Press your lips together to stop the air, then release. No vocal cord vibration.

Americans pronounce portfolios as port-FOH-lee-ohz (/pɔrtˈfoʊliˌoʊz/). Stress falls on the second syllable — keep everything else short and quick. You'll hear it in sentences like "Stock market volatility has investors concerned about their portfolios".
Record yourself saying "portfolios" and play it back. The mic stays on your device — nothing's uploaded.
4 syllables, 9 sounds. Tap a syllable to jump to its row, then explore each sound's mouth shape and how it's made.
Press your lips together to stop the air, then release. No vocal cord vibration.

Start with the 'aw' jaw drop and rounded lips. Pull the tongue back and up while keeping the lips rounded for the R.
Touch the tip or front edge of your tongue to the roof of your mouth just behind your teeth. Keep your jaw relaxed. Stop the air, then release with a puff.

Place the tip of your tongue against the alveolar ridge just behind your top front teeth, the same contact point as /t/, /d/, and /n/. The difference is what happens to the air: for /l/, you let it flow continuously around the <em>sides</em> of the tongue (that's why /l/ is called a lateral). Turn your voice on the whole time. Lips stay relaxed, no rounding or flaring. For the Dark L variant at the end of a syllable, also pull the back of the tongue up and back toward the soft palate.

Pull the corners of your lips back slightly. Arch the middle-front of your tongue high toward the roof of the mouth.

Click any sentence to see the full breakdown — every link, every reduction, every flap-T.
The textbook way isn't wrong — it's just not how anyone actually says it.
In "portfolios", the "t" is not released — the articulators get into position but hold without the burst of air. Air stops but there's no release burst — the articulators hold position.
Stress falls on the second syllable, not the others. Stretch FOH — keep everything else short and quick.
Americans use a relaxed retroflex R — the tongue curls back rather than rolling. The R is one continuous sound with the vowel before it, not two separate sounds.