Because I never know when a financial emergency will hit, it will be impossible to wait to sell my investments at a profit
is less stable than a full-time job, I don't have kids or own property, and I work remotely, so it would be easy for me to live off very little if I needed to.
That probably sounds like a lot for folks with savings accounts at national banks, where you typically earn pennies — maybe a few dollars — in interest each year. However, it's not so much when you consider that the inflation rate in 2019 has hovered at about 2% and that the historical average stock-market return is 10%.Of course, investing my money doesn't mean I'm going to get 10% returns.
To do this, you have to accept that you might end up selling your investments at a loss. This was the main point Marquit drove home, and as someone who's never been afraid of a little risk when there's potential for reward, I decided that investing some of the extra cash in my savings — about a third of it — was the right move for me.Marquit explained that she takes a tiered approach to her emergency savings.
I was most worried about the risk. I knew that I wanted to have easy and quick access to at least a portion of my emergency fund, and I didn't want to invest the rest in anything too risky or complicated.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Jeremy Grantham's investing strategy in venture capital, sector pick - Business InsiderJeremy Grantham, the legendary investor who called the past 2 bubbles, hails venture capital as the best market for the highest returns — and pinpoints where he's buying now
Baca lebih lajut »
Mobile home owners are feeling trapped as firms invest billions - Business InsiderIn mobile home communities, residents own their home but rent the land beneath it, leaving them little power to fight rent increases.
Baca lebih lajut »
Yelp's new ad products will benefit from 5G - Business Insider - Business InsiderAs carriers launch commercial 5G networks, Yelp is positioning itself to take advantage by providing ad products that leverage mobile location data
Baca lebih lajut »
Physician adoption of digital health tools spikes - Business Insider - Business InsiderAn American Medical Association study showed that physicians' use of digital health solutions increased in every category over the past three years.
Baca lebih lajut »
AllianzGI pushes for more climate data ahead of AGM seasonGerman fund manager Allianz Global Investors is pushing every company it invests...
Baca lebih lajut »
Business InsiderDespite Alibaba's promising performance on the back of Single's Day 2019, the coronavirus outbreak may weaken its sales in the future $BABA
Baca lebih lajut »