Katsmeow
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jul 11, 2009
- Messages
- 5,308
+1
I just look once a quarter to update the spreadsheet that I have been keeping for the past 20 years. When I see quarterly gains it doesn't tempt me to spend for some reason. I guess it feels like a long term gain and so doesn't impact my short term spending urges.
I would suggest that it is imprudent to only check your investments once every 90 days. What if someone improperly gained access to your account and stole your money? What if the entity holding the money in error, debited money from your account, or sent your money to someone else?
Yes, yes, yes. I understand that those things are uncommon, but they do happen.
For example, there is the recent thread regarding someone's friend not checking his bank statements for months and $35k vanishing from his account and much of it the bank need not replace because he didn't notify the bank within 60 days.
Personally, I check my investment accounts on a near daily basis. I don't dwell on how much it has gone up or gone down, but I do make sure it is all there and that there have been no unauthorized transactions.