I want to keep an emergency fund of six months' living expenses.
For me, this is 1.8 million yen.
I feel like keeping this in my shitty Japanese bank account is a waste.
Is there somewhere I can keep this money where it can work a little for me, earn some interest?
Obviously, it can't be too tied up, because I may need to access it in a pinch.
Any ideas?
Where to keep emergency fund?
- Roger Van Zant
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- Location: Kyushu
Where to keep emergency fund?
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UK pension (Class 2 payer) ✓
Company DB scheme ✓
iDeCo (Monex) eMaxis Slim All Country ✓
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- Roger Van Zant
- Veteran
- Posts: 631
- Joined: Tue Sep 01, 2020 7:33 am
- Location: Kyushu
Re: Where to keep emergency fund?
Thank you.
I should have searched first.
I should have searched first.
Investments:
Company DB scheme ✓
iDeCo (Monex) eMaxis Slim All Country ✓
新NISA (SBI) eMaxis Slim All Country ✓
Japanese pension (kosei nenkin) ✓
UK pension (Class 2 payer) ✓
Company DB scheme ✓
iDeCo (Monex) eMaxis Slim All Country ✓
新NISA (SBI) eMaxis Slim All Country ✓
Japanese pension (kosei nenkin) ✓
UK pension (Class 2 payer) ✓
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- Veteran
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- Joined: Thu Jul 07, 2022 10:37 am
Re: Where to keep emergency fund?
Cliffnotes: There's nothing worth your time.
Longer explanation: interests rates are low in Japan, therefore "risk free" debt offers little returns, and bank and term deposits pay little.
To get more return, you would need to add risk, with is not appropriate to emergency savings.
Longer explanation: interests rates are low in Japan, therefore "risk free" debt offers little returns, and bank and term deposits pay little.
To get more return, you would need to add risk, with is not appropriate to emergency savings.