LogFAQs > #936104799

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Moonroof
03/23/20 3:01:29 PM
#252:


The issue is more so a mental security blanket than anything else. I have three pools of money:
  • Retirement (not touching until I retire)
  • Spending (day-to-day expenditures like food, rent, bills, etc.). I try to keep this around $20k just in case I ever need something last minute, like a major surgery or car.
  • Extra (this is the money Ive been using for stocks). I wanted this to gain interest so I put it on a Vanguard market fund, but the interest is significantly less than what I could be getting with stocks. I liked the low risk though, but once corona decimated the stock market, I changed my tune


What Im trying to say is, I dont NEED that money for anything other than down the road when I want a down payment on a house or something. I need to mentally understand that so I can start letting that money work for me.
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