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How much time per day (or week) do you spend on financial 'stuff'?
01-17-2015, 10:54 AM
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#1
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Full time employment: Posting here.
Join Date: Feb 2014
Posts: 731
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How much time per day (or week) do you spend on financial 'stuff'?
Just curious....
How much time per day or week do you spend on financial 'stuff' like checking your accounts, AA, financial blogs, this forum, other financial forums, watching the talking heads on TV, calculators, selling/buying assets, estimating taxes, etc
1 hr per day?
1 hr per week?
All day long every day?
I'm probably in the 1-2 hrs per day.
But now that I'm FIREd - maybe more...not sure yet.
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01-17-2015, 11:06 AM
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#2
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2004
Location: South Texas~29N/98W Just West of Woman Hollering Creek
Posts: 6,671
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I have never given it any thought actually, but I enjoy reading about financial matters and I am interested in financial-related TV shows that I may view from time to time. I seldom do any checking or trading in my personal investment accounts no matter what I read or view. Just trying to get a little smarter each and every day so as to keep up with this wise group of folks. 1-2 hours/day is probably close for me also.
__________________
Part-Owner of Texas
Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx
In dire need of: faster horses, younger woman, older whiskey, more money.
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01-17-2015, 11:11 AM
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#3
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Thinks s/he gets paid by the post
Join Date: Oct 2014
Posts: 1,537
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Good question. Depends on the day/weather/etc... Probably an hour a day or less on financials, accounts, etrade, etc... Maybe 30 minutes per day on financial talking heads and another one hour on news. Outside working in the garage/walking the Great Dane at least 2-3 hours per day. Watching ESPN 2 hours per day. Reading for an hour per day. At least 2-3 hours bothering the DW daily. an hour for a workout 5-6 days per week.
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01-17-2015, 11:27 AM
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#4
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,202
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How much time per day or week do you spend on financial 'stuff' like - checking your accounts, AA - quarterly at a minumum, maybe 2-3 times per year beyond quarterly
- financial blogs - rarely
- this forum - WAY too often
- other financial forums - occasionally
- watching the talking heads on TV - almost never, waste of time IMO
- calculators - occasionally, none regularly
- selling/buying assets - less than an hour/year
- estimating taxes - about 1-2 hours/year
- reading online financial articles - 1-2 hours/week
I spend very little time managing financial stuff other than this forum. Online tools and my own spreadsheets make managing very time efficient.
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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01-17-2015, 11:28 AM
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#5
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,004
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Quote:
Originally Posted by BBQ-Nut
How much time per day or week do you spend on financial 'stuff' like checking your accounts...
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~ 5 minutes/day
Quote:
~10 minutes/month
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~ 10 minutes/month
Quote:
I'm taking the 5th on this one.
Quote:
other financial forums...
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~ 30 minutes/month
Quote:
watching the talking heads on TV...
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Zero
Quote:
~ 30 minutes/month
Quote:
~ one hour/year
Quote:
~ two hours/year
__________________
Numbers is hard
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01-17-2015, 11:39 AM
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#6
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Recycles dryer sheets
Join Date: Apr 2013
Location: The sticks
Posts: 314
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Maybe a few minutes a day spent paying bills, checking accounts etc. another 30-60 minutes on this forum (I'll list them separately because time spent here is often addressing non-financial topics).
__________________
I’m not much on seizing the day. I just kind of poke it with a stick.
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01-17-2015, 11:40 AM
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#7
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2011
Location: NC Triangle
Posts: 5,807
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Good answer. Forget those vomiting heads.
You just keep thinkin', Butch. That's what you're good at.
__________________
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01-17-2015, 11:57 AM
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#8
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Moderator
Join Date: Apr 2012
Location: San Diego
Posts: 14,169
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My answers align with Rewahoo.
the checking accounts is just the one step update with quicken, so I can reconcile everything. Easy peasy and less than 10 minutes a day.
I tend to run a calculator "what if" scenario when someone mentions a scenario here and it triggers curiousity. I also run all the calcs at the end of the year just to gut check and plan.
