building your portfolio
in the intro to investing video we discussed the difference between short-term and long-term goals
and the difference between saving and investing if you didn't get to watch that video we encourage
you to watch it before continuing in this video we'll be discussing setting your investment goals
choosing an investment strategy and basic research tips to build your portfolio
pull out your list of long-term financial goals that you created during the intro to investing
video and let's begin investing goals may include investing for a life event like college a wedding
or purchasing a home retirement generating income or wealth preservation trying to hedge against
inflation it's important to choose the right investment strategy to align with your goals
an investment strategy is a plan designed to help you achieve your investment goals
strategies depend on factors including risk tolerance and your values such as sustainable
investing risk tolerance is the measure of how much of a loss you are willing to take
on within your portfolio a person's age income and comfort level all play into determining their
risk tolerance for example a person in their 20s might have a higher risk tolerance than a
person in their 50s when building a retirement portfolio since the younger individual has more
time to recoup possible investment losses before reaching their goal of retirement
we will be discussing risk tolerance in more detail in the assessing risk video aligning your
investments with your personal values may also factor into your investment strategy
sustainable investing is a term for investments that seek both positive financial returns
and a positive long-term impact on our society we will be reviewing a list of new
day sustainable investments to choose from later in the video now on to research tips
let's dive into some tips for researching stocks on yahoo finance and in your own trading portfolio
you can navigate to this website by typing in finance.yahoo.com into your web browser a great
place to start is hovering over markets and clicking on stock gainers or stock losers
you can sort the chart by clicking one of the top columns
another way to do your research is by industry next to personal finance click the three dots
and you can go straight to the tech industry or you can click industries
now you can complete a stock screener delete the first column and add in any sector you're
interested in let's say i'm interested in the technology sector and i can even sort by industry
so if i'm interested in consumer electronics and information technology services i can put that in
we currently have stocks that are traded on the nasdaq and the new york stock exchange
so you can leave that and click find stocks
nasdaq cnbc and google finance are some other websites that can assist you with your research
another great asset for research is the news feed tab in your trading portfolio
the portfolio is provided with a direct cnbc news feed which helps
you stay on top of current market news and provide investment ideas
if your team is interested in sustainable investing hover over resources and click new
day sustainable stocks or navigate to the enter a trade page to see their list of 100 companies
select a company from the list and navigate to their sustainability website to learn more
question to consider what is your investment goal how would you describe your investment strategy
thank you for watching