A few days ago I asked “is now the right time to buy?” Well, Warren Buffett says yes!
Recently I managed to reach the 12-month mark in my Freedom Fund (aka emergency fund). Given the current economic environment, I don’t feel comfortable reducing my cash holdings. I am, however, debating how to allocate my FUTURE allocations.
I can keep saving in Freedom Fund, split savings into 1/2 to Freedom Fund, 1/2 to taxable U.S. equity fund (this fund will serve as a long-term, non-retirement, savings fund. The time horizon will be at least 8-10 years – I imagine it will serve as a “down payment” fund because despite all the upheaval in real estate right now, I STILL want to be a homeowner, and maybe eventually an owner of a small apartment complex), or split savings into 1/2 to Freedom Fund, 1/2 to 529 Plan (that will be holding primarily cash, because I expect to go back to graduate school within 5 years).
Much to think about…
This weekend CB and I went out of town for a wedding. Once again, when I think I’m too preoccupied with personal finance, something – a squeeze of the hands at church, a family gathering at brunch, a nap in the car while we cruise down the interstate – reminds me that at the end of the day, money is just a means to an end.
But then again, love is not all, it is not meat nor drink… and it certainly won’t fund my retirement. So, keep on saving, I shall.
You May Also Want To Read :
Truthfully, I've always thought the phrase "Freedom Fund" sounded, well, hokey. I mean, really. ...
Recently I've decided to tweak my retirement/emergency fund savings a little - I'll still be sav ...
Roth IRA I remembered that I have around $300 stashed in some ING accounts... I've tried the se ...
{ 2 comments… read them below or add one }
“…a nap in the car while we cruise down the interstate – reminds me that at the end of the day, money is just a means to an end.”
I read your blog on and off and I’ve never commented but I really like that, so I thought I’d let you know.
Hey!
Do you know something I don’t about Warren Buffett?
I’m working with a bunch of cool people at gemzies.com to build sites about interesting topics and people.
We just posted a site about Warren Buffett check it out at http://warren-buffett.gemzies.com/
I need your help to make it better! Come add more links, pics, videos, news, and books.
We need smart well informed people to add their own resources and topics. Please join us in creating a great community resource at Gemzies.
Free and easy. Gemzies is like a more resource oriented version of Wikipedia.
Thanks guys and gals!
-Dan