My people make ona no vex I just want make members wey dey here give their own opinion for this matter wey I carry come here. this matter wey be say rich and poor investors need get emergency fund now small argument wey dey go on now and some people dey talk say if an inventor wey dey invest for bitcoin dey wealthy say he or she no need set emergency fund do to say ehh day capable to handle any emergency wey arise because ehh get money. So I want make ona Chuck mouth for this matter wey I carry come so, but me first go give my own opinion.
Having emergency funds on hand is a good idea for all investors, regardless of wealth. However, I am aware that wealthy investors tend to have easier access to emergency funds due to their steady income, which makes the difficulties they face in investing less severe than those faced by poor investors. In some cases, even though poor investors have emergency funds set aside, problems may arise that the emergency funds are unable to handle, leaving them with no other option than to touch some of their investments.
When investing, emergency funds are crucial because they give investors peace of mind which they won't have to touch their investments, When you are investing for the long term, emergency savings cover a lot. Having multiple sources of income is beneficial for poor investors.