adamu wrote: ↑Fri Aug 20, 2021 8:36 am
It's worth remembering that when the market is down it's usually for a reason and you're likely to see your finances and possibly income and job prospects affected at the same time. So ignoring shrinking savings is no small feat, and is the reason why having a hefty cash buffer is worth it.
That's a responsible approach. I have heard others recommend that you always have 6months worth of living costs on hand, which would be around 1mil or so.