I'm in my early 30s, a US citizen living abroad. Single, minimal expenses. Medium risk tolerance, weary of an impending recession.
My net worth is currently split up as follows:
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35% in a medium-risk tolerance Wealthfront Investment account
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26.5% in a medium-aggressive Schwab investment account (ETFs, stocks, bonds, managed by an advisor)
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10% in a US checking account (to auto-pay my US credit cards)
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28.5% in an overseas checking account
I'm planning on
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transferring Overseas Checking into the Wealthfront Cash Account (like savings, earns annual 2.24%, 1m FIDC insured)
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All of Schwab into Wealthfront Investment
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Then increasing risk tolerance by a bit on Wealthfront Investment
I'm very entry level at investing and, while I don't anticipate needing the majority of my wealth for 5-10 years, I am weary that we're due for a recession. I'm also considering reducing my investments and putting more into the 2% savings account.
Does having 1/3 in savings, earning 2.24% and then 2/3 in a medium (e.g. 6 out of 10) risk tolerance investment account make sense? Really keen to consolidate instead of having lots of different accounts.
Thanks!
edit: My Wealthfront investment account currently has about 30% in stocks,18% in foreign stocks, 12% in emerging markets, 7% in dividend stocks, 30% in municipal bonds.
Submitted March 06, 2019 at 03:02AM by Supurrnova https://ift.tt/2UmwXHT
