No that would be an arduous thing to do because you will monitor and manage those 10 wallets at a time, which also could even cause confusion like mixing up your passphrase or something. However, I'd say that is very effective if you are extremely cautious with your funds. In my opinion, if you think that you are not holding a vast amount of Bitcoin perhaps you could place them in just one wallet by that way you could also save some fees upon getting them out but if you hold a vast amount of it then I would understand of creating multiple wallets for you to store.