This piece from today's Wall Street Journal addresses where you should stash your emergency funds. Financial experts recommend that you keep three to six months worth of savings on hand in case of a catastrophic event. One new study suggests that you may be better off investing this money, as opposed to holding it as cash. The article, which you can read here, looks at the pros and cons of using emergency funds in this manner. Thanks to Orlie Kraus and Sheryl Dermawan for another fun assignment (which I was very bullish on).
I always try to supply the Wall Street Journal editors with a variety of solutions....
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