Here are the answers to the Frequently Asked Questions we receive here in WealthyTayo.com
1. Do we really need to have an Emergency Fund in place first, before we invest in the stock market?
That's the ideal situation, because there's no guarantee that the value of our shares of stock will be high at the time when an emergency arises.
If we do not have an Emergency Fund in place, and then we suddenly need money when the stock prices are low, we might end up selling our stocks at a loss just to generate cash.
IMPORTANT Lesson: Do not rely on the stock market for Emergency Cash. Instead, build a separate Emergency Fund for such situations.
More questions and answers will be added to this page in the coming days...