I do not believe in emergency funds.

"It will never happen to me."

What if it should happen one day?

Then, die lah.

OK lor.

Reader:
Don't believe in emergency funds. Better to put money in bank preference shares or perpetuals.

AK:
Well, let's hope you never meet with an emergency which might force you to liquidate your investments at prices not of your own choosing.

Reader:
DBS preference share, at any price, still provides