Recently I’ve been getting articles about the next looming recession. Having seen so many articles pop up on my newsfeed bothers me on an uncomfortable level. I’ve been having some sleepless nights thinking about what’s to come and then feeling quite uncomfortable with the money put in a brokerage account (5 digits). With that said I decided to pull out and put into savings 60% of what was in there.
I’m sorry but I’m not prepared to see half of my hard earned money gone. That money is all of my bonus money I’ve earned these past 3 years, and I would be devastated to see a chuck of it gone. I’m still new to investing, and I did just get out of debt. So I’m thinking to hoard a bunch of cash for a sizable emergency fund in case future job loss occurs.