dmc1964 Wrote:
Dec 11, 2012 9:55 AM
Dave has often said emergency funds are not for investment they are for emergencies only. These funds are needed so you don't use a credit card (or other debt) to pay medical bills or for a new furnace or whatever. Since emergencies are unpredictable the fund needs to be liquid, which means it doesn't make money. If you are saving for something 5 or more years away, then use a good mutual fund.