No Profanity *** No Flaming *** No Advertising *** No Anti Trappers ***NO POLITICS
No Non-Target Catches *** No Links to Anti-trapping Sites *** No Avoiding Profanity Filter


Home~Trap Talk~ADC Forum~Trap Shed~Wilderness Trapping~International Trappers~Fur Handling

Auction Forum~Trapper Tips~Links~Gallery~Basic Sets~Convention Calendar~Chat~ Trap Collecting Forum

Trapper's Humor~Strictly Trapping~Fur Buyers Directory~Mugshots~Fur Sale Directory~Wildcrafting~The Pen and Quill

Trapper's Tales~Words From The Past~Legends~Archives~Kids Forum~Lure Formulators Forum~ Fermenter's Forum


~~~ Dobbins' Products Catalog ~~~


Minnesota Trapline Products
Please support our sponsor for the Trappers Talk Page - Minnesota Trapline Products


Print Thread
Hop To
Page 1 of 6 1 2 3 4 5 6
So how much cash to hold? #8167333
07/06/24 09:47 PM
07/06/24 09:47 PM
Joined: Feb 2020
Posts: 10,682
Indiana
P
Providence Farm Offline OP
trapper
Providence Farm  Offline OP
trapper
P

Joined: Feb 2020
Posts: 10,682
Indiana
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.

Last edited by Providence Farm; 07/06/24 09:48 PM.
Re: So how much cash to hold? [Re: Providence Farm] #8167334
07/06/24 09:48 PM
07/06/24 09:48 PM
Joined: May 2024
Posts: 1,475
Huntingdon, PA
NorthernTrapperO Offline
trapper
NorthernTrapperO  Offline
trapper

Joined: May 2024
Posts: 1,475
Huntingdon, PA
What does investing do??? And if it's worth it how do I do it?


"Tell me and I forget, Teach me and I remember, involve me and I learn"
-Ben Franklin
Re: So how much cash to hold? [Re: Providence Farm] #8167337
07/06/24 09:50 PM
07/06/24 09:50 PM
Joined: May 2018
Posts: 12,744
SW Georgia
W
Wanna Be Offline
trapper
Wanna Be  Offline
trapper
W

Joined: May 2018
Posts: 12,744
SW Georgia
Banks shut down and the stock market crashes. No ATM’s have money.
Now how much cash do you think you need?

Re: So how much cash to hold? [Re: Providence Farm] #8167338
07/06/24 09:53 PM
07/06/24 09:53 PM
Joined: May 2010
Posts: 10,855
MN
S
Steven 49er Offline
trapper
Steven 49er  Offline
trapper
S

Joined: May 2010
Posts: 10,855
MN
Cash in the bank or cash on hand?

I suppose it depends on one's lifestyle.

Are you the type to buy and sell? Buy when something you want but not need is a good deal?


"Gold is money, everything else is just credit" JP Morgan
Re: So how much cash to hold? [Re: Wanna Be] #8167341
07/06/24 09:55 PM
07/06/24 09:55 PM
Joined: Feb 2020
Posts: 10,682
Indiana
P
Providence Farm Offline OP
trapper
Providence Farm  Offline OP
trapper
P

Joined: Feb 2020
Posts: 10,682
Indiana
Originally Posted by Wanna Be
Banks shut down and the stock market crashes. No ATM’s have money.
Now how much cash do you think you need?


In this case I think the green steel cans full of brass, lead and copper will be more valuable than cash and silver I have put back. Currently on Hand 3 months cash, but in this situation it would go much further because probably no bills will hit the mail box either.

Kind of where debt free, big gardens, and knowing how to preserve the harvest truly shines though.

Re: So how much cash to hold? [Re: Wanna Be] #8167344
07/06/24 09:58 PM
07/06/24 09:58 PM
Joined: May 2009
Posts: 17,543
Champaign County, Ohio.
K
KeithC Offline
trapper
KeithC  Offline
trapper
K

Joined: May 2009
Posts: 17,543
Champaign County, Ohio.
Originally Posted by Wanna Be
Banks shut down and the stock market crashes. No ATM’s have money.
