Hi community I guess this is a portfolio review in sorts. So I have a very simple portfolio 80/20 VWCE/EUNA (for the American folks basically VT/BND) and I also have around 14 salaries in a MMF since I am expecting a baby and want to have all the expenses covered. So my dilemma is do I count the cash savings as part of my bonds allocation when investing new capital e.g don’t buy more bonds just stocks or they are separate things and I should continue buying bonds as well as stocks? What are the risks and pitfalls that I am missing? My plan is when the baby is born and if everything went well to invest the cash savings after about 2 years. Also my country has socialised medical services so this money are mostly for other expenses - the birth itself will be around 1/4 of a salary but some stuff aren’t covered like MREs and so on - hopefully we won’t have to do that. Meaning that if everything goes well we will basically keep the vast majority of those money and after 2 years we plan to lower our cash savings to around 6 months of expenses.
Thanks!