LogFAQs > #954987164

The only thing keeping me in California is my job. I work for a school district and have seniority, a pension, and full benefits. The district is underfunded, they have screwed me out of potential and actual money (barely making me ineligible for summer assistance, forcing use of vacation days), but damn the job is stable. I don't worry about losing the job. I have about 50k in cash in savings and I'm considering throwing it into stocks and bonds because I don't feel I need to have much if any savings because I learned that I can borrow against investments if I do get into a financial emergency at just 2% interest.

But at the same time, California has had problems for decades. In addition to the problems with water and real estate, we have some serious infrastructure problems. In the late 90s and early 2000s, we had a strained power grid. There are rolling blackouts when it gets too hot and people need air conditioning. Notice the present tense. 20 years later, they still haven't fixed it. The solution is to run ads to tell people to not use electricity during peak times. Not to mention the mess with traffic in every major California city.

The reason why I hadn't put all my money into investments sooner is because I was looking to leave (so I'd need money to cushion me) until the pandemic hit and I realized just how lucky I am to have a stable job. Then I kept my money in cash to try to invest in a home here. And I can't even do that. Now I have 17k invested and another 50k sitting around and in some ways, I'm still unsure what I should do.

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<D