Comments on Single Guy Money: Thursday Talkback

I use the concept of pay myself first to invest an...

2008-08-07T23:56:00.000-04:00

I use the concept of pay myself first to invest and only keep enough cash not invested to pay one month bills.

All of my investments are in tax sheltered accounts, so though they can be cashed very quickly I would not want to as I would have to pay taxes at a very high rate. If I need cash urgently I have access to lines of credit.

So my answer is less than 5% of my net worth

8% for me. My net worth is dominated by my 401k a...

2008-08-07T17:10:00.000-04:00

8% for me. My net worth is dominated by my 401k at 80%! that's what 100% matching of 100% maxing does for ya ;)

20% of my $215k networth is liquid. $6k in cash/ch...

2008-08-07T12:01:00.000-04:00

20% of my $215k networth is liquid. $6k in cash/checking and $37k in Capital One money market. Rest is in the market via mutual funds/stocks/stock options etc..

About 20% of our net worth is liquid. Maybe a lit...

2008-08-07T11:32:00.000-04:00

About 20% of our net worth is liquid. Maybe a little less than 20%. I would think a CD would be on the more liquid side of things.

10% - Our networth is approx. $60K and we only hav...

2008-08-07T09:09:00.000-04:00

10% - Our networth is approx. $60K and we only have $6K in cash in various banks. We are working on building that up as that $6K is our E-Fund.

Do you consider a CD to be liquid? I thought that was a type of investment.