The mission of "The Sensible Investor" is to provide an ongoing conversation for new investors that eventually makes investing boring. Yes, boring. Investing is an area of our lives that demands responsible decision-making, not YOLO bets. My hope with this podcast is that you discover fundamental principles about investing that help you not lose money while, building wealth for yourself and the future generations of your family. I hope you enjoy listening and thanks for tuning in! - Kenny Soto Note: I am not a financial advisor and this podcast was created for entertainment purposes only.
https://podcasters.spotify.com/pod/show/sensibleinvestor
episode 3: 03. Creating Your Portfolio & The Importance of Diversification
In this episode of the SIP, I talk about creating your portfolio.
You’ll learn why you should think about your portfolio mix BEFORE investing, what assets have low and high volatility, and how to think about rebalancing your portfolio.
Here’s the MIT Portfolio Management lecture that I found on YouTube. People paid to listen to this professor, we get to listen to him for free!
Books mentioned: MONEY Master the Game: 7 Simple Steps to Financial Freedom
Bonus: here’s Ray Dalio talking about correlation in a portfolio.
Investors you should know about: Burton Malkiel and David Swensen
Check out Joseph Carlson’s YouTube for great example of how to use M1 Finance for portfolio management. If you watch any video, comment saying “I found you via the Sensible Investor!” I’m trying to have him become my first guest!
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I’m active on Twitter, say Hi: @ThisisKennySoto
Or you shoot me a DM on Instagram: @KennySoto
If you’re thinking about investing and haven’t opened an account, I got you! Here are some of the brokerage accounts I use:
M1 Finance is a godsend for portfolio management. You’re able to create “pies” and “slices” that give you complete control over the percentages you set for your assets and asset classes. Rebalancing your portfolio is easy with this tool too! If you sign up using this link you get $30 deposited into your account!
Betterment is the brokerage I use for my individual retirement account. Whether you’re looking for a Traditional or a ROTH, this is THE account I recommend to all of my family members and friends who want to invest in the long term, they don’t want to pick and research individual stocks, and just want something that they can set and forget. I highly recommend this account. When you sign up for a Betterment account and fund it, we both get $5,000 managed for free.
And for those of you who want to get into cryptocurrency investing but, don’t know where to start—DON’T use Robinhood. Instead use Gemini. They allow you to buy cryptocurrencies and also lend out your investments to institutional investment firms so that you can also gain a yield on your money (yes, you can loan your money out too)! When you use this link, we’ll each get $10 USD of Bitcoin when you sign up.
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