Reply Hey Mom! Learn more about the Gerber Life Insurance Grow-Up Plan!
 
Thread Tools Display Modes
Old 04-18-2017, 11:38 AM   #11
stepingum
Registered Users
 
Join Date: May 2015
Posts: 34
Re: Dave Ramsey - Budget - Debt Free Spring Thread

We keep some in a Taxable Brokerage account at vangaurd.com, invested in Index Funds. It is subject to market fluctuations (when the market crashes it is entirely possible that we lose half, which will recover over time unless we need it at that moment) so we like to keep at least 10k in a Savings account at the bank, even though the interest rate is so pathetic. It is hard to know what is best; if we knew we wouldn't need the money in an emergency, it would most certainly do better invested, but job loss and market crashes usually occur together, and that is the worst time to sell investments. Our hope is that 10k would be enough to keep us afloat until we could find another job, without having to tap into the investment account. When the market is strong then we don't hesitate to use our investment account to fund larger purchases such as a new septic system or vehicle. I hope this helps!

Advertisement

stepingum is offline   Reply With Quote
Old 04-18-2017, 05:32 PM   #12
abh5e8
Registered Users
 
Join Date: May 2013
Posts: 538
Re: Dave Ramsey - Budget - Debt Free Spring Thread

We do the same with a taxable brokerage account at vanguard... But it is only for long term savings, like 10+ yrs. If the market is high, we may pull some out, but I would not keep down payment savings there. Too risky for my taste. 😄
__________________
Lovin my dh and our 5 sweet blessings....dd1 (9), ds1 (7), ds2 (6), dd2 (3) and ds3 (brand new )
abh5e8 is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Copyright 2005 - 2014 Escalate Media. All Rights Reserved.