When we are no longer young; but old enough to be near retirement or semi-retirement phase. We will face the two greatest financial fears in our life: 1. Inflation on our life expenses 2. Permanent Loss of Capital due to forced selling during market low to meet liquidity needs for life expenses
As retirees without the capability of injecting new capital, we must never lose our investing capital during market low. Once we locked in permanent loss of capital, it will become extremely difficult to recover without new capital. That is why.
SMOL: It’s good to be young and feeling invincible! Treasure this moment. We are only young once
Uncle8888 doesn't feel good but feel weak! Nowadays, he looks way beyond emergency fund as he is kiasu and kiasi! A typical Singaporean Uncle. Bo Pian! See Uncle8888's model of Way beyond Emergency Fund:
...