This is the investment breakup I am keeping for my cash.
20% crypto
40% robinhood
30% wealthfront
10% savings account
Any suggestions on improving the risk/reward balance?
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Also, what's the breakdown between Wealthfront and Robinhood? Why not just say what breakdown in type of holdings? It's hard to say if it's a good call when 70% of it is a mystery.
You don't need cash in a savings account beyond what you need for your normal cash flow. Buy CDs for your emergency fund.
And your emergency fund should not be a percentage of your portfolio. Should be based on 6 or more months of expenses.
Of course it depends on your total savings. If you just started working and only have 3 months of salary saved IMO saving into 401k, etc. takes priority over a giant emergency fund.
https://earlyretirementnow.com/2016/09/07/debunking-emergency-funds-part1/
So far that low risks portfolio has been going up enough to keep up with my increased expenses. If it goes below my target (say market was down) I just replenish it to my target.