Maintain a liquid emergency fund from "summary" of CONQUER The CRASH-You Can Survive and Prosper in a Deflationary Depression by Robert R Prechter
To protect your financial well-being during a deflationary depression, it is crucial to have a liquid emergency fund. This fund should consist of readily accessible cash or cash equivalents that can cover your living expenses for an extended period of time. In times of economic turmoil, having a safety net of cash can provide you with a sense of security and peace of mind. A liquid emergency fund serves as a buffer against unexpected expenses, job loss, or other financial emergencies that may arise. It allows you to weather the storm without having to resort to selling off investments at a loss or going into debt. By maintaining a sufficient emergency fund, you can avoid financial stress and uncertainty during challenging times. It is i...
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