5 steps to start building your portfolio now

There are a variety of reasons why you may be investing in ASX shares. It could be to save for retirement or to grow your wealth. You could also be investing to provide long-term financial security or to benefit from social trends you observe.

Regardless of the reasons why, building your portfolio will provide greater resources for your end goal. That’s why investors in ASX shares seek to increase the value of their investments over time. A larger portfolio means greater assets that can be used to fund a more comfortable lifestyle.

The size of your ASX share portfolio is a function of the amount invested, movements in share prices, and what you do with any returns received. You can’t influence share prices, but you can decide…