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TopicWhat's the point of a savings account in a bank?
TheHoldSteady
02/16/21 11:05:12 AM
#43:


emblem boy posted...
You do have the money though... you just sold. And the tax isn't "due" until you file taxes.
Advice is usually to set aside whatever gains you made by what your tax rate should be if you want to make sure you have the money available to pay

I'm talking about strictly putting an emergency fund in stocks

Taxes are a form of debt

By putting emergency funds in stocks you're essentially creating more debt and if the economy tanks your emergency funds go with it

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