Now how much cash do you think you need?


If that happens cash will likely be valueless.

I don't thinks there's any good reasons to have a large amount of cash stashed. A large amount stashed, for a family of 5, would be anything over $12,000.00 to $15,000.00.

Keith

Re: So how much cash to hold? [Re: Providence Farm] #8167347
07/06/24 10:00 PM
07/06/24 10:00 PM
Joined: May 2018
Posts: 12,744
SW Georgia
W
Wanna Be Offline
trapper
Wanna Be  Offline
trapper
W

Joined: May 2018
Posts: 12,744
SW Georgia
Thought you asked about cash. All the other is an entirely different subject that most of us have already. Well, except silver. Don’t know anyone that’s gonna say oh cool he’s got silver. My brass can get me most anything I need. Cash money will get me the rest.

Re: So how much cash to hold? [Re: KeithC] #8167348
07/06/24 10:02 PM
07/06/24 10:02 PM
Joined: May 2010
Posts: 10,855
MN
S
Steven 49er Offline
trapper
Steven 49er  Offline
trapper
S

Joined: May 2010
Posts: 10,855
MN
Originally Posted by KeithC
Originally Posted by Wanna Be
Banks shut down and the stock market crashes. No ATM’s have money.
Now how much cash do you think you need?


If that happens cash will likely be valueless.

I don't thinks there's any good reasons to have a large amount of cash stashed. A large amount stashed, for a family of 5, would be anything over $12,000.00 to $15,000.00.

Keith


That won't buy much now days.


"Gold is money, everything else is just credit" JP Morgan
Re: So how much cash to hold? [Re: Providence Farm] #8167357
07/06/24 10:14 PM
07/06/24 10:14 PM
Joined: Oct 2011
Posts: 3,006
Western Shore Delaware
SJA Offline
trapper
SJA  Offline
trapper

Joined: Oct 2011
Posts: 3,006
Western Shore Delaware
Have "cash" available . . . but GOLD & SILVER readily on hand. :-)


"Humans are the hardest people to get along with."
Dr. Phillip Snow
Re: So how much cash to hold? [Re: SJA] #8167364
07/06/24 10:27 PM
07/06/24 10:27 PM
Joined: Apr 2009
Posts: 14,093
South Ga - Almost Florida
S
Swamp Wolf Offline
trapper
Swamp Wolf  Offline
trapper
S

Joined: Apr 2009
Posts: 14,093
South Ga - Almost Florida
Originally Posted by SJA
Have "cash" available . . . but GOLD & SILVER readily on hand. :-)

What are you gonna do with gold and silver?

Brass and lead will be much better to have on hand.


Thank God For Your Blessings!
Never Half-Arse Anything!

Resource Protection Service

Re: So how much cash to hold? [Re: Providence Farm] #8167366
07/06/24 10:29 PM
07/06/24 10:29 PM
Joined: Dec 2011
Posts: 11,175
MT
S
snowy Offline
trapper
snowy  Offline
trapper
S

Joined: Dec 2011
Posts: 11,175
MT
A couple of years of expenses plus incidental expenses in liquid moneys. The one thing you don't want to do sell stock if things go south. I have 2 to 3 years of expenses in liquid funds where no penalties or have to sell and will be able to weather a storm in a downturn.

History has always come back in ~1.5 years at one of the longest recovery times after a bear market.


Give me a fish, I will eat for a day. Teach me to fish, I will eat for a lifetime
Re: So how much cash to hold? [Re: Swamp Wolf] #8167375
07/06/24 10:47 PM
07/06/24 10:47 PM
Joined: Oct 2011
Posts: 3,006
Western Shore Delaware
SJA Offline
trapper
SJA  Offline
trapper

Joined: Oct 2011
Posts: 3,006
Western Shore Delaware
Originally Posted by Swamp Wolf
Originally Posted by SJA
Have "cash" available . . . but GOLD & SILVER readily on hand. :-)

What are you gonna do with gold and silver?

Brass and lead will be much better to have on hand.


HUH???. My G & S will buy more B & L than you will buy G & S . . . DUH!


