How much % of your net worth do you hold in your checking account?

How much % of your net worth do you hold in your checking account?

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less than 1 %

This
Money does nothing sitting in a checking account
That's why poor people stay poor

About 5%

5% or less.

If you have more than like 10% you should invest it somewhere.

i'm broke

I got 128k in my checking account and about 29k in crypto lel

Seriously, my mom always told me to hold EVERYTHING in my checking account. Did my own research when I got older, now it's 5% for emergency.

why

he hates money

i dont know where to put it. Im currently trying to learn how to trade options and likely only play with a few thousand. i live at home btw

You shouldn’t really maintain a % of net worth, rather a % of monthly expenses. My monthly expenses are about 3k and I have a rent payment of 1500 which is cashed on irregular days so I tend to keep about 2-3k as a cushion. I could probably get by with

100% of $1000

unless you think there is a major crash coming why would you not just buy VTI, SPX, etc.?

0.2%

$0

>tfw negative net worth

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when do u think the major crash is coming?

2112

Everyone should have an emergency fund of at least 6 months of expenses but anything more than 10% in cash is a waste.

0

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>Everyone should have an emergency fund of at least 6 months of e

I never understood this meme

~60k in retirement funds
~100k in post-tax investments
~11k in emergency fund
~15k in checking account (primary account for in/out, autopay for everything goes through there)
~20k in non-liquid assets (car, etc)

So about 7%

7-8%, you want as little as possible but anyone competent keeps an emergency fund. If you don’t have enough cash you have to sell assets you might not want to and I fucking hate that.

somewhere between 5% and 10% is money sitting in my bank account.

About 3 months worth of expenses.

BANK
BAIL INS
ARE LEGAL NOW
money on account with the bank is not yours

What is a bank bail in?

over 80% and I probably have the highest nw ITT

0.2%

2% of free cash

Too much