What?  Let&#x27;s assume he&#x27;s intelligent and has good diversification (eg. he mentioned bonds, stocks, home, and cash -- probably in a investment account). If all his financial positions got &quot;wiped out&quot; in a broad-sweeping financial collapse, then &quot;cash in savings&quot; would be equally worthless.<p>In the meantime, he has a home to live in.  Plus, most investment accounts give you easy access for withdrawals (eg. debit cards) or the ability to borrow while transfers or sales settle.  I fail to see how it&#x27;s precarious.