Offer your thoughts or opinion on the input financial query or topic using your financial background.

Is there an advantage to keeping a liquid emergency fund if one also has an untapped line of credit?
recommend keeping some amount of money in cash as an emergency fund I see two keywords, with two interpretations here. Cash: Emergency: 1 + 1 is rarely a problem. Even if it takes a couple of days to sell reliable investments. 1 + 2 is a rather large problem. You need to leave town, today, because the town won't be there tomorrow. You're out of gas, and the phones are not working. The guy minding the local service station with an AR-15 can't process your Amex Centurion card and would prefer actual cash. I live in an area prone to earthquakes and cyclonic storms. The last large one didn't knock out anything major, but the cash machines emptied out rather quickly. We keep a month's income in cash in the house, and I have a spare tank of gas in storage*. As others have said, there is no single answer for everyone. But do consider what you take for granted and what happens when it goes away.  *Change it every 2 months - common gasoline is not chemically stable