Note! Here's How to Prepare an Emergency Fund and Investment
In a situation of uncertainty, setting up an emergency fund by investing is one way to maintain financial resilience. Genta Wira Anjalu, Chief Investment Officer of PT Sinarmas Asset Management, said that there are several ways to maintain financial resilience
First, increase your emergency funds and investments. Ideally under normal conditions the investment portion is 50% for daily needs, 30% debt and obligations, 10% savings and investment and 10% entertainment. "Meanwhile, in a crisis, the portion has changed to: 45%, 25%, 25% and 5%," said Genta in the SimInvestival 2022 webinar "Rang Mudo Digital Investment". Genta added that ideally the percentage of emergency funds also adjusts to the status of each person. He gave an example of being single, for example, requiring an emergency fund of 4 times the monthly expenses. Second, invest as early as possible, it is very good to start at a young age. Third, extend the investment time horizon. The longer the time horizon, meaning that investors can minimize potential losses.
|•SOURCE•| Articles :INDUSTRY | Image :MEDCOM |
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