Building Your Mutual Fund Portfolio at 40

At age 40, you have about 15-20 years until retirement, which is a good amount of time to build your wealth.

Experts say you should think of retirement as a separate goal and not just part of your overall investments.

You should put most of your money into stocks (equity) for long-term goals, but also have some in safer investments (debt) for short-term goals.

Gold can also be a good addition to protect against inflation.

It's important to diversify your investments across different types of stocks and to increase your regular investments as your income grows.

You should also have an emergency fund and insurance to avoid having to take money out of your long-term investments.

Finally, review your portfolio once a year to make sure it's still on track.