No. of Recommendations: 1
Why do you need a cash position? Most emergencies can be handled with a credit card. Then you have until the end of the billing cycle to decide where to come up with the needed cash. Perhaps you have stocks that can be sold at a profit? Or cash coming form other sources etc.

Paul-

To each his own, I think.

I feel much more comfortable having actual cash around instead of having to figure out where to get money from. It may be a slight drag on my overall returns, but it just "feels better" to me. I don't really like charging things on a credit card at all. I'd rather just pay for things.

D.
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