But, surely anyone with over, say, $10,000 in total savings/investments has at l... | Hacker News

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ryandrake on Oct 8, 2015 | parent | context | favorite | on: 62% of Americans Have Under $1,000 in Savings, Sur...

But, surely anyone with over, say, $10,000 in total savings/investments has at least $1,000 (10%) of it in some kind of cash account. Why on earth would one keep all of their assets in accounts that could lose value?

mod on Oct 8, 2015 | [–]

The point is that checking account != savings account.

ryandrake on Oct 8, 2015 | | [–]

Sorry, I meant "cash savings" account.

limelight on Oct 8, 2015 | [–]

Why?

I have over $100,000 in invested assets, spread across a diversified pool of ETFs. The only cash I have on hand is en route to my brokerage.

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