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Something that is not mentioned: The psychological burden when you check your portfolio multiple times a day. It can become an addiction akin to sports betting
by baxtr 1y ago
Something that is not mentioned: The psychological burden when you check your portfolio multiple times a day.
It can become an addiction akin to sports betting. Your mind is constantly occupied by the market and how it’s going. It takes a heavy attention toll on anything other you want to focus on.
I have learned my lesson. I buy the index and look at my portfolio 1-2 times a year and focus my mind on other things.
- max_ 1y agoI had the same problem so i just built a custom dashboard that only updates my portfolio once a day (at 6:00 am)
- deleted 1y ago[deleted]
- jancsika 1y agoYou just did it in the wrong order: 1. Buy the index 2. Check your portfolio multiple times a day Now it's less like gambling and more like being entertained looking at your fish tank.
- alwa 1y ago1) buy the index (and maybe some bonds) 2) find the friend, colleague, or housemate who’s a degenerate market gambler 3) let their Hot Picks and Levered Options serve as your fish tank. Complete with the roller coaster of (their) emotion!
- Waterluvian 1y agoI present the Waterluvian Investment Strategy: 1) buy the index 2) set up monthly deposits into it 3) forget it exists 4) get an annual report 5) try to feel smart, only foiled by the fact that it was 11pm and you didn’t know where your money was 6) GOTO 3