Idle hands...

solidpro

Does anyone else subscribe to the 'fire and forget' idea of long term s&s investing whereby the key is to leave it alone, don't deviate and let 'past results indicate future earnings' madness mentality of diversified global funds and yet log in at least once a week to see how much you've gained or lost since last week, month, year, etc?

I just can't help it. PPs, SIPPs and ISAs. I have portals for all of them. I log in and monthly add the today-value- into a spreadsheet, look at how one 'recommended' global diversified high-risk fund has compared to a slightly different one, and then essentially do my level best to forget about it all.

I feel if i just forgot about it all for 30 years, I'd probably come out 'OK' or 'not lost much against other choices I didn't make'. But it's quite addictive.

DannyCarey

Personally yes - I have absolutely everything in Vanguard... my SIPP, my ISA and my kids ISAs. I still track stop prices and other index movements, but FIRE is very boring until you have about 200k in the market, then it starts to move. 

DannyCarey

Stock prices * 
I can't seem to edit my post?

LHW99

Oh yes, weekly since the internet (at least since 2014!). Great fun.

solidpro

DannyCarey said:

...but FIRE is very boring until you have about 200k in the market...

What do you mean by 'FIRE'?

DannyCarey

Originally I thought you were referring to FIRE i.e. Financially Independent, Retire Early

i.e. aggressively bang everything you have into global index funds, save save save etc. 

Thumbs_Up

solidpro said:

DannyCarey said:

...but FIRE is very boring until you have about 200k in the market...

What do you mean by 'FIRE'?

Financially independent retire early.

I would wager anyone who has taken the “fire and forget” path was influenced by the monevator website.

https://monevator.com/page/2/

Albermarle

solidpro said:

DannyCarey said:

...but FIRE is very boring until you have about 200k in the market...

What do you mean by 'FIRE'?

Financial Independence, Retire Early.

It is a movement/lifestyle dedicated to these targets.

El_Torro

I tend to look at my investments more often than I need to. About once a month. Looking is fine, trying to tweak things every week to try to optimise your returns is not, down that road lies madness. 

I rebalance my portfolio (my ISAs and my pensions) once a year. For example my pension contains a global smaller companies fund so that tends to perform differently to multi asset funds. So I wouldn't say that I just fire and forget.

solidpro

Sometimes I'm tempted to switch funds when something has lost 4 figures but then think that it'd bounce back when others are going the other way. Or something. Essentially, I try to keep telling myself anything I think of has already happened by someone cleverer than me, and with any luck some of them are fund managers for funds that I own. So best left well alone. Can't help looking though.

DannyCarey

I trust the index process personally....he only reason I check values around once a month is to update my monthly net worth number and track my falling mortgage !