<prompt> Human: I have about 5k of my IRA invested in VBMFX bonds at Vanguard, and was looking at the performance and dividends of it, and it seems pretty stable, at least compared to stock funds. So that got my thinking about my e-fund of about 10k thats at Ally earning 1 interest, which comes out to approximately 8 bucks a month.Looking at VBMFX, its 10.69 a share, and every month it pays out around 2 cents a share in dividends. Doing the math, I could buy about 935 shares, and get around 18 a month in dividends, plus the value of the investment will increase over time.Is there any reason I shouldnt open up a taxable investment account at Vanguard and invest my e-fund in bonds?  <response>: 1 While relatively safe it could lose value2 Time and tax implications. If you need the money immediately, thats not going to happen with it invested. Youll need to sell shares, wait for it to be available for withdrawal then either wait a few days for an ACH transfer to your regular bank account or do a wire transfer. Then youll have to deal with the tax reporting at the end of the year.I wont call it a bad idea, but a high yield savings account is far easier to access in an emergency. 