AIE 136: Should You Invest Your Emergency Fund? with Nexus

<p>Today, Lauren interviewed the team from Nexus. Konstantin started investing 10 years ago. You get more from your money when you invest it vs let it sit in a bank account. He’s become fascinated by the numbers behind investing. When it comes to the culture around investing, many people think investing is inherently complicated. Index funds are not complicated and are a great place for new investors to start. You don’t have to day trade or read earnings calls. Should there be a foundation set before investing in index funds? Yes – some knowledge. Once you start learning, you realize it’s pretty risky not to invest. What else should you do before investing? Simple – you need to know what your short-, mid-, and long-term goals are. Another part of foundation setting, other than knowledge and goal setting, is your emergency fund. Chen-Chen answers how large they should be and if/where it should be invested. Lauren’s is in a High Yield Savings Account (HYSA). Emergency funds should be liquid. </p> <p>If you liked this episode, you may also like episode 56, simple financial advice with Jrod.</p> <p><strong>Sponsored by: </strong><a href="https://home.nexushq.com/" target="_blank" rel="noopener noreferer">https://home.nexushq.com/</a></p> <p><strong>About Konstantin Weitz:</strong></p> <p>Konstantin grew up in Germany, and met his wife during a high school exchange in Alaska. He received a PhD in Computer Science at the University of Washington. In his 4 years at Google, he saved enough to reach financial independence and work on one of his passions - changing the culture around investing and financial literacy. Konstantin is now the CEO, Investment Advisor Representative, and Chief Compliance Officer of Nexus. When he’s not changing the culture around investing, he’s spending time with his 4 kids, aged 5, 4, 3, and 10 months. </p> <p><strong>About Chen-Chen Hou:</strong></p> <p>Chen-Chen spent almost 30 years in the San Francisco Bay Area, graduating from UC Berkeley. He spent two years as a management consultant, an