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Dry Powder: Where to Park Your Cash
Many Happy Returns
Why You Shouldn't Have an Emergency Fund
For cash, you get about 0.4% real per year in the US and that's going back to 1900. And in the UK, you'd have got 0.9%. So it's not a great yield, but that doesn't mean we shouldn't hold some. The key thing with an emergency fund is that it's liquid. You can get to it within the day if you need it.
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