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<<I appreciate the advice, which is pretty much the straight party line, of course.

A question for you: Just how does one "insulate" against "unforunate but expected occurrences"? I know of nothing that is "safe" except maybe CD's at the bank or sticking my money under a mattress or in a safe deposit box.

The straight party line is the idea of maintaining a five year CD ladder to protect yourself from being forced to sell stocks at the bottom of a bear market.

That's a pretty reasonable recomendation, although I wonder whether five years is really long enough. The more cash you have outside of stocks and such the more risk you run falling behind inflation and such.

It's a balance. You need to decide what you figure is reasonable.

Seattle Pioneer
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