Building an Investment Portfolio to Grow and Protect Your Wealth with Chris Doyle

This episode explores the complexities of building a diversified investment portfolio, addressing common investor anxieties and misconceptions. Against the backdrop of inflation and market volatility, the discussion highlights the importance of understanding personal risk tolerance and capacity before investing. More significantly, the conversation delves into portfolio construction, emphasizing diversification across asset classes (equities, bonds, real estate, commodities), geographies, and company sizes. For instance, the hosts debate the merits of simple, three-fund portfolios versus more complex, multi-asset strategies, acknowledging that even sophisticated investors employ varying approaches. As the discussion pivots to practical implementation, the hosts address the challenges of rebalancing across multiple accounts with different tax implications, advocating for a balance between optimization and simplicity. Finally, the episode touches upon emerging trends like direct indexing and the potential role of AI in financial planning, cautioning against over-reliance on AI tools while acknowledging their evolving capabilities.