Ndubuisi 'Andy' Egwim advises investors not to sell long-term investments to cover sudden expenses (e.g., a broken boiler). He urges keeping an emergency fund (placed in a cash ISA) and automating savings so discipline isn't required—build a system instead. He uses a dieting analogy (removing tempting foods) to show systems beat willpower.
But for my point as an investor, I don't want to sell my shares if things suddenly, if I need money suddenly when people like us are hunting for bargains and you're selling because you need to fix your freaking boiler. No, that's not what we want to do. That's why you have that savings is your emergency fund and you put it in a cash isa. Automate the process. Once you automate it you can delete your app. If I automate a process, I don't need to see the app. If you feel that you need discipline to be good at managing money, you are doing it wrong. You don't need to be disciplined, you need a system. Just like if I want to lose a bit of weight, I don't want to have cake in my house or so many shortbread and whatever and I'll say oh, I'm disciplined. No, no, no, they're not going to be there.
