Using your 401k loan as Reserves
I'm struggling with the "where do you put your reserves" debate. I'm pretty confident that relying on credit cards and lines of credit may not be wise in a black swan event. In that regard, if you have $50k in a 401k that you can loan yourself, is this a good strategy to protect yourself in case of some unforeseen expense/emergency? Is the timeframe between applying for the loan and receiving the funds prohibitive. The only real downside is needing to pull the money out if the economy goes to sh**. What have others experienced in their investing career! Is there a better method other than using checking/savings accounts and CDs? Anxiously awaiting your responses!