The Importance of Having an Emergency Fund

With the exception of market risk, the maintaining an emergency fund is very important for non wealthy people. If you have significant tax liability and if you want to keep owning them, I don't see why you should sell good investments just to make a house down payment when you can pretty quickly save up again your $20,000 emergency fund after you buy the house. We'll go on to Mike in Washington. How can I serve you today?