Quote from: eightdots on Today at 08:12:48 AM

Quote from: Texac on Today at 07:24:53 AM

Quote from: AbuBhakar on July 16, 2023, 02:50:16 PM

Quote from: Texac on July 16, 2023, 02:45:18 PM

i don't understand why the OP is confused when he also has emergency funds, and that's where they come into play. Why is he not using it but thinking of selling the property? it's hard to understand. saving will always be easier than buying back any valuable property.

Simply because he still have a crypto that can be easily liquidated since this part of his investment while emergency funds is supposed to be use when you are on emergencies which you don't have pther source of money aside from that particular funds.

I will sell my crypto without a doubt If I'm on his situation since the price of crypto is very volatile and he might find is crypto assets value in very low price in bad market while he can use it not to cover for his expenses. He can always buy back into crypto anytime.

If it's a cryptocurrency such as bitcoin, then I don't think the decision to sell at this point is a wise decision. we don't know how much he bought it for, and with what's going on, almost every coin's price has dropped a lot. he will probably lose a lot if he sells in this bear season. furthermore, there is no guarantee that he will be able to buy back bitcoins at a low price, and he will need to spend more to own bitcoins if the bitcoin price rises sharply. this is an emergency, and is it right to continue not using the emergency fund?

Selling an investment or property is a method of last resort. But when I say this, I also think about this. It can be preferred if your emergency funds are not sufficient.

If you try to pay off with your investment, you may suffer a loss. The price when you buy and the price when you sell may not be the same.

Saving is easier than investing. We have to make decisions like waiting for the right time to invest or investing in the right thing. Therefore, in such cases, it would be wiser to use the funds allocated for emergencies first.

Crypto can always be bought, but why sell it below the price we bought it? As a result, we sell the emergency funds first, then our crypto if not enough, and finally our property to pay off a debt.

At the end of the day, it's all a matter of choice and if it's the last resort for us to survive, why not.
Having difficult conditions in the economy and being pressured by several factors such as inflation and the current recession that is starting to get closer then indeed when there are still reserve funds or investments why not use them.
But it is certainly the last choice because if we feel that we can still get through it then it would be great if it is not used but if the difficulty of the reserve fund is the right thing to use but if it is still not covered then the funds from the investment may still be used. rather than looking for other options such as debt it would be better to take advantage of the existing ones first to support our needs.