Why should you create an investment portfolio?

If you save up over many years, you won't earn enough interest to cover the increasing cost of living. When your cash fails to keep up with inflation, it loses relative value and you'll end up with less buying power. Investing ensures present and future financial security. It allows you to grow your wealth and at the same time generate inflation-beating returns. You also benefit from the power of compounding.

Your portfolio might include any combination of financial assets, such as stocks, cryptocurrencies, bonds, mutual funds and exchange-traded funds (ETFs). Keeping track of all these assets can be a challenging, if not daunting, task. It's important to routinely know what’s going on with all your investments—not just once a year when you get your tax forms.