Building your ideal portfolio


In this article, John Reeves in Motely Fool discusses steps you can take to build your ideal portfolio. These steps are as follows:

  • Save your self thousands of dollars in financial advisor costs by doing it yourself. Note that this would require some effort on your part.
  • Create an investment policy statement (IPS) where you state your return objectives, risk tolerance, time horizon, and liquidity needs.
  • Consider market expectations in view of the investment policy statement (IPS) you created. This step entails considering your personal timeframe for investing and the amount of risk you are able to tolerate.
  • Pick the stocks based on the plans you have formulated.
  • Continually monitor your portfolio

Read the entire article at Motely Fool

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