Fire and Forget, or Tracked All The Way

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  • Murphy_The_Cat
    Murphy_The_Cat Posts: 20,967 Forumite
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    TBC15 wrote: »
    Daily on the way up. On the way down I find my time more usefully spent kicking the cat.

    Edit. Sorry Murphy no disrespect intended.

    Ouch, that hurt:o
  • Murphy_The_Cat
    Murphy_The_Cat Posts: 20,967 Forumite
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    Alexland wrote: »
    In the evening I look at the dollar exchange rate first, then the FTSE100 result (don't worry I am not excessively UK heavy but it gives a feel on the movements to expect), then my ETF valuations.
    Alex

    I find the BBC Global results helpful .
  • Eco_Miser
    Eco_Miser Posts: 4,708 Forumite
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    I log in at the end of every month, and record the valuations, usually some up and some down.
    If I log in during the month to check on dividend payments, I don't even look at the valuations.
    Eco Miser
    Saving money for well over half a century
  • Bravepants
    Bravepants Posts: 1,503 Forumite
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    edited 3 February 2018 at 7:36PM
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    I tend to login daily to check my ISA, in which I have two funds. I need to stop doing it because I keep messing about with the monthly savings plan! I've decided I need to build a higher cash holding at the moment so I am trying to find the middle ground having substantially reduced my ISA monthly savings recently. Not because I am worried about the market, but because I have some house maintenance to pay for and I want to build up a cash buffer for when I hit retirement (based on recommendations for drawdown when markets are low etc.)

    Up until a few years ago I would only know how my AVC was doing from annual paper statements, and I would either be pleasantly surprised or disappointed on one day of the year! But nowadays it's available online and I check it more regularly, I think that's not good, as I will always keep plodding away into my funds no matter what, so checking both regularly is a waste of time for me when I could be doing something more productive with my time.

    I'm even more inclined to check my retirement spreadsheet more often for my future plans as it helps me dream a little! :-)

    In there I have a column of expected balances for my ISA and my AVC on my birth month for future years; for example I know what I should expect given estimated growth rates, charges etc. on each successive birthday going forward. I have a projected target balance for retirement year for my ISA and my AVC (which will become a SIPP at some point). If the real-life balances on my birthday are less than my projected balances I could top-up by making a lump sum payment on top of my monthly drip feed...because units would be cheaper than expected, bargain! If the real-life balances are higher, then bonus and I keep going, again bargain!

    I just need to stop checking so regularly and trust in capitalism.
    If you want to be rich, live like you're poor; if you want to be poor, live like you're rich.
  • msallen
    msallen Posts: 1,494 Forumite
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    At the end of every month as standard, but I'll sometimes take a peek in between too.
  • capital0ne
    capital0ne Posts: 872 Forumite
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    What size portfolios are we all looking at:

    Tiny < £10k
    Small <£100k
    Medium <£500k
    Large <£1m
  • TBC15
    TBC15 Posts: 1,452 Forumite
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    capital0ne wrote: »
    What size portfolios are we all looking at:

    Tiny < £10k
    Small <£100k
    Medium <£500k
    Large <£1m

    Looks like 4 but I'm no optometrist
  • Voyager2002
    Voyager2002 Posts: 15,284 Forumite
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    capital0ne wrote: »
    What size portfolios are we all looking at:

    Tiny < £10k
    Small <£100k
    Medium <£500k
    Large <£1m

    Surely these are all Tiny: it starts to be Small once it is into seven figures...
  • ruperts
    ruperts Posts: 3,673 Forumite
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    I check and record the values of all of my accounts monthly as standard. Some months that!!!8217;s the only time I look. Other months I might check an additional couple of times in response to news about markets falling/rising or whatever. Occasionally I check just to pass some time at work. But more often than not it!!!8217;s just once per month.
  • DairyQueen
    DairyQueen Posts: 1,822 Forumite
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    I check general market movements most days but only look at the impact on my portfolio approx. weekly. The former exercise ensures that I don't suffer peep-and-shock.
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