The importance of having an emergency fund alongside your investment portfolio.

[Johnson2468]

Having an emergency fund is an essential part of any financial plan. It is especially important when you have an investment portfolio. Emergencies such as job loss, unexpected medical expenses, or unforeseen home repairs can derail your financial goals if you are not prepared. You can have a safety net to assist you withstand any financial storm by having an emergency fund. You should aim to have three to six months' worth of expenses saved up in a separate account from your assets. In this manner, you can immediately access your emergency savings without having to write off your investment losses. Keep in mind that while long-term investing is vital, having an emergency fund is crucial to protecting your financial future.

 

[Magnus2022]

Emergency fund is very vital. It helps to caution effect of investment mishaps. It is wrong to put all your fund in one place. Apart from emergency fund, you can diversify your fund, it is another way you can use to be save from uncertainty in the market.

 

[flower]

Emergency fund must be set aside for every business so that it will enhance its growth

 

[IB D]

Emergency funds are money kept aside to cushion the effects of a loss. It is very important to have. You can be saving your money gradually till it gets to a level it can sustain you for 6 months.

 

[Springtime]

It is extremely important to have an emergency fund to prepare for rainy days. You may encounter unexpected events such as job loss or illness. Ideally, your emergency fund should enable you to sustain a living for at least 6-9 months.

 

[cherry123]

As the name implies jt is always good to have emergencies funds. as anything can happen that needs immediate cash iy is good to have money for unforeseen financial demands

 

[Stardom22]

The emergency fund is good because it can salvage your investment portfolio in case of an investment downfall or a risk. It's even more advisable by the financial specialists to have such a fund.

 

[uptrendfinancialsignal]

Emergency fund is critical and it is one of those things that must be done so that you can have a rest of mind because it is a savings that should be put somewhere.

 

[eldavis]

This is actually very important though, anything can happen at anytime. There are times where your investments might not even go as planned you would have to fall back to your savings.

 

[Suba]

Before investing in any investment instrument, an investor should allocate their funds for an emergency fund, which can be stored in a bank account or a short-term investment that is easily liquidated so that when you need emergency funds, you don't have to sell your investment instruments.