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Tips for not obsessively checking investments

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Comments

  • boingy
    boingy Posts: 1,950 Forumite
    1,000 Posts Second Anniversary Name Dropper
    I check much more often when the markets are going up. In downturns I switch off and try to ignore it. 
    The joys of being human....
  • Eco_Miser
    Eco_Miser Posts: 4,922 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Vitor said:
    Checking daily is like weighing yourself after every biscuit. It doesn’t change the outcome, just your mood.
    I weigh myself daily, and check my investments monthly.
    In both cases I note that the number is up/down as I record the data, then just continue my life. 
    Eco Miser
    Saving money for well over half a century
  • chiang_mai
    chiang_mai Posts: 248 Forumite
    Eighth Anniversary 100 Posts Name Dropper Combo Breaker
    I also review my SIPP holdings daily, sometimes to check on performance, sometimes to see if I can look at things differently and to see if there's anything I've missed. Manmy times I'll look to see if I can correlate the news to my portfolio performance. But those things don't mean that I act and make changes frequently, I have a strict hands off policy except once a month when I'm allowed to adjust, if necessary. I don't think that's necessarily a bad thing, to have that level of interest, I don't think I'd term it compulsive, I have time on my hands and am interested in the subject.
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