skimm u·3 min read

SkimmU Money: Building Your Portfolio with Farnoosh Torabi

Sep 21, 2022

Farnoosh Torabi, Financial Expert and Editor at Large of CNET Money, joins us for our second SkimmU Money course. We dive into how to start building a strong (read: diversified) portfolio. Then, Fidelity’s Leanna Devinney joined for a panel discussion and audience Q&A. Runnin’ up that (money) hill.

Is now a good time to start investing?


Short answer, yes. Even if you put in a little money now (think: $10 per day), it can go a long way. Focus more on how long you plan to keep your money in the market. And try to stay strong when things aren’t looking so hot. What goes up must come down — and vice versa.

How do I build my portfolio for retirement?

We’ve said it before, we’ll say it again: it depends on your goals. If retirement is for you, a 401(k) is a good way to start. If you’re looking for a little more flexibility? A brokerage account might be your move. Different goals can benefit from different tactics.

I’ve heard about stocks, bonds, and crypto. So what should I invest in?

Thanks to tech, diversifying your portfolio is easier than ever. Companies or financial advisors can help you choose what (think: stocks or bonds) to invest in based on your goals and risk tolerance. theSkimm: Your portfolio can — and should — have more than one type of asset class.

More in this series

Course 1: Minding Your Mindset

In our first course of SkimmU Money, founder of The Fiscal Femme, Ashley Feinstein Gerstley, explains how to get your mindset right for your investing journey. Then, Fidelity’s Kelly Lannan joined for a panel discussion and audience Q&A. Mind on your money, money on your mind.

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Course 3: Investing for Later(ish)

Investing isn’t only about playing the long game. In our third SkimmU Money course Bola Sokunbi, Founder and CEO of Clever Girl Finance, told us all about investing for our short-term goals. Then, Girl$ on the Money’s Mabel Nuñez joined for a panel discussion and audience Q&A.

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Course 4: Feeling Crypto FOMO?

Maggie Love, Founder of SheFi, made investing in crypto a little less cryptic in our final SkimmU Money course. Then, Guidefi’s Charlene Fadirepo joined for a panel discussion and audience Q&A. We’re cashin’ out.

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