What Makes The Perfect Investment Portfolio?
Creating The Perfect Investment Portfolio
There are some key questions you need to ask yourself when you’re setting up the perfect portfolio. You must not rely on the information obtained from this blog alone of course. You must Consult a Cube Wealth Coach, though having pondered over the following questions will put you in a better position to have a more fruitful discussion.
How does my portfolio complement my short term, medium term & long term goals?
Am I prepared financially for possible emergencies?
Will this portfolio allocation help create long term wealth for me?
We have of course narrowed things down in such a manner that anyone using the Cube Wealth App can easily understand this. To this end we have created some buckets that serve the most crucial needs of any investor:
1) Emergency Funds Bucket
2) Protection Fund Bucket
3) Short Term Fund Bucket
4) Medium Term Fund Basket
This is for expenses that you may see but they are at least 3-5 years away. This could be for your college fee, a big down payment or even a fancy euro trip. Here you can take a few more risks and consult a wealth coach to get some unique benefits. A combination of equity and tax saving is a possibility here. You just need a top money manager to crunch the numbers for you.
5) Long Term Fund Basket
How To Build The Perfect Portfolio
If you’re seeking broad advice before consulting a wealth coach the following steps will help you understand what all a wealth coach will do in order to help you build the perfect portfolio.
Checking The Risk Factor: It is important to understand your risk appetite based on the buckets discussed above.
Diversifying Your Portfolio: While we all know we should keep our eggs in different baskets, a wealth coach helps identify which eggs are the best for our baskets.
Assessing Portfolio Balance: Assessing if your portfolio is balanced as per your goals is crucial for building a good investment portfolio.
Cube Wealth takes a balanced and patient approach to building the perfect portfolio. You can download the Cube Wealth App for free and check how close you are to the perfect portfolio in under a minute.