facebookNeed to save up emergency funds but because the stock prices get more and more attractive each month, I kept buying more stocks. Now I have less money than when I first started working 4 months ago.? - Seedly

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Anonymous

18 Apr 2019

∙

General Investing

Need to save up emergency funds but because the stock prices get more and more attractive each month, I kept buying more stocks. Now I have less money than when I first started working 4 months ago.?

Would you guys save up first or would you guys take advantage of the opportunity to buy more stocks?

Discussion (5)

What are your thoughts?

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I think that you have got the idea for your question instead I would like to add mine in it.

I believe that you should stop overthinking on saving and investment. There is a famous saying.

" Do not save what is left after spending; instead spend what is left after saving "

And in your case, I would like to say that emergency fund are our life lines. We don't know when and where we need them.

If you are getting attracted towards stock price, I want to say that Are they more important than your life? if Yes, than go and buy them right now. and If not, then you got your answer.

Soon Xiaohui

Soon Xiaohui

17 Oct 2018

Analyst at Common Place

Always save your emergency funds first (which the gentlemen have highlighted) no matter what.

There is always opportunities for investment. :)

And if you are really interested in investment, you can save a portion of your income for opportunities while another portion for regular saving/investment.

The portion saved for opportunities may be use to investment education too.

wish you all the best in your investment journey. :)

Gabriel

Gabriel

16 Oct 2018

Undergraduate at National University of Singapore

I would save up first before buying stocks even if the prices are lower than usual. Stocks are consi...

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