In this bonus episode of the Money to the Masses podcast, Damien is joined by Kyle Caldwell, Funds & Investment Education editor at Interactive Investor. During their chat, they discussed the intricacies of building investment portfolios, focusing on key aspects such as diversification, asset allocation and the importance of understanding fund performance. This should not be considered financial advice or a personal recommendationKey insights from the episode include:🧩 Why getting your asset mix right is crucial – it could be the biggest driver of your portfolio's performance.💪 The power of diversification, spreading your money across different types of assets like shares, bonds, property, and even gold, to potentially weather different market conditions and how it's easy to overlook emerging markets.📊 Understanding how different investments correlate – which assets can be good at offering a different performance pattern to equities. 💯 They explored some well-known "perfect portfolios", how they’ve performed and how they might work for UK investors.⚖️ The concept of having a core set of reliable investments alongside some smaller, potentially higher-growth "satellite" holdings.🎯 Damien's own research into how many funds might be optimal in a sector.🔍 How often you should really be checking up on your investments and what to focus on when you do.💸 For those looking to generate income, we talked about building income portfolios and the potential benefits of investment trusts.📉 Damien and Kyle also touched on lower-risk options like money market funds, which have become more attractive recently.🇬🇧 And the renewed interest in UK government bonds (gilts) as a potential portfolio stabiliserCheck out Interactive Investor's Managed ISAThis discussion is provided for educational and informational purposes only and should not be considered a personal recommendation. You should not rely on this information to make (or refrain from making) any investment decision, if you are unsure about investing, please speak to an authorised financial advisor for your own particular circumstances. The tax treatment depends on your individual circumstances and may be subject to change in the future. Funds invest in shares, bonds, and other financial instruments and are by their nature speculative and can be volatile. You should never invest more than you can safely afford to lose. The value of your investment can go down as well as up so you may get back less than you originally invested. Please note past performance is no guarantee of future results.---------------------------------------------------------------------------Since 2010 Money to the Masses has been helping people with their personal finances for FREE. Money to the Masses is one of the UK’s leading independent personal finance websites specialising in all aspects of financial planning including investments, pensions, property, insurance, mortgages, budgeting and saving. We bring together expertly written content, interactive tools and technology to help over 4 million people a year across our platform.If you are looking to get your finances in shape then check out Damien's FREE Money MOT at https://mot.moneytothemasses.com/---------------------------------------------------------------------------Follow Money to the Masses on social media:Website - https://moneytothemasses.com/Facebook - https://www.facebook.com/moneytothemassesInstagram - https://www.instagram.com/moneytothemassesTwitter - https://twitter.com/money2themasses#personalfinance #moneytips #interactiveinvestor