text:  It should be liquid. Yeah, it should be liquid. It should be in a high-yield savings account, not utility stock. I would never tell somebody that called up and said, I have $15,000 to put in my emergency fund. I want to put it into a utility stock. I would always say no. Now, why? Why? Because let me tell you, the weirdest thing happens in life. At the exact time you have an emergency is the exact time the utility company had one. And their stock price dives.