I am looking for information on building a portfolio of mutual funds and/or ETFs that will be more on the stable side. How can I begin this journey ?
This is for someone who is over 70 and lives in the US.
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RE: "building a portfolio of mutual funds and/or ETFs that will be more on the stable side"
I think the biggest thing to recognize here is that returns and risk (i.e. stability) are almost always correlated. That is, if you desire higher returns, then you are going to have to take on higher risk and vice versa, if you desire lower risk, then you are going to have to accept lower returns.
In a very low risk/very low return bucket would be entities like treasury bonds, or bank savings account/CD interest. These are about as safe as can be, but they are very limited in return -- today their return actually on average loses money vs. the inflation rate.
One can pursue greater returns if one is willing to take some more risk.
Truly, most recommendations of portfolio building includes holding a spectrum of securities, with their various risks & rewards; that is, your portfolio will include a percentage of so-called growth stocks, a percentage of established so-called income stocks, a percentage of bonds, and maybe even a percentage in plain old savings accounts. When one is younger (say 30 to 40 years from planned retirement), one wants to be a little riskier because of that possibility of more growth. When one is at or nearer retirement, one wants far more assurances that the money they have saved will be available when it is needed and hence accepts far less growth.
All in all, this is a deep and complex subject and posts on a Q&A website don't do it enough justice. And as the market has changed in the last 10-20 years, some of the old adages in this space have also had to change. Do some searches for "asset allocation by age" or "portfolio composition by age" or similar. If you come across concepts in those results that confuse you, come back and ask, but there are many resources out there to start you on the basics in this space.
Then you will need to start doing some planning -- how much you have to invest, the timeline, the goals, your personal tolerance for risk -- all these factor into your personal portfolio composition. You can do a lot of this yourself, but if it remains overwhelming, finding a good financial planner may help.
Really, it's simple: get some money, and buy shares in some ETFs.
If you don't know exactly what you're doing, but are investing for the long term, apply the KISS rule and buy:
Your age and the time span you're investing for will determine what percentage of money you allocate to each fund.
Some brokerages have a minimum account size, so that might be a factor in what brokerage you go with.
EDIT: Over age 70, and in the US... I would focus on capital preservation, via "Defined maturity date" bond funds.
Firstly you will need to choose a platform with which to do your investments.
If these are your very first steps, then It may be worth taking the next few months / year to invest a small amount on a platform you think will work for you and get the feel for how they work.
This may be your bank or a 3rd party platform.
Really, getting started is the biggest hurdle, and then you will learn from there.
Choosing a fund to invest in will be down to the research you do and your ethical / investment goals.