<prompt> Human: I have accomplished a lot of my personal goals this year. I am 25, working as an engineer making 75k per year. I bought a house 16k down, with PMI of 45month, paid for my own wedding 23k, have 4 months emergency fund 12k saved up. Maxing out Roth IRA and matching 5 to get 7 from employer for 401k and no credit card debt. I have my 12k cash spread out right now with different financial institutions. Most of it is with Ally online savings which yields 1.2 annually. I hate seeing the money just sit there. This brings me to the question, Does it really need to be cash - or just something that is liquid enough to be able to access within a few days. Credit cards can hold me over for the first few days - getting minor benefits along the way cash back, miles, etc.. I never put on the credit card something I cannot afford. I know right now there are some doubts about the stock market and it being overvalued. I believe there will be a correction in the coming months. That being said, I believe the best place for it to be right now is in the Ally account, but I dont want to miss out on future potential earnings in the stock market with a money market account when the time is right. What are your thoughts on keeping emergency fund in stable - dividend driven stocks, or mutual funds rather than sitting cash? It is virtually as accessible only with a couple days of delays. I understand there is a potential for loss in the stock market, but not enough for me to discourage the potential earnings my money can make.  <response>: The function of the God Only Knows fund is to cover your ass when shit gets really bad. Its function is not to make you more money or to be used as leverage in stock gambling. Leave it in Ally and use other monies for investments. 