Low P/E Doesn't Equal Value

摘要

That means two things: Build an emergency fund big enough to cover six months of expenses (up from the old and oft-ignored advice to have three to six months handy), and live within your means. If your income is shaky, consider a bigger emergency kitty. These days ready sources of cash are fewer; after all, you can't tap into a home equity line if your equity has evaporated.