Quote:
Originally Posted by Slava
You could always invest the money in the TFSA and and still have them liquid. If you decide that you need them down the road for emergency reasons, or something else, they are still liquid. It would be one thing if you were buying real estate or something that was hard to sell, but with most investments you can get the cash in a few days. There isn't a lot of reason to wait for the amount to build up and then invest it.
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Liquidity is one of the reasons its in ING, but the bigger reason is that this is short term investments. I don't really want my short term investments to be too volatile. ING does offer 3%. I know that's not alot, but it is pretty good for a high-interest savings account. I know mutual funds and stocks are never locked in. I
MG, I see where you're coming from when you are against an EF, but I may or may not be changing jobs soon, so I do think that I do need an EF. This may be my only source of cash if I'm "between jobs". In my current situation, I think I do need an EF. GF is also on maternity leave so her income is very limited.