Post
Topic
Board Speculation
Merits 2 from 1 user
Re: Buy the DIP, and HODL!
by
$crypto$
on 24/01/2024, 18:49:23 UTC
⭐ Merited by BigBos (2)
If you wait until you have a comfortable emergency fund that will be enough for you to take care of things when the need arises, you won't be able to invest, to me, I don't think that there is any amount that we should have before investing, beside an investor should not think of being alright financially before making investment move, the only aspect one should consider is how much that is coming in daily, weekly and monthly after this check, the money should be divided into a segment, the one for emergency stuff, other needs and the investment itself, with this idea one can start from somewhere and never think of withdrawing his or her investment when fully involved.
Thinking about emergency funds is very important especially if you don't want to disturb when the investment has started, we never know what future circumstances are needed, so emergency funds are important before investment starts, at least you already have a handle on this.

Well that's a lot of consideration with the cash flow you have, I'm sure the average of us will probably get from a month's salary and divide it into several segments of emergency funds, needs and investments then that will be divided by how many percent of investment how big your needs are then this is important not to be ignored.

I feel that with the emergency fund that has been prepared we feel a little more relieved, why? Because you will be a little calm with bitcoin investment even though for example the cash flow is starting to decrease a little but you can still do from emergency funds or needs can use emergency funds until cash flow returns to normal.