Today's investment
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Re: Today's investment
I think your advisor is right
Buying index funds is a long term game.
On average you make 7 % a year
But you can lose lots in short term, just keep thing about the long term, if we live that long
Seriously, the markets went up far to much in the last years and now I expect lower performance for the next couple of years, hope not a crash
Buying index funds is a long term game.
On average you make 7 % a year
But you can lose lots in short term, just keep thing about the long term, if we live that long
Seriously, the markets went up far to much in the last years and now I expect lower performance for the next couple of years, hope not a crash
Re: Today's investment
Thanks for pointing this out. I was actually already very well aware of everybody's recommendation NOT to check the portfolio too frequently.
Yet I check it many times every day. More because I'm a data nerd, rather than I care about finances.
Perhaps I should stop....
Yet I check it many times every day. More because I'm a data nerd, rather than I care about finances.
Perhaps I should stop....
- Eric7
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Re: Today's investment
It's difficult, especially with crypto where it can easily swing 5% in a matter of minutes.Alberto wrote: ↑Wed Jan 15, 2025 9:42 am Thanks for pointing this out. I was actually already very well aware of everybody's recommendation NOT to check the portfolio too frequently.
Yet I check it many times every day. More because I'm a data nerd, rather than I care about finances.
Perhaps I should stop....
When the seagulls follow the trawler, it's because they think sardines will be thrown into the sea.
Re: Today's investment
it may well be difficult not to keep monitoring often, but that's not the reason I continue doing it.Eric7 wrote: ↑Wed Jan 15, 2025 10:08 amIt's difficult, especially with crypto where it can easily swing 5% in a matter of minutes.Alberto wrote: ↑Wed Jan 15, 2025 9:42 am Thanks for pointing this out. I was actually already very well aware of everybody's recommendation NOT to check the portfolio too frequently.
Yet I check it many times every day. More because I'm a data nerd, rather than I care about finances.
Perhaps I should stop....
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Re: Today's investment
My investments are going up and down all the time, why bother to check on a daily basis ?
I sometimes check every day and sometimes not for months.....
Not sure what drives my actions.
I kinda believe in the 7 % rule on average, so not much point to check, until I go into the draw down phase of my life, being careful not to draw to much is worth while checking. I would like to draw down at some point so I am not the richest person in the graveyard.
If I am investing in individual stocks, I do check more often, because the gains and losses can be more noticeable and I might not see it if I am slow.
I sometimes check every day and sometimes not for months.....
Not sure what drives my actions.
I kinda believe in the 7 % rule on average, so not much point to check, until I go into the draw down phase of my life, being careful not to draw to much is worth while checking. I would like to draw down at some point so I am not the richest person in the graveyard.
If I am investing in individual stocks, I do check more often, because the gains and losses can be more noticeable and I might not see it if I am slow.
- bethannbitt
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Re: Today's investment
Exactly what my advisor says. "You've been in it for the long haul and it's worked out beautifully. A monthly check-in is fine and don't sweat it."