Always start your investment path with a plan!
Knowing your goals and knowing how much risk you can accept is key to an effective, balanced portfolio.
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💥What is an investment portfolio?
An individual's investment portfolio is the collection of assets they own, including stocks, bonds, and cryptocurrencies.
Investing can be a great way to build long-term wealth, but figuring out where to start can be overwhelming. This is especially true when newer investment options like cryptocurrencies are introduced into the mix.
Building a personal investment portfolio is an important step toward achieving financial goals, and it requires careful planning and consideration of a number of factors. Let's take a closer look at some of the key considerations involved in building a personal investment portfolio.
💥 Assess risk tolerance in portfolio planning
Risk tolerance refers to an investor's willingness and ability to bear losses. For beginners, this means considering their end goals, current financial situation and their understanding of investment products, among other factors.
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