The money that you
truly need access to at all times and that you really can't afford to put at any risk — say, a
cash reserve for emergencies and unexpected expenses,
cash to pay a year - to - two's worth of retirement expenses beyond what Social Security and any pensions would cover — would go into the most secure and most
liquid investments, by which I mean an FDIC - insured savings account or money - market account and / or a highly secure investments like a money - market fund.
And topping that, if you strip out net
cash & listed /
liquid equities, you're actually looking at an estimated /
truly astonishing 58 % NAV discount!?