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Khairudin Ali

05 Dec 2019

∙

Can anyone explain what is CashPlus? Is it fine to invest my emergency funds?

Someone please explain what is Cash Plus? And is it fine if i invest my emergency funds and uses cashplus to pay off any future debts which later the loan to be paid off upon selling my shares?
Seek advice.

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Pang Zhe Liang

03 Dec 2019

Lead of Research & Solutions at Havend Pte Ltd

CashPlus by UOB is a loan that you need to fully understand how it works before you decide to touch it. In most cases, I will recommend against it. This is because of the high interest that will be tagged to the loan.

Emergency fund, as the term suggests, is meant to be liquid and to help you tide over any major expenses in the short term.

In investment, the returns are always non-guaranteed. Therefore, to pin hopes that your investment will definitely make sufficient returns to cover the cost of loan is definitely dangerous.

If there is a market change and your investment fall to the same or below the loan interest rate, then who pays for the loan?

Having debt on top of debt is always a bad move to me. Instead, invest only money that I can afford to lose, and borrowed money is certainly not part of the equation.

Here is everything about me and what I do best.

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Just wondering, is there anyone out there who's like me, investing without having an emergency fund set aside? Is it really that dangerous? I'm only investing in robos now though?

Is it advisable to save emergency fund and invest in ETF via Syfe at the same time, or is it advisable to get my emergency funds ready first before I step into investing?

How should my funds allocation be for ETF Long term investment? I'm a commission based earner. I hv 15k which is 6 months of emergency funds saved. i'm thinking of investing the rest, about 10k.?

How long do we realistically need to build up emergency funds? Is just simply saving the best way to build it? Is it counter-productive to invest to build up our emergency funds? 🤯?

Am i holding too much liquid cash? 20k+ as emergency funds, 30k in moomoo fullterton liquidity fund. I have investments, should i transfer some over to investments?

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