Someone was asking me whether it is too risky to go in the Market now? Aiyo, investment of any kinds by nature is risky and you may potentially lose some or all your invested capital. Putting money into Fixed Deposit is NOT investment; it is SAVING and carry nearly zero risk, and that is the reason why the return on Saving is very low; because the Bank takeover your risks to invest your money and definitely, the bank will expect some premium for taking your risk, and will never give you better return on your fixed deposit.
Since any investment by nature is risky, you need to mitigate or control that risk through your money management, and have at least 3-5 year short term financial planning to meet any unforeseen cash draw down. Be safe, think of RISKS before rewards. Fear not the Market, but fear what you have not plan for any unforeseen cash draw down as this may be a potential killer.
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A Chasing Sunsets Fund – A Better Way to Plan Nice-to-Haves in Financial
Independence.
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One of the spending needs that many of you would consider as part of the
income needs for your financial independence (FI) or FIRE, is to have
enough mon...
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