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Strategies & Market Trends : Gorilla and King Portfolio candidates - Moderated
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To: J F Allen who wrote (587)1/5/2004 8:11:51 AM
From: Apollo  Read Replies (2) of 2955
 
Thank you JF, for your kind comments.

Wow. 5 years living expenses pure cash. That's a lot.

We've historically kept about 6 months living expenses in emergency cash. We recently received advice suggesting that we not keep so much cash, but instead take out a Home Equity Line of Credit, which runs about 3% interest, and use that as an emergency fund should it be necessary.

Have you tried this? If so, what do you see as the pros and cons?

Thanx for the input.
Apollo
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