Quote:
Originally Posted by kevman
As someone with some cash that is in the process of setting up their first investment account how much liquid cash, as a percentage of assets/earnings, should one keep in a chequing/saving account as a rainy day fund?
I must add I am pretty excited about the recent market crash... compared to July my buying power just got a whole lot better  |
Well its a good idea to keep 3 months aside to cover things in most cases. If you can have more, that is better, but you do want to make sure that you can pay the bills.