What's a good percentage of cash to keep in your portfolio?

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The minimum. It may be 50% or it may be 5%. Don't hold more than you need (emergency fund and upcoming purchases).

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This. Personal finance is personal. Take into account how risk averse you are and apply it to your EF (I.e. high do 3 months or less of expenses. Low do 6 months or more) and add purchases.

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Whatever percentage you need to have an adequate emergency fund.

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I read this as percentage of cash to keep in your portfolio to buy dips. Seems others read this as percentage of cash to keep for emergencies.

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You're correct.

Whatever you think you'll need in the next 2 or so years should be in cash or cash-like assets (e.g. money market). Emergency fund, down payment, tax payments, etc.

As little as possible.

I should've been more clear, sorry. My emergency savings account is already fully funded. Plus, I DCA invest. I meant for times when the market takes a dip. Not timing the market, but seeing what's reasonable to keep in cash for when I can invest "at a discount price". I still plan on DCA.

That percentage should be 0% in my opinion

Zero is good. It may not be workable but its good.

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