Keon Chee

You may not need so much ready cash, especially if you are still a good way ahead of your retirement age. We recommend you save three months’ salary. First, some of this money can be invested in financial assets such as bonds and unit trusts, since they can be liquidated almost any time, with little or no penalty. Second, if you have a working spouse, there should be sufficient “back-up” income in the event of an emergency.

you buy 100 shares of A’s common stock, you would own 100 per cent of the company, where “n” is the total number of common stock shares.

f you buy 100 shares of A’s common stock, you would own 100 per cent of the company, where “n” is the total number of common stock shares. As a stockholder, you have a residual claim on the