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New investors should do this before investing in ASX shares – Motley Fool Australia
Why new investors should put their finances in order and have an emergency fund before buying into the ASX share market.
Before investing in ASX shares, new investors should make sure that their personal finances are in order.
Why? Because time in the market is way more important than timing the market when it comes to creating life-changing wealth.
The emergency fund for new investors
An emergency fund is a cash reserve that can be called upon for unexpected life events and circumstances. Ever lost your job? Been sick for an extended period? Had to buy a new car for work?
These are just a handful of examp…
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