Disability insurance is much too expensive. My goal is to have disability savings worth at least 6 months living expenses. I could save that money in a money market fund, but I know myself and that's too easy to spend. Wherever I put this savings should meet the following criteria. It must:
- be difficult to spend
- safe through inflation
- be easy to sell at any time
- predictably retain value
- have a low cost of ownership
My current inclination is to use the savings to buy gold bullion from a reputable online dealer. If push comes to shove and I need the money to pay living expenses, I'd sell it piece meal on eBay. That's because the eBay price is routinely higher than the spot price.
So what do you think readers, is that a good way to go? Have I overlooked something important?