An emergency fund is built for unexpected expenses and needs.Using my emergency fund to invest right now would be kind of like selling a lifeboat on the Titanic right as the captain of the vessel is yelling, "Iceberg!"
Sure, I could probably get an amazing rate, but that's because the probability of needing the lifeboat now is higher than ever. I'm not saying that the current market is the Titanic, and I'm certainly not a proponent of selling any equity or bonds during this time. I just don't see a reason to sell my lifeboat right now, no matter how attractive it might seem.changed in regards to my financial plan.
I'll admit, a plan does need to be flexible. But, when I built this plan, I figured there would be years when the market would drop by 30%. I also hoped there would be years when the market would rise by 30%. My long-term plan takes into account extreme volatility that averages out over the long run. For the time being, I'm willing to ignore the short-term market swings and contribute my monthly savings as I always do.Disclosure: TD Ameritrade is a partner of Insider, Inc.'s business development team, which is separate from its editorial department. We may receive a commission if you open an account.SmartAsset's free tool matches you with a financial planner in your area in 5 minutes.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside Biden's Instagram influencer strategy, virtual campaign - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Great Twitter Numbers One Two Three Four Five Six Seven Eight Nine Ten Eleven Twelve Thirteen Fourteen Fifteen Sixteen Seventeen Eighteen Nineteen Twenty. BIDEN=CHILD ABUSER 😤😠
Source: BusinessInsider - 🏆 729. / 51 Read more »
30 quotes that take you inside Albert Einstein's brilliant mind - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Einstein had a brilliant mind but also had a set of brilliant Maths Proffs on his team, Einstein had a vision and an idea and would get the maths worked out with his team of Maths Proffessors.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock market bubble is the 'Real McCoy' investor Jeremy Grantham says - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Queen's favourite singer Dame Vera Lynn has died at the age of 103 RIPDameVera Disclaimer. His opinion is based on tea leaves. PeterNBell I'm sick of people being called 'legendary investor'. In 20 years we will see Dave Portnoy described this way for news article click bait.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock market tech trends accelerating due to COVID-19 Morgan Stanley - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »