Investing is kind of like buying new shoes.
There are a thousands of options out there: running shoes, hiking shoes, dress shoes, and flip flops just to name a few. The right pair for you will depend on what you need them for, how big your foot is, and how much you want to spend.
There are thousands of options in the investment world too, from individual stocks and bonds, to mutual funds and ETFs, to managed accounts and automated platforms.
One question I hear a fair amount is, “with all the options out there, how do I know if my portfolio is right for me?”
Much like buying a new pair of shoes, the right portfolio for you matches your needs.
If you need new shoes to take your dog for a walk around the block twice a day, you probably won’t go out and buy ski boots. The same idea applies when investing.