Wednesday, June 3, 2009

Business Slush Fund

Do you have your business slush fund? This is cash set aside to take advantage of opportunities that come up from time to time. If you had your slush fund you could have bought GE at $8 a share just a few months ago. You could have bought Intel in 2003 at 10 dollars a share. I remember every engineer I knew at Intel was buying stock with all their money when it hit 10 bucks a share in 2003. They knew what was coming down the pipeline.

This slush fund allows you to start those small businesses when they present themselves. Need to set up that LLC? You have the cash! Minimum lot size was a lot higher then expected? You have it in the bank to not miss the opportunity.

Call it a slush fund, a contingency fund, or just all around savings, you should always have cash sitting around to take advantage of those opportunities. Have you ever heard the saying, being at the right place at the right time? Doesn't matter if you are at the right place at the right time if you don't have the resources available.



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