Howdy Wall St. Willy! On TV I heard about a portfolio but, what is portfolio anyway?
Everything you invest in, is collectively called your portfolio. For example, if you have invested in stocks, bonds and real estate, together they form your portfolio.
But, how do I decide what’s in my portfolio?
This depends on your asset allocation based on your age, savings, risk tolerance etc. But we covered this in detail when we talked about asset allocation.
But can someone help me with creating a portfolio if I think it’s hard?
Yes, you can get help from a financial planner or you can create it yourself by learning more about investing through the videos of Easy Peasy Finance.
That’s exactly what I’ll do! Anyway, how many asset classes can be in my portfolio?
There’s no limit to how many asset classes can be in your portfolio. The number of asset classes is decided by your asset allocation. But, even with one asset class, it’d still be a portfolio.
But, in general you should have multiple asset classes in your portfolio so that you are well diversified. But we covered this before when we talked about diversification.
Thank you very much for telling me about a portfolio, Wall St. Willy.
You are welcome, Sooper Cooper. Remember, Finance is Your Friend!
Podcast: What is a Portfolio?
Fun, informative and concise episodes by a 10-year old, breaking down complex financial concepts in a way that kids and beginners can understand. Episodes cover personal finance topics like saving, investing, banking, credit cards, insurance, real estate, mortgage, retirement planning, 401k, stocks, bonds, income tax, and more, and are in the form of a conversation between a cowboy (a finance novice) and his friend, a stock broker. Making finance your friend, only at Easy Peasy Finance.
A little bit about me: I have been fascinated with the world of personal finance since I was 6! I love to read personal finance books, and keep myself updated on the latest by reading various personal finance magazines. My friends often ask me questions about finance because they find it complex and intimidating. That’s what inspired me to start my YouTube channel called Easy Peasy Finance when I was 8, and this podcast 2 years later.
Everything you need to know about a Portfolio: What is a Portfolio, how do you decide what’s in your portfolio, can someone help with creating a portfolio, how many asset classes can be in your portfolio, and more.
Show notes and transcript at: https://www.easypeasyfinance.com/what-is-a-portfolio/