I believe in the rules section, and often in posts, Saul mentions having THREE years of “living comfortably”, or some such phrase, in cash.
I think this deserves some qualification.
In the extreme instance where all you have is ‘three years of living expenses’ then this strategy would result in you investing nothing, then living for three years on your cash pot before going broke.
In the optimum situation where you have amassed a comfortable investment pot, then three years is ideal. But for many of us, we may need to make a judgement between how much cash we keep for safety, while not depleting the rest of our portfolio so much that it is damaging to our returns.
Like so many investment decisions, this will depend upon your personal risk tolerance (which for many on this board I would imagine would be quite high).
Ian