Now that you have learned about the different types of investments, it’s time to put your knowledge to the test and start building your portfolio.
In this episode, Zacc Call and Laura Hadley talk with Rich Gurr, CFP®, on the show to discuss not just how to set up your investment portfolio, but how to avoid the common mistakes beginner investors tend to make.
Rich discusses:
- Why risk capacity should be the deciding factor on how you invest your money
- The first steps you should take when creating an investment portfolio
- The risks of becoming emotionally tied to a certain type of investment
- The 70/30 rule and how to use it in your portfolio
- And more
Related: Understanding the Complexity of Funds with Tim Gottfredson