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Joined 2 years ago
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Cake day: June 13th, 2023

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  • The goal of an emergency fund is to be available for an eventual emergency. If you lose your job and need to live on saved up money for a few months, you might be forced to sell stock at the wrong time, losing capital. There is a middle ground where you invest that money in a low-risk investment product that will grow with time, without the volatility of the stock market.
    To be fair, 6 month is a lot, and most likely not the first goal someone should have when it comes to personal finance starting from zero.