Re: So how much cash to hold?
[Re: Providence Farm]
#8167402
07/06/24 11:29 PM
07/06/24 11:29 PM
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Joined: May 2010
Posts: 10,855 MN
Steven 49er
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trapper
Joined: May 2010
Posts: 10,855
MN
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We are Americans. We'll pick it back up.
"Gold is money, everything else is just credit" JP Morgan
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Re: So how much cash to hold?
[Re: Providence Farm]
#8167426
07/07/24 01:05 AM
07/07/24 01:05 AM
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Joined: May 2011
Posts: 18,076 Oakland, MS
yotetrapper30
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trapper
Joined: May 2011
Posts: 18,076
Oakland, MS
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I don't think it's an either/or as far as brass, lead, gold and silver goes. I think it'd be smart to have some of all of that. Diversification. I tend to agree with the person that said you might not can buy much brass or lead with your precious metals or it might be too late to. But, the people that have the things you DO need, probably already have some brass and lead stored up as well. If you or a family member has a bad infection and needs some antibiotics, and the only person you find that has some doesn't need/want whatever ammo or components you have, they might be willing to trade you some for silver. Why limit your options? Keep as least some of both.
Just give me one thing, that I can hold on to. To believe in this livin' is just a hard way to go.
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Re: So how much cash to hold?
[Re: NorthernTrapperO]
#8167451
07/07/24 06:58 AM
07/07/24 06:58 AM
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Joined: Jun 2022
Posts: 2,613 Manitoba
Shakeyjake
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trapper
Joined: Jun 2022
Posts: 2,613
Manitoba
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What does investing do??? And if it's worth it how do I do it? Wait until the world settles down a bit, might be a while. Then dump at least 500k and all your coon money (put it up yourself to make more money) in the defence companies, Raytheon, General Dynamics, BASF, Ect. Then sit and wait until the next war. But I’m not a financial advisor and can only retire in ten years because of a good government pension and some wise moves by the wife…..lol As for hard cash on hand, I’ve got about $300 on me now that’ll be spent tomorrow as I’m going to the FHA warehouse and swinging by Mel Stockings place tomorrow, and about $2000USD for our trip south in a couple weeks……not much really.
Last edited by Shakeyjake; 07/07/24 07:00 AM.
Wind Blew, crap flew, out came the line crew
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Re: So how much cash to hold?
[Re: Wanna Be]
#8167482
07/07/24 08:02 AM
07/07/24 08:02 AM
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Joined: Jan 2008
Posts: 3,105 USA MN
Snowpa
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trapper
Joined: Jan 2008
Posts: 3,105
USA MN
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Banks shut down and the stock market crashes. No ATM’s have money. Now how much cash do you think you need? Cash will be worthless also
Never Confuse Stupid With Crazy
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Re: So how much cash to hold?
[Re: Wanna Be]
#8167486
07/07/24 08:06 AM
07/07/24 08:06 AM
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Joined: Mar 2023
Posts: 2,446 WI
WI Outdoors
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trapper
Joined: Mar 2023
Posts: 2,446
WI
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Banks shut down and the stock market crashes. No ATM’s have money. Now how much cash do you think you need? I don't see that happening. It's possible, but very very slim chance.
Get me a beer please.
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Re: So how much cash to hold?
[Re: SJA]
#8167490
07/07/24 08:10 AM
07/07/24 08:10 AM
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Joined: Mar 2023
Posts: 2,446 WI
WI Outdoors
trapper
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trapper
Joined: Mar 2023
Posts: 2,446
WI
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Have "cash" available . . . but GOLD & SILVER readily on hand. :-) I think pm's is not a good investment. I toiled for a long time about it and opted out.
Get me a beer please.
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Re: So how much cash to hold?
[Re: Providence Farm]
#8167495
07/07/24 08:14 AM
07/07/24 08:14 AM
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Joined: Mar 2023
Posts: 2,446 WI
WI Outdoors
trapper
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trapper
Joined: Mar 2023
Posts: 2,446
WI
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All the investing talk got me thinking and I question if I'm holding to much cash. It's piece of mind yet gets inflated away. But at the same time having it liquid allows the ability to jump in on good deals especially if the economy crashes. But there could be to much.
What's enough. Emergency fund with 3, 6, 9, months or a years worth of expenses? Other cash held for investment opportunities? My Goal has been a years worth of expenses, but I just started thinking I don't need it all in a cash fund just the ability to turn it into cash if needed fairly easy so maybe just 2 to 3 months in an instant available cash account may be smarter?
With markets a highs it may be wise to wait for a drop if I holding to much in cash. But yes still dollar cost averaging weekly as well.
Often I allow indecision to stop me.from making moves that would more times than not been profitable mostly due to not wanting to see savings levels reduce. To combat that I spend another bank account just to be used for investing in hopes since that's what it's there for I will jump on opportunities when they come up. Have not had it long enough or funded enough to see how that works out . Anyone else do small things to trick themselves. Realistically there is zero difference if the money goes into and out of one account or is broken up between multiple but it seems to work for me so far.
Just rambling though while waiting on things to get moving at work. I like cds. With inflation, cash always loses. In an emergency, you can liquidate your cd. You pay a penalty, but I think it only taps into the interest you made and not your deposit.
Get me a beer please.
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Re: So how much cash to hold?
