My mum knows what I am going to do in a market crash. I am going to empty my bank accounts in all their entirety and dump it into the stock market. This is not news to her. I have shared with her plenty of times my plan of action. However, I think it didn’t register in her head until recently when she clarified what do I mean when I say I am going to empty my bank accounts.
Is your family on the same page?
Is it a figure of speech or is it a literal statement?
When she realized it was the latter, she became momentarily concerned. Am I out of my mind?
To allay her fears, I shared that it is for this purpose that we have an emergency fund in place. Of course, the larger the emergency fund, the greater the peace of mind it provides. Only extra cash, above and beyond the …