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Stocks & Shares ISA
So i bought £10,000 vwrp on the Trading 212 app in September i have been adding £50pw. My average price is £144.62 per share (pretty high) currently showing minus £443 should i ignore checking daily. Is this normal? Cheers
Comments
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Checking daily, no it's not normal. And isn't recommended.
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Is what normal?
Stock prices vary by the second when markets are open.
With the current turmoil due to The Orange One, midterm elections, two serious conflicts and a possible AI bubble about to burst, come back and check in a few years, stocks are a medium to long term investment.
Edit : I have my shares as a portfolio in Google Finance which is my home page, I see what is happening every day but don't stress about it.1 -
Funny old mind set, buy something, your future might depend on it, probably better if you don't look at it.
I could probably just do the annual review but I buy a handful of times a year and I do like to update income monthly.
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The £10k you bought may take a while to recover, although it might recover next week. If it doesn't, your weekly £50 purchases will buy more units than they would have done.
Would you prefer to buy more expensive, or cheaper units, every week?
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The average investor would recommend reviewing your account every 3 months or so.
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As I've said in the thread I check most months, to note my income and make occasional purchases. Do you review 3 monthly and I'm interested does it encourage action?
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Monitoring income, i.e. actual movements of money, is very different from monitoring capital values, i.e. fluctuations that are only on paper until deciding to sell.
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You're stating that as if it was a fact, rather than a personal opinion!
What does an 'average investor' look like anyway?
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I check every day, numerous times per day. Perhaps checking so often means that I sell sooner, I sold Wetherspoons because AI stated that is was a hold and almost a sell, it has gone down a little.
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