How Big Your Emergency Fund Should Be

By Alicia Adamczyk
Published April 23,2018

If you have a well-diversified portfolio (and what that looks like depends on your personal situation) and are ok with the risk, then some of your assets probably can stand in for an emergency fund. “Doing this is perfectly fine if your emergency fund makes up less than 20 percent of your taxable investments,” says Byrke Sestok, a Certified Financial Planner. “Above 20% you are probably taking too much risk.” You don’t need to have a pile of cash sitting in a savings account earning 0.01 percent interest or in a heap under your mattress.

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