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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If you’d like a shoutout on the podcast OR you want to submit an idea for future episodes, fill out this form: https://www.sensibleinvestor.club/new-topics

Want to support this podcast? Share it with your friends by sending them this link: Anchor.fm/sensibleinvestor

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.

Getting started in your investing journey mainly requires 3 things:

• Capital
• A regular cadence in which you'll use the capital
• And the right amount of capital relative to your budget

In this episode, I talk about using 10% of your paycheck for your investments and how to leverage the technique of dollar-cost-averaging so that you can learn to deal with volatility.

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Here's a resource on sunk-cost fallacy explained…(this is in reference to the concert scenario I shared). Keep this in mind if you want to be a short-term investor/day trader.

Books mentioned:

"The Richest Man In Babylon" by George S Clason

“Charles Schwab's Guide to Financial Independence: Simple Solutions for Busy People” by Charles Schwab

If you’d like a shoutout on the podcast OR you want to submit an idea for future episodes, fill out this form: https://www.sensibleinvestor.club/new-topics

Want to support this podcast? Share it with your friends by sending them this link: Anchor.fm/sensibleinvestor

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:

Robinhood is a great account to get if you’re looking to invest in single stocks (they also have access to a lot of Chinese/international stocks that are not available on other platforms). You get one free random stock when signing up using this link.

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. Gemini allows you to buy cryptocurrencies and also lend out your investments to institutional investment firms. You get the chance to gain a yield on your money (yes, you can loan your money out)! When you use this link, we’ll each get $10 USD of Bitcoin when you sign up.

“The best time to plant a tree was 20 years ago. The second best time is now.” – Chinese Proverb

In episode one of this podcast, I talk about why I am even doing this project and what the Sensible Investor Podcast is.

This podcast is for anyone who is new to investing, looking for new strategies, or for anyone who is thinking about doing but still hasn't started.

If you’re thinking about investing and haven’t opened an account, I got you! Here are some of the brokerages I use:

Robinhood is a great account to get if you’re looking to invest in single stocks (they also have access to a lot of Chinese/international stocks that are not available on other platforms). You get one free random stock when signing up using this link.

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!

Acorns is the best investing account for anyone who just wants to start with small amounts of cash. They have a round-up feature that lets you invest money from all of your transactions from other bank accounts, rounded up to the nearest dollar. It’s one of my earliest accounts.

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.

Resources mentioned:

• The first investing book I ever read ➡️ "Charles Schwab's Guide to Financial Independence: Simple Solutions for Busy People"