got ozil and courtois in 1 pack , not bad <| sep |> 31 points in the first quarter . Did I stumble upon a Big 12 game ? <| sep |> He ' s done that in the past , with irreversible I think . <| sep |> Very nice ! I thought it was odd that the didn ' t use that for Umi since that ' s also her color , but I heard they used an alternative one ? Like coral I think ? <| sep |> This is one of the reasons it ' s a good idea to hold 20 % or 30 % of your portfolio in bonds . If you have a financial emergency like you describe , then you can sell the bonds from your portfolio first , giving the equities time to recover . Also I think it ' s good to consider what holding lots of cash is actually costing you and how much it is actually going to help you . I ' m going to make up some numbers that may or may not be similar to yours . Say you have $ 50 K in taxable investments plus at $ 10 K EF . You have a fairly secure job that you are good at that pays $ 50 K annually . Your expenses are ~$ 2 Kmonth although in a bad situation you could cut them to ~$ 1 . 5 Kmonth at least until you ' re back on your feet . Let ' s say the economy tanks . First , you get a little scared because your company isn ' t doing well , so you cut back to $ 1 . 5 Kmonth expenses , no vacation , no dinners out , etc . You start to check around for other employment opportunities or side jobs . Then , after 4 months you lose your job . Your EF is now $ 12 K because you spent $ 500 month less for those 4 months . You have 8 months of cash on hand without getting drastic . Your taxable investments are now worth $ 38 K 30 % drop in equities , no drop in bonds , 8020 portfolio mix . Now you have 8 months in your EF and another 67 months of bonds in your portfolio if you decide to sell them . You can already live for 15 months even if you can ' t find ANY kind of job at all AND you don ' t change your living arrangements . Even if the market hasn ' t recovered in 15 months , you still have $ 28 K of investments you can sell to give you another ~ 20 months of living expenses suffering a $ 12 K loss on your portfolio . First , what are the chances of that happening ? Second , how bad really is a $ 12 K loss on your portfolio ? You probably save more than that in a year . Third , you would be going on 2 years with no job even before you actually sold your first equity . With $ 50 K of income , you probably save more than $ 12 Kyear . So you are looking at a loss of less than a year ' s savings even if this awful , unprecedented event happens . On the other hand , it is very likely that you will never lose your job and you will never need more than $ 5 K of emergency cash much less your whole EF . If you held an extra $ 20 K in your EF earning 0 % for simplicity , you would be foregoing the earnings on $ 20 K every year . So say you ' d be giving up $ 1 . 5 Kyear to protect against potentially losing $ 12 K in an awful , nearly unprecedented economic scenario . Sure , it ' s not the end of the world to lose that $ 1 . 5 Kyear , but it is REALLY expensive insurance IMO . I ' d much rather take the risk of losing a small portion of my investment portfolio .