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Rmann@Epi
1J
War chest already emptied? What will happen in the event of a real crash?
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Tim@mitinvest
1J
@Epi In the event of a real crash, the emergency fund comes into play 😉
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Rmann@Epi
1J
@mitinvest Oh my! War chest, emergency fund... and what happens if the washing machine breaks down? Cash reserve? 🤔 😬
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Tim@mitinvest
1J
@Epi Not my problem, the landlord has to take care of them 🤣
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Rmann@Epi
1J
@mitinvest So if you have nothing else after the war chest and emergency fund, things can get bad quickly. 🤷
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CoinEsel@DonkeyInvestor
1J
@Epi Why should he have a lot of cash? You lose more money waiting for the crash than in the crash. And if he's fully invested and the washing machine is broken, my goodness, he'll just have to sell something 🤷
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Solitair@Solitair
1J
@mitinvest Have you rented a washing machine?
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Tim@mitinvest
1J
@Solitair Communal laundry room in the apartment building... In Switzerland, the infrastructure is part of the apartment, not like in Germany.
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Rmann@Epi
1J
@DonkeyInvestor Doesn't this logic also apply to the war chest and the emergency fund?
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CoinEsel@DonkeyInvestor
1J
@Epi yes, of course
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Rmann@Epi
1J
@DonkeyInvestor Oh, but then the war chest and the emergency fund are always identical to the total value of the custody account. Because if necessary, you can always sell some or all of it. 🤷
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