mickeyd
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Jack Bogle has been quoted as saying that there is no need to continuously check your accounts or even open your quarterly 401(k) statements when they are sent to you. Seems that constant checking leads to unnecessary trading. This article seems to agree with that Idea.
I have tried to follow this course myself over the years and it has served me well.
Stop Checking Your Retirement Portfolio So Often: Columbia Study
“History has shown us that the stock market is a relatively safe bet over the long term because it has typically grown,” Michaela Pagel, assistant professor of finance and economics at the business school, said in a statement. “Investors would be wise to keep this in mind, because those that check their portfolio too often and are driven by the daily or hourly fluctuations in the market may make decisions that have a negative impact on their long-term financial prospects.”
Ultimately, Pagel found that her model investor only looks at his portfolio approximately once a year.
I have tried to follow this course myself over the years and it has served me well.
Stop Checking Your Retirement Portfolio So Often: Columbia Study