How to build the growth side of your portfolio with Billy Leung from Global X

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**Billy Leung** (1:30)
Cisco was a classic name where they were in the right time at the right spot. They were in the internet era. They were one of the best players. It was a structural theme. But if you invested that in around 1999 or 2000, you would have just broke even right now.
And the reason was because the entry level really, really matters. And price earnings ratio is just a number. You can be high, can be low, but it's all relative. You know, essentially, what are you paying for X? And that X, to me, is growth.

**Owen Raszkiewicz** (1:55)
How do you think about the valuation when you think about growth investments and trying to squeeze the lemon or trying to make more return?
Welcome to episode two of our Portfolio Construction Series. This is probably the most fun part because we're going to be talking about the growth part of your portfolio. How do you build that out? What's reasonable? What's not? We've got Billy Leung, absolute expert in ETFs and growth investing and technology. He's joining us for this episode and at the end, he's going to share some ETF names that you can pop on your watchlist. We've got so many examples to get through, but I have some really good educational questions to put to Billy to help you build your own portfolio properly. Hey there, here's a quick note. This podcast contains general financial advice only. That means it's not specific to you, your needs, goals or objectives. So don't act on the information until you've spoken with your financial advisor. You'll find our full disclosure, disclaimer and link to our financial services guide in the show notes.
Billy, how are you doing?

**Billy Leung** (2:55)
Good, how are you?

**Owen Raszkiewicz** (2:56)
Very good, mate. Very good to be talking about growth as an overall thing in a portfolio. Yes. I think this is, if we've got our series, this will be the episode that's most watched because I think that this is the stuff that people really like.

**Billy Leung** (3:11)
I hope so. I hope so.

**Owen Raszkiewicz** (3:12)
So no pressure.

**Billy Leung** (3:13)
Don't let us down, but no pressure.

**Owen Raszkiewicz** (3:15)
So we're going to talk a little bit about what goes into a growth portfolio, the mechanics of why growth happens. So like how does the growth actually occur? Why does it occur? And what should we be looking at? And then we're going to end with a few ETFs that we can pop on people's watch lists. My first question is, like most people, when they think about growth, they say, I want to achieve a return or something like this. But how does it actually occur? Like when you think about a good portfolio, I guess maybe I framed this the right way, is what does a good portfolio look like in terms of growth assets? And then we'll peel back a layer from that.

**Billy Leung** (3:51)
Yeah, so I mean, look, this is obviously, we can go very high level and we can go so really deep. I mean, on a high level, looking at a portfolio, which is maybe tilting more towards growth, it's essentially about asset allocation.