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|Subject: emergency fund||Date: 11/3/2003 9:05 AM|
|Author: bheindl||Number: 8779 of 35345|
It's my first time on this board, so please bear with me. (Bonds also still confuse me, so I hope not to sound too unintelligent here.)
I'm looking for someplace to keep my emergency fund -- the fund with three to six months' of living expenses stashed away in case of unemployment, catastrophy, etc. (Not a place to save for a car or anything like that. Hopefully I'll never have to access these funds.)
Anyway, I'm not looking for stellar returns as this isn't something I want to expose to too much risk. My initial thought was a short-term bond fund (from Vanguard). It seemed relatively stable for long-term holding and, as a bonus, would help balance out a heavily-weighted equity portfolio. Then I came across the Vanguard Inflation-Protected Securities Fund and I'm intrigued.
Anyone offer any thoughts on the pros and cons of this Fund as a place to stash emergency funds for, hopefully, the long term?
Thanks in advance for any and all comments.
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