"Humans are the hardest people to get along with."
Dr. Phillip Snow
Re: So how much cash to hold? [Re: Providence Farm] #8167378
07/06/24 10:56 PM
07/06/24 10:56 PM
Joined: Dec 2011
Posts: 11,175
MT
S
snowy Offline
trapper
snowy  Offline
trapper
S

Joined: Dec 2011
Posts: 11,175
MT
Is your G&S an investment and part of your portfolio. SJA? Or do you sell G&S and buy and hold?


Give me a fish, I will eat for a day. Teach me to fish, I will eat for a lifetime
Re: So how much cash to hold? [Re: Providence Farm] #8167379
07/06/24 10:57 PM
07/06/24 10:57 PM
Joined: Apr 2009
Posts: 14,093
South Ga - Almost Florida
S
Swamp Wolf Offline
trapper
Swamp Wolf  Offline
trapper
S

Joined: Apr 2009
Posts: 14,093
South Ga - Almost Florida
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.


Thank God For Your Blessings!
Never Half-Arse Anything!

Resource Protection Service

Re: So how much cash to hold? [Re: Providence Farm] #8167382
07/06/24 11:01 PM
07/06/24 11:01 PM
Joined: Jul 2022
Posts: 1,404
Va
S
Spike369 Offline
trapper
Spike369  Offline
trapper
S

Joined: Jul 2022
Posts: 1,404
Va
You don't need a whole lot of brass n lead. Realisticly if you ever get into a firefight with the authorities you might get off a 100 rounds, not likely but it's possible. Gold and silver on the other hand will allow you to trade for stuff, like food. And don't tell me you'll grow all your own food. Not gonna happen. Garden's will be all torn up and destroyed.

Re: So how much cash to hold? [Re: Providence Farm] #8167385
07/06/24 11:04 PM
07/06/24 11:04 PM
Joined: May 2010
Posts: 10,855
MN
S
Steven 49er Offline
trapper
Steven 49er  Offline
trapper
S

Joined: May 2010
Posts: 10,855
MN


Gold and silver have been a medium of exchange for thousands of years and will be for thousands more.



"Gold is money, everything else is just credit" JP Morgan
Re: So how much cash to hold? [Re: Steven 49er] #8167388
07/06/24 11:09 PM
07/06/24 11:09 PM
Joined: Dec 2006
Posts: 11,877
East-Central Wisconsin
B
bblwi Offline
trapper
bblwi  Offline
trapper
B

Joined: Dec 2006
Posts: 11,877
East-Central Wisconsin
Liquidity can come in many forms.

Bryce

Re: So how much cash to hold? [Re: Providence Farm] #8167390
07/06/24 11:12 PM
07/06/24 11:12 PM
Joined: Nov 2007
Posts: 10,121
St. Cloud, MN
trapperkeck Offline
trapper
trapperkeck  Offline
trapper

Joined: Nov 2007
Posts: 10,121
St. Cloud, MN
Currently, I have 10 years of ammo and 1 year of cash on hand. I have no worries. Oh, and if the world doesn't end, I have 35+ years of investment income, just in case. LOL


"The voice of reason!"
Re: So how much cash to hold? [Re: Providence Farm] #8167395
07/06/24 11:23 PM
07/06/24 11:23 PM
Joined: Dec 2008
Posts: 29,997
Eastern Shore of Maryland
HobbieTrapper Offline
"Chippendale Trapper"
HobbieTrapper  Offline
"Chippendale Trapper"

Joined: Dec 2008
Posts: 29,997
Eastern Shore of Maryland
10k.


-Goofy-
Re: So how much cash to hold? [Re: Providence Farm] #8167400
07/06/24 11:28 PM
07/06/24 11:28 PM
Joined: Aug 2010
Posts: 11,126
Asheville, NC
C
charles Offline
trapper
charles  Offline
trapper
C

Joined: Aug 2010
Posts: 11,126
Asheville, NC
Suppose the sky falls. What then?

Page 1 of 6 1 2 3 4 5 6
Previous Thread
Index
Next Thread