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The numbers you gave are a bit hard to put into perspective without knowing your expenses. For example, how many months' expenses is that $16K? If it's 3 months' expenses, that's good. If it's 6 months' expenses, it's great. If it's more than that, you might want to invest the amount above six months' worth.

I was thinking about this very topic. I believe in six months worth of money, but between short and mid term savings, I am too much in cash and not enough in stocks. I'm trying to balance this out but there are legitimate reasons for the items in my budget. Its just that when I am done meeting the legitimate reasons, I've little more left over for stocks. (I'm investing 10.3% of my gross income along with 13% in the 401k(includes company match)). I am investing 23.57% of my gross income, but have double that in cash- mostly because I am saving for the next house.

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