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The Intrinsic Value Podcast - The Investor’s Podcast Network

MI Rewind: Why and How You SHOULD Invest Your Emergency Fund w/ Chris Kawaja

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Investing, Business

4.6592 Ratings

🗓️ 9 February 2024

⏱️ 48 minutes

🧾️ Download transcript

Summary

On today’s Millennial Investing Rewind Episode, Robert Leonards chats with Chris Kawaja to learn about why and how he believes you should be investing your emergency fund, using The Ultimate Liquidity Portfolio strategy. Chris is a Stanford and Harvard graduate who worked at Goldman Sachs and Bridgewater Associates, which some may recognize as this super investor, and one of my favorite investors, Ray Dalio’s firm. Chris is also a successful entrepreneur, author, and real estate investor. IN THIS EPISODE, YOU’LL LEARN 00:00 - Intro 03:39 - How money in a high-yield savings account, like an emergency fund, actually lose money over time. 06:45 - Three major finance trends that have altered the investing landscape. 09:22 - What is "The Ultimate Liquidity Portfolio” strategy?  09:22 - How has this strategy performed in the last financial crisis? 20:51 - Is it really necessary to have a mix of stocks and bonds in your portfolio to create wealth? 40:53 - What are the "jobs" money has in one's life? And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Recommended Book: How To Stash That Cash by Chris Kawaja. Recommended Book: Broke Millennial by Erin Lowry. Recommended Book: The Richest Man in Babylon by George Clason. Recommended Book: Broke Millennial Takes On Investing by Erin Lowry. Recommended Book: Millennial Money by Patrick O’Shaughnessy. Check out the books mentioned in the podcast here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0

You're listening to TIP. On today's show, we're re-sharing some of the older episodes that are my favorites for a few reasons. One, we get a bunch of new listeners each week, so new listeners may not have heard this episode before. Two, even if you've been listening for a while, you may have missed this episode when it originally came out. Or three, even if you've heard it before, it could be a great episode to learn from again. If you've already heard this episode or you're not interested in hearing it, feel free to just skip it. There's no harm in that. And you can pick up with our new episodes next week. That's all I had for you for this new intro. Everything going forward is going to be from the original episode. I hope you guys enjoy it. On today's show,

0:38.2

I sit down with entrepreneur and investor Chris Kowaja to learn about why and how he believes

0:43.8

you should be investing your emergency fund using the ultimate liquidity portfolio strategy.

0:49.5

Chris is a Stanford and Harvard graduate who worked at Goldman Sachs and Bridgewater Associates, which some of

0:55.8

you may recognize as this is super investor in one of my favorite investors, Ray Dalio's firm.

1:02.3

Chris is also a successful entrepreneur, author, and real estate investor. Chris definitely has an

1:07.6

impressive background in entrepreneurship, investing, and academia.

1:12.1

You'll hear just how brilliant he is throughout the episode today, and I'm very excited to

1:16.0

share our conversation on his unique investing strategy.

1:19.7

Many people listening to the show know that you need an emergency fund, but most experts

1:24.5

recommend you stick that money in a mattress or in a high-yield savings account

1:28.2

and just leave it there for a rainy day.

1:30.6

Chris's strategy is actually more aggressive with your emergency fund money because he recommends

1:34.5

you go against what most experts say and actually invest your emergency funds in the markets.

1:40.1

I'll let Chris explain this in more detail in today's episode, but it's a concept that fascinates me because I've generally been one that was willing to invest my emergency fund against the recommendations of other experts.

1:53.0

So without further delay, let's get into this week's fascinating conversation with Chris Kowaja.

1:58.8

You're listening to Millennial Investing by the Investors Podcast Network,

2:03.3

where your host, Robert Leonard, interview successful entrepreneurs,

2:07.1

business leaders and investors to help educate and inspire the millennial generation.

2:21.4

Hey, everyone.

2:22.4

Welcome to the show.

2:24.2

As always, I'm your host, Robert Leonard.

...

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