*normally I would suspect this sort of situation to be a scam. However, in this case I knew it was geniune.
Emergency fund
Re: Emergency fund
If I told you you would lose a few million yen unless you can pay me about 1M yen right now, would you consider that an emergency? Because if the return is guaranteed, it's an equivalent situation*. Anyway, that's why I prefer to call it my "FU fund" rather than an emergency fund. It's money that's there to give you options.
*normally I would suspect this sort of situation to be a scam. However, in this case I knew it was geniune.
*normally I would suspect this sort of situation to be a scam. However, in this case I knew it was geniune.
Re: Emergency fund
Well now I'm curious what this "guaranteed" investment opportunity was, especially one that also guaranteed a huge loss unless you stump up cash. You're definitely right in saying it sounds like a scam.
Re: Emergency fund
Sorry I don't think I was clear. There wasn't any chance of loss. I meant that if the return is guaranteed, then *not* taking the opportunity is equivalent to a loss.
In this case it was maturing stock options, the right to buy stock at below market value, which you then sell at market value for profit.
In this case it was maturing stock options, the right to buy stock at below market value, which you then sell at market value for profit.