{"version":"1.0","provider_name":"Ziet Invests","provider_url":"https:\/\/www.ziet.co\/v2024","author_name":"Ziet","author_url":"https:\/\/www.ziet.co\/v2024\/about-us\/","title":"#18 Do you have emergency fund?","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\" data-secret=\"tZZnbQemy8\"><a href=\"https:\/\/www.ziet.co\/v2024\/newsletter\/do-you-have-emergency-fund\/\">#18 Do you have emergency fund?<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/www.ziet.co\/v2024\/newsletter\/do-you-have-emergency-fund\/embed\/#?secret=tZZnbQemy8\" width=\"600\" height=\"338\" title=\"&#8220;#18 Do you have emergency fund?&#8221; &#8212; Ziet Invests\" data-secret=\"tZZnbQemy8\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script>\n\/*! 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TABLE OF CONTENTS Do you have emergency fund? Driving on a highway, music loud, windows down \u2013 and then, BAM! \ud83d\ude31 A sudden car accident! Now you&#8217;re staring at RM 10,000 in bills, wishing you had an emergency fund to get it through \ud83d\ude22. Why Cash Still Wears the Crown Emergencies are like uninvited guests \u2013 they never RSVP. Whether it\u2019s car breakdowns, health hiccups or unexpected layoffs, these rainy days don&#8217;t care if you are ready for it. And your emergency stash? It\u2019s umbrella in a storm \u2614\u2013 not making you rich, but certainly keeping you dry. Golden rule: Aim for 3-6 months of living costs. Quick math: if your monthly costs are RM2,600, you\u2019re looking at keeping RM7,800 to RM15,600 tucked away. Remember, this isn\u2019t a one-size-fits-all! Dealing with some heart condition? You may extend it to a 24-month stash, just to be safe. Low on cash but you need it NOW? \ud83d\udcb5 Some tips if you need the money right now: Got Extra Cash? \ud83d\udcb0 If you have some extra cash lying around, here are some options. So, whether you&#8217;re stashing or splurging, remember, emergencies are unpredictable, but your finances don\u2019t have to be. If you\u2019re interested in the US stock market option, I have an exclusive rewards for you! If you sign up for M+ Global rewards, you will receive x6 units of GRAB shares &#8211; yes, it\u2019s the Grab you order for food and rides! If you\u2019re concern about the shariah compliant, or simply not interested in Grab, you can also choose to receive trading vouchers that worth around USD 20! Word of the Week: Margin Definition: Margin refers to the difference between the total value of securities in an investor&#8217;s account and the loan amount from a broker. Essentially, it&#8217;s borrowed money that allows investors to buy more shares than they could with just their own funds. When an investor buys on margin, they use these borrowed funds to purchase securities, hoping the value of the securities will rise. However, buying on margin comes with significant risks: if the securities decrease in value, the investor still has to repay the loan. Imagine you want to buy shares in a company called ZietStar, which are priced at $100 each. You believe that the stock price will skyrocket soon, so you decide to purchase 100 shares, costing a total of $10,000. But, you only have $1,000 in your trading account. Your broker offers to lend you the remaining $9,000 so you can buy all 100 shares immediately. This loan from your broker is called a &#8220;margin loan&#8221;, and your $1,000 initial investment serves as collateral. If ZietStar&#8217;s share price shoots up to $150, your total investment value becomes $15,000. After repaying the broker&#8217;s $9,000 loan, you&#8217;re left with a balance of $6,000, which means you&#8217;ve gained a $5,000 profit from your initial $1,000 investment! However, if ZietStar&#8217;s price plunges to $50, your total investment drops to $5,000. After repaying the broker&#8217;s $9,000 loan, you&#8217;d be left with a negative balance of $4,000, meaning not only did you lose your initial $1,000, but you also owe the broker an additional $4,000. This leveraged buying power that margin offers can massively amplify gains, but it can also lead to devastating losses. So beware of what you\u2019re buying! Key Economic Dates: What I\u2019ve been reading: Here are the top stories that caught my eye: You\u2019re all caught up! If you enjoyed today\u2019s newsletter, do share it with your friends and family! If this email was forwarded to you, consider subscribing to receive them in future! And if you have any questions, don\u2019t hesitate to reach out to me by replying to this email. We are also delighted to receive your feedback. Cheers,Ziet"}