Post by spunkarella on Sept 7, 2012 20:40:41 GMT -5
For your vote, let's define "lying around" as any and all money you could convert to cash in two business days or less, and "expenses" as your everyday average expenses, not bare bones.
Trying for #3; FET 8/18 -- BFN. Leaving things up to chance for now... After three years, three IVFs, and two FETs, we finally have our miracle babIES!
Post by hannamaren on Sept 7, 2012 21:05:23 GMT -5
We have $30k sitting in our savings account because my H likes to see it there. I think we should at least put it into a high interest savings account but he doesnt want to. It is our DP fund so wont be there forever.
ETA: Are y'all counting stocks too? I don't think of those as quite as liquid because aren't there fees associated with buying and selling?
Seriously. Of our non-retirement savings, maybe 40% is cash and that makes me twitchy because I think a lot more than 60% should be in investments rather than cash.
Stocks should be considered liquid assets. They can be converted to cash at any time; there are always buyers. Houses, cars, and other hard assets like that are not considered liquid as you are not guaranteed a buyer at any time.
I guess so. I just thought the question was asking more about an e-fund than non-retirement investments.
Here! I'm on my phone though so can't see the poll.
I certainly think there is a time and place to hold cash, but it's hard for me to prioritize it above other goals in the current interest rate environment.
About a year. We have a "high interest" savings where we are saving up to buy a house outright. Don't want to risk those liquid funds by investing or paying down this house or other things.
I voted wrong too. I was only including the "designated e-fund"
If I include the kitchen re-do savings and the $$ in savings that we haven't decided what to do with yet investment wise ... were probably looking at 2 years +
Post by MixedBerryJam on Sept 8, 2012 7:12:49 GMT -5
Edited: Not sure of the protocol here, but I got kind of freaked having my answer, so it was either delete the post or delete the text to remove my response.
Stocks should be considered liquid assets. They can be converted to cash at any time; there are always buyers. Houses, cars, and other hard assets like that are not considered liquid as you are not guaranteed a buyer at any time.
But the question asked for what you could convert to cash in two business days or less. I don't think we could get the money that we have in stocks, mutual funds, etc. into our hands that quickly. A week, maybe, but not 2 days.
I work for myself and am currently living across an ocean from my clients, so I purposely put a very big cushion in my savings account last year before moving. I realize the money would do more for me if I invested it, but psychologically, I like to have easy access to it.
Stocks should be considered liquid assets. They can be converted to cash at any time; there are always buyers. Houses, cars, and other hard assets like that are not considered liquid as you are not guaranteed a buyer at any time.
But the question asked for what you could convert to cash in two business days or less. I don't think we could get the money that we have in stocks, mutual funds, etc. into our hands that quickly. A week, maybe, but not 2 days.
Well if we are really going strict with these 2 days, then only what's in my checking account. Even ING takes longer than 2 days.
1 year just sitting at the bank and about 1-2 months in paper cash.
Our investments I suppose can be liquid but because of margin...2 days would be tough to get access to all of it right away, though not impossible. 3 days is feasible.