Decoder · The big picture

Portfolio

Everything you hold across all your accounts, counted together — the 401(k), the IRA, the stray brokerage account, the cash. Fund choices are made inside accounts, but risk is felt at the portfolio level: three accounts each holding 'a fund' can still be one bet if all three funds hold the same things.

For your first $100: With your first $100, your portfolio is a seed, not a garden. The word matters later, when accounts multiply and you need one view of all of it.

Investing, in plain words Order of operations, in plain words Pay yourself first, in plain words

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See this word inside your order