tag:blogger.com,1999:blog-7944902213075756335.post4508458168266845962..comments2024-03-28T10:39:01.047+08:00Comments on A Singaporean Stocks Investor (ASSI): I do not believe in emergency funds.AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-7944902213075756335.post-21441186746383171832018-11-24T09:10:56.870+08:002018-11-24T09:10:56.870+08:00Unless we are very rich, all of us need an emergen...Unless we are very rich, all of us need an emergency fund.<br /><br />https://singaporeanstocksinvestor.blogspot.com/2018/11/financial-freedom-and-long-break-from.htmlAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-65046524223133795182017-07-25T14:33:00.063+08:002017-07-25T14:33:00.063+08:00Hi fc,
I know what you mean. I always keep some m...Hi fc,<br /><br />I know what you mean. I always keep some money at home de. I call it "emergency and convenience cash". ;)<br /><br />http://singaporeanstocksinvestor.blogspot.sg/2014/05/emergency-and-convenience-cash.html<br /><br />As for not having an emergency fund, Buffett and Gates? Yes, I see your point. I am not at that level yet where I can do without having an emergency fund.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-22490925145986442652017-07-25T14:16:14.250+08:002017-07-25T14:16:14.250+08:00maybe just call it "funds that can be accesse...maybe just call it "funds that can be accessed anytime".<br />some may combine warchest funds with emergency funds<br />bcos even when oppty comes, they neber put 100% in oppty<br />and then replenish.<br /><br />in any case, the funds best be reachable by someone else.<br />imagine having to still login and sell pref shares or<br />login back to terminate FD and transfer to savings/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-12615801197803431882017-07-25T12:11:44.001+08:002017-07-25T12:11:44.001+08:00On my Facebook wall.
David Poh:
Build resilience...On my Facebook wall.<br /><br />David Poh: <br />Build resilience in the face of adversity. Dun keep riding on your luck and blame the world when something goes wrong. "In this world nothing can be said to be certain, except death and taxes"AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-45943671066439979572017-07-25T12:09:01.574+08:002017-07-25T12:09:01.574+08:00Hi Victor and Spur,
Thanks for providing two oppo...Hi Victor and Spur,<br /><br />Thanks for providing two opposing views.<br /><br />No prizes for guessing which view I agree with. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-86831431081893597802017-07-25T11:07:20.544+08:002017-07-25T11:07:20.544+08:00PS & perps would fit in a portfolio's fixe...PS & perps would fit in a portfolio's fixed income portion. But to use them as emergency funds not very practical.<br /><br />1st off, chances are that you're buying them above par. Talking about good quality ones, not those junkies, where you'll need another emergency fund for your junky emergency fund.<br /><br />2nd, you're hoping the relatively higher yield will compensateSpurhttps://www.blogger.com/profile/11824813457786462446noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-37429543165580280132017-07-25T10:14:29.471+08:002017-07-25T10:14:29.471+08:00I agree with your reader too. its a terrible oppor...I agree with your reader too. its a terrible opportunity cost.<br /><br />Not all bodies require insurance. For example, to my understanding, the govt is actually self-insured.<br /><br />Paper loss in shares is the same as actual loss. sometimes realising the loss is better than holding on for "further" paper lossesvictorlsl1https://www.blogger.com/profile/08216513769799631859noreply@blogger.com