Comments on: Can You Survive the emergency? http://smartconsumerbanking.com/2008/04/09/can-you-survive-the-emergency/ Consumer Guide on Banking & Financial Products , and tips on love, money and happiness For Fellow Malaysian Fri, 29 Aug 2008 00:14:29 +0000 http://wordpress.org/?v=2.2 By: Yow Chuan http://smartconsumerbanking.com/2008/04/09/can-you-survive-the-emergency/#comment-367 Yow Chuan Wed, 09 Apr 2008 16:23:52 +0000 http://smartconsumerbanking.com/2008/04/09/can-you-survive-the-emergency/#comment-367 Yesh, I couldn't agree more. Emergency fund should be seen as the foundation of one's saving's & investment strategy. Without enough buffer for emergency fund, and with every ringgit stuck in unit trust or stocks (as liquid as these instrutments may be), one might need to dispose of this investment even when the returns are not very significant yet. Emergency fund = 100% Liquidity. Best place to store them is in a fixed deposit account. Yesh, I couldn’t agree more. Emergency fund should be seen as the foundation of one’s saving’s & investment strategy.

Without enough buffer for emergency fund, and with every ringgit stuck in unit trust or stocks (as liquid as these instrutments may be), one might need to dispose of this investment even when the returns are not very significant yet.

Emergency fund = 100% Liquidity.

Best place to store them is in a fixed deposit account.

]]>