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What is an Investment Portfolio and How Do I Build an Effective One?

You’ve probably heard just how important investment portfolio management is when it comes to planning for a successful retirement . . . but what does that even mean? You don’t have to be a financial advisor to dive into types of portfolios or even to know how to create a portfolio. But if you’re a bit intimidated by the idea, you’ve come to the right place. Today we’re diving into the world of investments, types of portfolios, and even how to create one. 

What Is a Financial Portfolio?

A financial portfolio is a grouping of stocks, bonds, real estate, gold and other types of assets owned by an individual. All of these assets make up your financial portfolio and have the ability to provide you with income during your retirement. 

Types of Portfolios

Investing your money will always involve a level of risk. The amount of risk you’re willing to take is called “risk tolerance.” Usually, the closer you are to retirement age, the less risky you want to be with your investment strategy. The further away from retirement you are, generally the more room you have to take bigger risks. That’s why building a well-diversified financial portfolio is the key to investing wisely. Here are some of the most common types of investment portfolios:


You might be interested in this type of portfolio if your risk tolerance is high. Maybe you’re just starting out on your investing journey and you’re interested in finding ways to get bigger returns on your money. For example, this may look like putting most of your money into stocks and a small percentage into bonds.


You might be interested in the conservative type of portfolio if you’re pre-retirement or even just entering into retirement. Your financial goals are short-term and your risk tolerance is low. This type of portfolio is also known as the defensive portfolio. This may look like putting most of your money into bonds and a small percentage into stocks.


You might be interested in the income portfolio if you’re looking for an investment strategy that will replace your income in retirement. Your risk tolerance with this type of portfolio is lower, but can vary based on your timeframe. This may look like putting all of your money into bonds, going 80/20, or 70/30. 


You might be interested in a balanced type of portfolio if your risk tolerance is neither low nor high. You’re probably in the middle of short-term and long-term goals as well.  

How to Create a Portfolio

1. Work with a seasoned wealth professional.

This may sound like a no-brainer, but working with a financial advisor will be huge as you work towards creating a financial portfolio. They can help you take the big picture of your retirement dreams and set small financial goals to get there. 

2. Determine how much risk you’re willing to take. 

This step is key to figuring out the type of portfolio you want to create. If your risk tolerance is high and you’re pretty far away from retirement, you might lean more towards creating more of an aggressive portfolio. If your risk tolerance is low and you’re closer to retirement, you’ll probably want to be more careful about your investments. 

3. Diversify with stocks, bonds, and mutual funds.

That’s why diversification is so important. When you diversify your money between stocks and bonds, real estate, and other types of assets like gold, you’ll have different levels of return (and risk). The more you spread out your investments, the better.

4. Stay the course.

Life and the economy are unpredictable. Investing is a long game. No matter if we’re facing a bull or bear market, keeping your investments in one place will give them more of a chance to grow over time. 

No matter where you are on your investing journey, we can help. Reach out to a SageSpring Wealth Partner today. We’d love to help you on your journey to building the most suitable financial portfolio for your goals. Find your SageSpring financial advisor today.

Any opinions are those of SageSpring Wealth Partners and not necessarily those of Raymond James. The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation. All opinions are as of this date and are subject to change without notice. Investing involves risk and you may incur a profit or loss regardless of strategy selected, including asset allocation and diversification.  Past performance is not indicative of future results. 

Jeffrey Dobyns
Jeffrey T. Dobyns


President, SageSpring | Financial Advisor, RJFS 

Jeffrey T. Dobyns

President, SageSpring | Financial Advisor, RJFS

Jeff Dobyns is President and Founder of SageSpring Wealth Partners. Passionate about serving his clients, he strives to truly get to know them, understand their goals, and provide them with financial confidence before developing and executing ongoing, strategic financial plans. 

In order to meet the highest standards of professionalism and ethics in the industry, Jeff is a CERTIFIED FINANCIAL PLANNER™ professional, a Chartered Life Underwriter, a Chartered Financial Consultant, and a participant of the Dave Ramsey SmartVestor referral service program.

Jeff has held executive positions with financial planning firms for more than two decades. He served as VP of Investments of Lykins Financial Group CPAs before founding SageSpring in 2002. Jeff has been recognized for his unwavering commitment to his clients, and as a leader among Raymond James financial advisors, earning membership in Raymond James Chairman’s Council every year since 2008.

Jeff devotes considerable time and resources to a number of causes. He serves as Chairman of the Board of Men of Valor, a prison ministry and mentoring program. He is on the advisory board of The Signatry of Middle Tennessee, which works with families to increase their charitable giving to their favorite causes, as well as the advisory board for Halftime Institute of Nashville, an organization that coaches marketplace leaders to discern and engage in their life purpose. Jeff also serves on the board of Send Musicians to Prison, which shares hope, healing and restoration with the imprisoned through musicians & artists. He is a past board member of Porter’s Call, a Nashville charity that provides free counseling for musicians and their families, and the Martha O’Bryan Center, which empowers those in poverty to transform their lives through work, education, employment, and fellowship.

Jeff and his wife, Amy, are grateful to be raising their four children, Gracyn, Hunter, and twins Tanner and Logan at Christ Presbyterian Academy. Jeff enjoys being outdoors with his family- boating, hiking, skiing, hunting and fishing.

Ramsey Solution’s relationship and agreement is between SageSpring Wealth Partners only. Raymond James Financial Services, Inc. is not affiliated with the solicitor arrangement between Ramsey Solutions and SageSpring Wealth Partners.

Membership is based on prior fiscal year production. Re-qualification is required annually.  The ranking may not be representative of any one client’s experience, is not an endorsement, and is not indicative of an advisor’s future performance. No fee is paid in exchange for this award/rating.

Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, and CFP® (with plaque design) in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.