November 07, 2023

Building Your Portfolio with Shannon Saccocia

45 minutes

You’re ready to invest, and you’ve got a lump sum waiting to be put to use. What do you do next? How do you buy individual stocks — and should you? In this episode, SoFi’s Head of Investment Strategy Liz Thomas is joined by Shannon Saccocia. Shannon Saccocia, CFA, is the Chief Investment Officer of NB Private Wealth (“NBPW”), a division of Neuberger Berman. Liz and Shannon talk about how to navigate the market, and ways to anchor yourself in your investment choices.

For more, read Liz’s column every Thursday at On The Money by SoFi, sign up for the SoFi Daily Newsletter, and follow Liz on Twitter @LizThomasStrat.

Notable mentions in the episode:

(00:00) - Intro

(05:00) - How would you invest $50,000?

(09:03) - Balancing between diversification and concentration

(14:56) - ETF vs. Mutual Fund vs. Individual Stocks

(22:23) - One simple rule: If you don’t get it, don’t buy it

(24:29) - Anchor a buy in your logic behind it

(25:58) - How do you think about interaction in a portfolio?

(29:05) - Delineating objectives in a portfolio

(33:57) - When is momentum investing useful?

(36:28) - The Hot Minute

(39:59) - Liz’ Takeaways

Additional resources:

SoFi Daily Podcast: 5-minute daily episodes covering the latest business, economic, and stock market news you need to start your day. The SoFi Daily Pod is available on Apple and Spotify, or wherever you get your podcasts.

SoFi Daily Newsletter: Sign up for the SoFi Daily to receive the latest financial news in your inbox every day.

Investing 101 Center: At SoFi, we believe investing is for everyone — which is why we’ve created a hub with info for beginners and experts alike. Start exploring to get investment education, advice, resources, and more.

Wealth Investing Guide: Information you need to know to make your money work harder for you.

Recommended reading:

What is Asset Allocation?

Guide to Building an Investment Portfolio for Beginners

How Many Stocks Should I Own?

What is Portfolio Management?

This podcast should be used for informational purposes only and not deemed as a recommendation. Our Automated investing is via SoFi Wealth LLC, and is a registered investment advisor. Our Active investing is via SoFi securities LLC, member FINRA/SIPC. For additional disclosures related to the SoFi Invest® platforms, please visit www. SoFi.com/Legal.

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