tag:blogger.com,1999:blog-23550078.post114658278394982727..comments2023-09-29T08:04:32.799-05:00Comments on makingourway: May networth updatemakingourwayhttp://www.blogger.com/profile/13748811641577990850noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-23550078.post-1146889745790283962006-05-05T23:29:00.000-05:002006-05-05T23:29:00.000-05:00franky,I keep a large cash reserve for several rea...franky,<BR/><BR/>I keep a large cash reserve for several reasons:<BR/><BR/>1. psychological comfort<BR/>2. my income is exceedingly variable it can go from solid six figures down to zero very quickly<BR/>3. my wife also has a high but highly volatile income<BR/>4. we support other family memmbers<BR/>5. we live in a fairly rural area and if we needed to change jobs would have significant relocation expenses ($20k - $30k) on top of living expenses<BR/>6. our living expenses are fairly high, I'm estimating about $9500 per month, however, I'm going to research it and post a more precise number<BR/>7. our job positions are senior and may take 5-12 months to replace if lost, hence the need for about a year's worth of cash emergency money<BR/><BR/>franky,I hope this makes sense, if not, please let me know.<BR/><BR/>regards,<BR/>makingourwaymakingourwayhttps://www.blogger.com/profile/13748811641577990850noreply@blogger.comtag:blogger.com,1999:blog-23550078.post-1146843533442310472006-05-05T10:38:00.000-05:002006-05-05T10:38:00.000-05:00Any reason you have so much cash? Is/Was it in an...Any reason you have so much cash? Is/Was it in anticipatition of the new home purchase?Frankhttps://www.blogger.com/profile/08582589283163501277noreply@blogger.comtag:blogger.com,1999:blog-23550078.post-1146778219053561702006-05-04T16:30:00.000-05:002006-05-04T16:30:00.000-05:00apollo,thanks for endorsing the decision. my thin...apollo,<BR/><BR/>thanks for endorsing the decision. my thinking is that the mutual funds wrapped into the variable policies are blanketing with extra administrative charges -- i bet i'm paying > 2% for the mutual fund fees, whereas a good ETF can be less than 3%.<BR/><BR/>regards,<BR/><BR/>makingourwaymakingourwayhttps://www.blogger.com/profile/13748811641577990850noreply@blogger.comtag:blogger.com,1999:blog-23550078.post-1146617086431987202006-05-02T19:44:00.000-05:002006-05-02T19:44:00.000-05:00Cashing out your life policies now is probably the...Cashing out your life policies now is probably the better of two evils. If they don't hit you now, they will hit you later. Either way you take a hit. Better to take the hit now and reinvest to proceeds then wait, have no proceeds to invest, and then get hit later. I agree with you they are bandits. <BR/><BR/>Good luck on your investing.Dudehttps://www.blogger.com/profile/01591445925128444408noreply@blogger.com