Define the investment objectives and risk tolerance for the portfolio.

Determine the asset allocation strategy, specifying the target percentages for each asset class $($e$.$g$.,$ stocks, bonds, cash$).$

Research and select specific assets $($e$.$g$.,$ stocks, bonds, ETFs$)$ within each asset class, considering factors like industry, geography, and market capitalization.

Allocate capital according to the target asset allocation percentages.

Present a report outlining your portfolio construction rationale and the chosen assets.