Personal Finance
The emergency fund is not boring - it's the whole game
The trade you never make is the one that lets you make every other one.
Six months of expenses. In cash. Boring, right? It is the single most important position on your balance sheet, because it's the position that lets you hold every other position through the noise.
Where to park it
A 5% money market. Not a checking account. Not a "high-yield" savings paying 0.6%. A money market that clears T-bills.
#savings