[Re: Providence Farm]
#8167500
07/07/24 08:20 AM
07/07/24 08:20 AM
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Joined: Sep 2023
Posts: 548 MO
Crappiekiller
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Joined: Sep 2023
Posts: 548
MO
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No offense intended but on the internet is the last place I would be advertising how much cash or gold and silver I keep on hand.
CK
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Re: So how much cash to hold?
[Re: Providence Farm]
#8167517
07/07/24 08:39 AM
07/07/24 08:39 AM
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Joined: Jan 2014
Posts: 21,653 North East Kansas
Marty
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trapper
Joined: Jan 2014
Posts: 21,653
North East Kansas
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I will find a good spot to hide out while the rest of ya'll kill one another...yes, cash, gold and silver is good to have on hand.
Rise and Rise Again Until Lambs Become Lions
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Re: So how much cash to hold?
[Re: Swamp Wolf]
#8167535
07/07/24 09:35 AM
07/07/24 09:35 AM
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Joined: Oct 2011
Posts: 3,006 Western Shore Delaware
SJA
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trapper
Joined: Oct 2011
Posts: 3,006
Western Shore Delaware
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SJA, If things go your way....maybe.
But, if things go bad enough that you need to buy ammo with your gold and silver...it'll be too late for you and your's.
I'm gonna use my brass and lead to obtain what I need. I'm going out The Lone Ranger and Scaramanga way . . . HA!! :-))))
"Humans are the hardest people to get along with." Dr. Phillip Snow
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Re: So how much cash to hold?
[Re: Providence Farm]
#8167543
07/07/24 09:55 AM
07/07/24 09:55 AM
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Joined: Feb 2014
Posts: 13,987 Ky
jbyrd63
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trapper
Joined: Feb 2014
Posts: 13,987
Ky
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All the investing talk got me thinking and I question if I'm holding to much cash. It's piece of mind yet gets inflated away. But at the same time having it liquid allows the ability to jump in on good deals especially if the economy crashes. But there could be to much.
What's enough. Emergency fund with 3, 6, 9, months or a years worth of expenses? Other cash held for investment opportunities? My Goal has been a years worth of expenses, but I just started thinking I don't need it all in a cash fund just the ability to turn it into cash if needed fairly easy so maybe just 2 to 3 months in an instant available cash account may be smarter?
With markets a highs it may be wise to wait for a drop if I holding to much in cash. But yes still dollar cost averaging weekly as well.
Often I allow indecision to stop me.from making moves that would more times than not been profitable mostly due to not wanting to see savings levels reduce. To combat that I spend another bank account just to be used for investing in hopes since that's what it's there for I will jump on opportunities when they come up. Have not had it long enough or funded enough to see how that works out . Anyone else do small things to trick themselves. Realistically there is zero difference if the money goes into and out of one account or is broken up between multiple but it seems to work for me so far.
Just rambling though while waiting on things to get moving at work. Providence you seem to know something about money and especially about hard work. But i'm scratching my head that you are paying interest on ANY loan other than a business loan. If you are hoarding cash buying selling trades but WASTING money on interest . PLUS not only the interest but spending the principal as well. BUT I think differently after being debt free. I SEE how fast money accumulates when payments stop going out each month. Paid off the house and both vehicles in the same year. Simple math in our case that's 24,000 per year not leaving each month.... Middle of year seven no payment. You do the math....
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Re: So how much cash to hold?
[Re: Providence Farm]
#8167554
07/07/24 10:13 AM
07/07/24 10:13 AM
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Joined: Feb 2014
Posts: 13,987 Ky
jbyrd63
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trapper
Joined: Feb 2014
Posts: 13,987
Ky
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Well only thing I can say about cash to prove TONS of Edward jones wannabe's on here wrong is this. You say cash is stupid because it's not making anything investment wise. "won't keep up with inflation" BLAH BLAH.
Let me share how my "cash" has showed a dividend. New septic lines 2021 Guy priced it at 4000 TOOK 3,000 CASH (net dividend ) 25% over 15 minutes it took me to get it New roof 2023 17,000 .Roofer took 16,000 (net dividend 1,000) took me 20 minutes to move furniture to get to that safe. Oh yes might add . Put the insurance check in a CD at 5.13 % Matures end of July... Last Monday had to tear down part of stone on front of house because builder failed to use brick ties. Mason wanted 2000 took 1500 cash ( 25% dividend) took 4 minutes to get that So stop trying to put dividend values on cash you have comparing to "invest invest" with the narrative cash alone can't "make" money.....
Last edited by jbyrd63; 07/07/24 10:19 AM.
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Re: So how much cash to hold?
[Re: Providence Farm]
#8167559
07/07/24 10:24 AM
07/07/24 10:24 AM
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Joined: Mar 2023
Posts: 2,446 WI
WI Outdoors
trapper
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trapper
Joined: Mar 2023
Posts: 2,446
WI
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Jbyrd. I get what you're saying, but did you make money, or not spend as much?
Get me a beer please.
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Re: So how much cash to hold?
[Re: Providence Farm]
#8167562
07/07/24 10:30 AM
07/07/24 10:30 AM
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Joined: Dec 2017
Posts: 6,574 Kansas
Pawnee
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trapper
Joined: Dec 2017
Posts: 6,574
Kansas
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1-3 months if you can. Have a couple hundred with you at all times.
Everything the left touches it destroys
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