I grew up in a series of recessions, and any savings I would have kept hold of would have devalued due to inflation.
I have about £600 in shares in a solid company, and looking to cash most of it in this summer.
Why bother with savings until the boomers are dead? I'll 'invest' it in my lifestyle instead, and save more than the 3% interest they would have gotten by driving a reliable car instead of a 15 year old rustheap.
