How to Build a Portfolio in 2024: A Comprehensive Guide

✅Diversification is a key objective when building a portfolio - spread your investments across various asset classes and geographies to manage risk.

📈An all-in-one ETF like xqt offers a simple and affordable way to achieve diversification and exposure to top assets. Consider it as a beginner investor.

🔍Building your own ETF portfolio gives you more control over asset allocation. You can choose funds based on specific sectors, industries, or regions you believe have potential.

💼Consider your risk tolerance and investment goals when deciding between an all-in-one ETF and building your own portfolio. Seek professional advice if needed.

🔄Regularly rebalance and reallocate your portfolio based on market conditions and your investment strategy. Stay informed and adapt as needed.

What is the best way to diversify my portfolio?

—The best way to diversify your portfolio is by spreading your investments across different asset classes, such as stocks, bonds, and real estate, as well as different regions. You can achieve this by investing in ETFs that provide exposure to various sectors and geographies.

Should I choose an all-in-one ETF or build my own portfolio?

—The choice between an all-in-one ETF and building your own portfolio depends on your preferences and investment goals. An all-in-one ETF offers simplicity and affordability, while building your own portfolio gives you more control and customization options.

What fees should I consider when investing in ETFs?

—When investing in ETFs, consider the management expense ratio (MER) and any trading fees. Look for ETFs with low MERs to minimize costs. Some brokerages also offer commission-free trading for select ETFs.

How often should I rebalance my portfolio?

—Rebalancing your portfolio depends on your investment strategy and market conditions. Some investors rebalance annually or quarterly, while others do it more frequently. Regularly monitor your portfolio's performance and adjust your holdings as needed.

Should I seek professional advice before building my portfolio?

—It's always a good idea to seek professional advice if you're unsure about building your portfolio. Financial advisors can provide personalized guidance based on your financial goals, risk tolerance, and investment knowledge.

00:00In this video, we discuss how to build a portfolio in 2024 as a beginner investor.

01:13Diversification is a key objective when building a portfolio to manage risk.

02:43Consider an all-in-one ETF like xqt for a simple and affordable way to achieve diversification and exposure to top assets.

04:26Building your own ETF portfolio gives you more control over asset allocation, allowing you to choose funds based on your beliefs and preferences.

06:29Consider your risk tolerance and investment goals when deciding between an all-in-one ETF and building your own portfolio.

08:09Regularly rebalance and reallocate your portfolio based on market conditions and your investment strategy to stay on track.

09:34Investing in ETFs that provide diversification and exposure to different sectors and geographies is a good way to build a portfolio.

10:57Consider the management expense ratio (MER) and any trading fees when choosing ETFs to minimize costs.