Emergency Fund.
Once the market is up & running, the greed is also up.
To reap the maximum gains of the bull market, some people invest the last penny into stocks, including emergency fund.
At any point of time, you should have ample liquidity to ensure, god forbid, any kind of emergency whether it is related to health, losing job, losses or slow down in business are sufficiently handle with.
Keeping aside certain cash is a wise idea rather than going all in to the extent that you don’t have spare cash to meet with emergency.
This will also give you a good night’s sleep & help make better decisions during day time.
This is the Part 2 of Mistakes To Avoid In Bull Market. I’m sure this helps you make wise decisions & reap the maximum of the bull market in a responsible manner.
Here’s the Part 1: Mistakes To Avoid In Bull Market –
Here’s the Part 3: Mistakes To Avoid In Bull Market – 3
