Hmm so cash is better in a crash than gold? I assumed gold would be negatively correlated, but if it isn't then it's pointless. I know in 2008 property correlated like bonds do, but growth in those things can be tempting. Current accounts compete reasonably but my 5% ends soon

But it is a tempter that cash is better for opportunities, and it certainly would be quicker to buy equities with, it'd also help my next mortgage if I stop the card arbitage

My flexdirect 5% is coming to an end soon so I'll close it and wait till I can be a new customer again, or look for other accounts


Masonic - just hedge instead maybe? And not for overall market timing, just for emergencies

Robin - insurance instead perhaps? I can outperform it, or just work out how far JSA will take us, that's a kind of insurance already, my pay wouldn't be miles from it
Originally posted by MatthewAinsworth

Have you ever claimed on insurance? There is nothing quick about it.


I could spend all day thinking of reasons why you might need instant access to funds. None of them remotely likely but all of them possible.
Originally posted by shortcrust

Same here and I'd think equally unlikely. Then something happens and all remote possibilities coincide within a short period.

New clutch & DMF on 2 cars

New turbo on car

New boiler in 2 properties

Without some emergency cash funds I'd have been in deep trouble! Some could have been put on a card but that was about £7k of expenses to cover.

Long term 0% credit card is also a way to back up a smaller cash buffer.


How much should you hold in cash-cash, in case there is a run on banks or significant IT outage?? one weeks funds?? (Serious questions)
Originally posted by k6chris

I currently have £5 cash and coins totalling a few quid. If all banks were shut down I'd be screwed, one bank has an IT failure I use a different one - the benefit of having multiple current accounts

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