Create a portfolio
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A portfolio is very much like a document.  All your information is stored within this portfolio and can be copied to another computer or backed up easily.

Generally you will only need a single portfolio for yourself however sometimes you want to completely separate your information, or want to run a portfolio for someone other than yourself. 
When you first load Portfolio Manager, you will be prompted to create a new portfolio.  If you have already done that and wish to create another one, you can do so at any time by clicking on File | New portfolio.  Simply enter in the name of your portfolio.  Eg. your name.

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Note that you can also get to this dialog by loading a portfolio and clicking on 'Select...' and then on New portfolio.