Do you monitor your pension position daily?

OldMusicGuy

I might monitor the %age movement of my funds maybe once or twice a week just to get a sense of what is happening and to see if they are behaving as I expect, but I don't look at the monetary value anymore than monthly. It took me a while to get out of the constant value checking (which induces anxiety) and also being tempted to switch because I would hear on MSE about great opportunities for funds that I was missing out on. I now have a strategy and am sticking with it, so far everything is turning out pretty much as I hoped and I am actually ahead of where I planned to be.

michaels

I have loads of information in my life and what I do is figuring out which bits are actionable.

As at most I will rebalance my portfolio annually I only need information annually.  Any extra information just diminishes my bandwidth to identify and process actionable information.

Costabit

Heisenberg01 said:

Ps hope the Reddit/ gamestop bunch all catch anal warts.

If it makes you feel better
If any of the Reddit/Gamestop bunch you mention, bought at $350 on 27th Jan will now be selling at $41.
They might consider it worse than catching warts.

Murphy_The_Cat

dunstonh said:

Do you monitor your pension position daily?

No.  That would be a silly thing to do and would only lead to anxiety...............................  

Then slap my buttocks and call me silly

I check my pensions values each day to keep "the master spreadsheet" updated.

Personally, I prefer to know what is what, rather than having to make a wag.

cfw1994

dunstonh said:

westv said:

dunstonh said:

Do you monitor your pension position daily?

No.  That would be a silly thing to do and would only lead to anxiety and the potential of poor decision making.

Why assume the one will always lead to the the other?

People who check their values daily are generally anxious. Why else would they check them otherwise?
Anxious people tend to make decisions that may not be in their best interests unless they get people telling them otherwise.

There are always exceptions to generalisations.  But why check the value daily when you are looking at multi-decade periods of investing.  Some will be investing for 70 or more years.

Or just interested, perhaps!
From last Jan, when I considered giving up the day job last May-June, I checked about weekly. 
As Covid hit, I checked daily: I learned a lot about the behaviour of my 4 main pots through what, yes, *could* have been a stressful/anxious time....but for my part, it was driven through interest.  How sad am I - I find this stuff interesting!
Now I'm on the final run, I am checking most days. 
Apologies that you feel this is a silly thing to do!

I "document" the changes weekly, & that in itself is useful information: should the markets crash next week or month (& they could, of course!), I can see how even a 20% hit would really only drop me back to how things were last May. 
That knowledge in itself it pretty 'empowering', & therefore, relaxing!

Is it a waste of time?   Probably!   That said, this year hasn't offered massive chances to crack on with other things, eh!

Then slap my buttocks and call me silly 

Heh heh heh - me too, Blackadder!

Thrugelmir

I track the news daily on the investments in my portfolio and follow broader events.  However don't concern myself overly with individual daily price movements. Use alerts to monitor exceptional movements. As a lot can happen in a single trading session that goes unnoticed. 

Ant555

TVAS said:

You said it you are not a stocks and shares person so I have to ask why your pension is in stocks and shares? Reading between the lines you seem to be an inexperienced investor 

I meant to say I was not used to checking prices regularly like I imagine many shares investors do, so checking my pension regularly and not just when the annual statement hits the doormat is a new experience.  I have what I think is a sizeable chunk that accounts for two thirds of my pension money in an Allied Dunbar, now Zurich PP started in March 1989 but not paid into for years, and I dont remember ever changing where the money is invested - I may have suggested its invested in Shares but I think my terminology should have been  'pension fund holdings' and for example one of the five is Zurich Managed AP GB0004061817  .  Not a lot I can do about the past but I am looking to see what I can do about the future.
Thanks to all that have replied so far - its incredibly useful to pick over other peoples strategies.

Bimbly

I didn't look at all last year because the markets were having a wobbly and I didn't want to watch!

I make note of how things are doing once a year in a spreadsheet. Other than that, I take a sneak peak occasionally. I've been looking quite a lot recently as I've been doing some fund research and I have to log on first. If I make any changes (eg, increased contributions), I'll log on to make sure it's all happening as planned. I tend to enjoy looking, but hopefully I'll get bored  soon and not bother to check again until December.

LHW99

I update a spreadsheet once a week, but I did watch the wobbly markets almost daily - hoping for a good opportunity to top some holdings up. Only a couple of things actually got to the point where I wanted to jump in though.

Steve182

I tend to look at mine daily when markets are favourable and stop looking frequently when they are not. That way I get maximum satisfaction and minimum stress!

If you're invested in individual shares it's more important to keep an eye on what's going on from time to time, if you're in funds, much less so.