Portfolio management is the process of selecting and managing a group of investments that meet specific financial goals and risk tolerance. This can include a diverse range of assets such as stocks, bonds, real estate, and commodities. The goal of portfolio management is to maximize returns while minimizing risk by strategically allocating resources across different types of investments. This involves continually monitoring and adjusting the portfolio to ensure it remains aligned with the investor's objectives and market conditions. Portfolio management is a key component of financial planning and wealth management for individuals, institutions, and investment funds.