Yeah, my understanding is there is debateabout whether the loss in EV from having an emergency fund in low yield low risk assets is offset by the benefits of reduced risk. The answer will depend on personal risk tolerance, current net worth, expected career volatility, etc. The main point of my comment was just that a lot of people use default low yield savings accounts even though there’s no reason to do that at all.
Yeah, my understanding is there is debate about whether the loss in EV from having an emergency fund in low yield low risk assets is offset by the benefits of reduced risk. The answer will depend on personal risk tolerance, current net worth, expected career volatility, etc. The main point of my comment was just that a lot of people use default low yield savings accounts even though there’s no reason to do that at all.
Definitely agreed on that point!