Emergency funds should be the first thing that you have before starting to invest.
You have to be willing to lose all the money that you’ve invested.
Investing is risky. There is always the possibility that you’ll lose all of your capital, if things go horribly wrong. No matter how small, the possibility is still there.
As such, having an emergency fund is crucial as it helps you to hedge against such risks.
Even if you lose all of your money from investing, you’ll still have your emergency fund to fall back on.
Depending on your financial situation, you may…
You may have an addiction to watching the stock market, just like I previously did. However, all hope is not lost!
Here are 5 methods you can use to avoid checking your stocks too frequently:
Investing is risky, and you may lose your entire capital if you make the wrong decisions. If you’ve set up your emergency fund and start to invest a fixed amount each month, you will be more secure.
However, if you’re investing the money needed for your studies, the whole game has changed!
I started investing at one of the worst times ever.
My investment journey began in Feb 2020, a few weeks before the COVID-19 market crash.
The prices kept plunging, and I was hooked. I checked my stocks’ performance around 4 times an hour!
However, was that really necessary? The answer is an overwhelming NO.
So how often should you be checking your investments instead?
In the past, it was hard to get information about the assets that you invested in. Any news that you received was by mail.
By the time you received that mail, the information would most likely…
A recent survey conducted by OCBC shows that only 30% of Singaporeans can cover their expenses for 6 months, if they lose their job now.
We’ve all heard about “saving for a rainy day”. Having some savings to tide you through tough periods is crucial, especially in this uncertain job market.
Here’s a guide to emergency funds, and how you can start building up your cash reserves.
An emergency fund is an important part of all financial plans. They should only be used in the event of an emergency.
An emergency is defined as “a serious, unexpected, and often dangerous…
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