Earlier this year, I had 6 months of expenses in my savings ...
Earlier this year, I had 6 months of expenses in my savings account. But then around February to April, concerns about inflation began to spread in the media. Rather than being afraid of a stock market crash. My thought is, if inflation is eroding it every year, why should I keep so much cash in my savings account.
My thinking is even if my portfolio collapses by 90%. I still have enough money to pay for 6 months. But the problem is, if the worst happens and $SPDR S&P 500 ETF (SPY.US)$ / $Vanguard S&P 500 ETF (VOO.US)$ / $Vanguard Total Stock Market ETF (VTI.US)$ crashes by 90%, then there may be a problem in the world that is bigger than my lost money. The best-case scenario is that my capital appreciation is higher than 0.01% and higher than the inflation rate in the savings account. Does anyone else do this?
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Pochong : I don't I put my money at Bitcoin.