CYA
Simplify Tail Risk Strategy ETF
stock NYSE

> One week paycheck is 4+ months of income.
Not sure how you're doing your math. If expenses are 10% yearly income, then one week worth of earnings would be ~1.6mo if that 10% is pre-tax and ~2.3mo if post-tax.
> That’s in your checking account to pay for rent, credit cards.
Well, it *was* in the bank. In your world, that's already been shuttled off to an investment account. If you lose your job partway into a 2-month paycheck without any severance, you're boned.
> One week paycheck is 4+ months of income.
Even using this number... what if you don't get a job in 4 months? Start pulling from investments? Again, this is a worst-case scenario to do. Nobody recommends this because you're screwing over your future self.
> Because you have so much in your taxable relative to your spend, you’re completely fine.
Nobody is saying you're going to be insolvent. The argument is that you're selling at the absolute worst time. You're robbing your future self. There's massive opportunity cost to this selling - that's the entire point of seniors doing a shit ton of work to avoid SORR.
> Point being. Emergency fund is useless at this income level. Utterly useless.
Huh? How is income level relevant here? I feel like you have a fundamental misunderstanding somewhere.
> Your single paycheck can cover anything you need.
We already discussed why that's not possible: even if you can cover multiple months of expenses using a single paycheck - there's no guarantee you get a *full* paycheck and one could easy go beyond those multiple months of expenses without any replacement income.
> The rest stock can be sold if truly dire circumstances. With no downside.
Yes, there is massive downside. That's literally the entire point here, bud.
> And yes not investing the extra is leaving money on the table.
If your expenses are truly so small, then you're leaving very little money on the table. If you've been loading your investment account with so much, then you must be at the stage that a single paycheck is smaller than daily market fluctuations.
It would take many of my paychecks to outstrip a normal market day. It's much better to CYA for the tailrisk scenario because that will cost me millions.
Do the math, dude.

Also - we love junk as we are 10% collecting for CYA against devalued USD. 90% of the reason is for ease of trade in a prepped situation 
An old dime would be easy to swap for food or water, inconspicuous and simple

Needs little diversification to CYA. Gold /Silver and foreign equity?