@Wade
It’s more about unexpected things like losing your job, car repairs, or anything else that might need quick cash.
@Wade
Exactly. Emergency funds cover things like surprise bills or job loss. Since you’re in the UK, healthcare isn’t an issue, but you still want something for other unexpected expenses.
I’d recommend dollar-cost averaging. It’s safer than trying to time the market, and you won’t feel as much stress.
Cedar said:
I’d recommend dollar-cost averaging. It’s safer than trying to time the market, and you won’t feel as much stress.
Lump sum generally outperforms DCA for whole-market ETFs like VOO, but DCA is great for easing into investing if you’re nervous.