Liquidity
How quickly an asset can be converted to cash without a significant loss. Listed stocks are highly liquid; property is illiquid (weeks to months to close).
3-6 months of expenses in accessible cash. The buffer that prevents selling investments at a bottom when something breaks. Built before a single shekel is invested.
How quickly an asset can be converted to cash without a significant loss. Listed stocks are highly liquid; property is illiquid (weeks to months to close).
The risk that a market crash early in retirement depletes the portfolio even if the long-run average is fine. Defense: a 2-3 year cash buffer.
FixYourFI explains the foundation — Tickerio executes: stock research, fundamental analysis, and GEMS scoring for picking securities.