Not exact matches
It is
true we
need some players but just for squad depth and
in case of
emergency but not because we are short.
That's
true whether you're investing for the long - term
in retirement accounts like 401 (k) s and IRAs or setting aside savings you may
need to tap much sooner for
emergencies and such.
An
emergency fund should be established for its
true purpose — which to sit and do nothing but collect interest until it's
needed in a crisis.
Downside is that if I do
need to draw on my savings
in an
emergency (a
true emergency that is) I may not get the best possible investment return.
This should only ever be done for
true emergency situations where you
need cash and you don't have enough
in your bank account.
If you see your cat eating
true lilies, it is a
true emergency and you
need to bring the cat and the plant (for identification purposes)
in immediately!
And while it is
true that folks
need to approach the management of their
emergency savings with an abundance of caution, there is a middle ground between losing six months of expenses to inflation every year and exposing every penny you own
in small - cap Greek biotech firms.