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Re: Turkey Red post# 21853

Wednesday, 01/29/2014 4:22:55 PM

Wednesday, January 29, 2014 4:22:55 PM

Post# of 34573
MG, if you go back and read my post again, its not the high percentage of one's portfolio that I was addressing as not being a good idea. It was the fact that some do not have the most basic thing; an emergency fund of cash or precious metals.
The emergency fund should be a minimum of 3 months of living expenses.
Such a fund should never be a part of a stock portfolio at all.

Stocks can become worthless, but precious metals never have.

Of course cash is king; just don't have too much cash because it goes down in value over time.

I got a bunch of 90% silver coins back in 1999. Had an emergency about 4 years later where I had to sell half of them.
The other half is now worth 4 times what I paid for them, and I have not touched them because I consider them to be my emergency fund.