__________________
Retired June 2014. No longer an enginerd - now I'm just a nerd.
micro pensions 6%, rental income 20%
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01-17-2015, 11:59 AM
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#9
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Dryer sheet wannabe
Join Date: May 2014
Location: The Woodlands
Posts: 12
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I spend 1 hour at the end of month each putting together our financial report for my wife and I to review. I might buy a WSJ several times a week. On occasion, I check in with this forum and the Bogle forum.
I have been a Buy and Hold type of guy for the last 40 years. In general, I feel that spending time watching financial stuff is nonproductive; it's a time waister, it's boring. In addition, I've seen so many market corrections in my life time that it's almost a non event to me. It's just background noise. The market is going to do what it's going to do and my eye balls won't change that. But, that's just me. Obviously, others will have a different perspective.
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01-17-2015, 12:01 PM
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#10
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Full time employment: Posting here.
Join Date: Aug 2011
Location: Atlanta
Posts: 507
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Quote:
Originally Posted by BBQ-Nut
Just curious....
How much time per day or week do you spend on financial 'stuff' like checking your accounts, AA, financial blogs, this forum, other financial forums, watching the talking heads on TV, calculators, selling/buying assets, estimating taxes, etc
1 hr per day?
1 hr per week?
All day long every day?
I'm probably in the 1-2 hrs per day.
But now that I'm FIREd - maybe more...not sure yet.
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prob. about 3-6 hours a week. Love doing it
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01-17-2015, 12:06 PM
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#11
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Full time employment: Posting here.
Join Date: May 2011
Posts: 873
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Probably in the 6 hours a week range. Check this forum out everyday.
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01-17-2015, 12:08 PM
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#12
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Thinks s/he gets paid by the post
Join Date: Oct 2006
Posts: 4,629
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checking your accounts, AA,
1.5 hours per quarter - I do a net worth statement once per quarter
financial blogs,
none
this forum, other financial forums,
45 minutes/day - mostly curiosity on what other people do - includes following links which may be to financial blogs
watching the talking heads on TV,
none
calculators,
none
selling/buying assets,
trivial
estimating taxes,
30 minutes each time I make a taxable withdrawal - about 4 times per year
recording actual expenses, balancing checkbook
2 hours per month
producing annual expense summary
8 hours, once per year (includes analysis and projections)
= 40 hours per year on my stuff
+ lots of time I hang around here
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01-17-2015, 12:46 PM
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#13
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Moderator Emeritus
Join Date: May 2007
Posts: 12,894
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Checking my accounts: 1 minute a day (1 click in Quicken)
AA: 5 minutes a month
financial blogs: 10 minutes a day
this forum: I used to spend several hours a day on here but I've cut way back since retiring from the moderator job (maybe 30 minute a day?).
other financial forums: 5 minutes a day
watching the talking heads: 0 minutes a day
calculators: 30 minutes a year at the most?
Selling/buying assets: 5 minutes a month
estimating taxes: 2 hours per year
reading financial articles: 30 minutes a day
So we are talking 1-2 hours a day? sounds like a lot.
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01-17-2015, 01:01 PM
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#14
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Thinks s/he gets paid by the post
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,455
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I would say about two hours a day - updating account values and reading blogs and financial news. The bottom line is way too much time.
__________________
May we live in peace and harmony and be free from all human sufferings.
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01-17-2015, 01:05 PM
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#15
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,007
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Maybe an hour a week as long as it's not tax time or the end of the year.
__________________
Retired since summer 1999.
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01-17-2015, 01:13 PM
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#16
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Thinks s/he gets paid by the post
Join Date: Oct 2002
Location: Chattanooga
Posts: 3,877
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Track my portfolio on Morningstar and usually click on it once per day after markets are closed. So about 30 seconds or less a day. Fortunately I have better things to do with my time.
__________________
Earning money is an action, saving money is a behavior, growing money takes a well diversified portfolio and the discipline to ignore market swings.
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01-17-2015, 01:34 PM
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#17
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Thinks s/he gets paid by the post
Join Date: Jan 2014
Posts: 1,763
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I listen to the financial channel while getting ready for work, listen to financial channel on satellite radio on my way to work, check my brokerage account on my mobile, check the markets when I get home from work, turn on the tv and listen to the financial channel while I'm doing other things, I log in here a couple of times a day and make up a financial report every Friday. Sounds like a lot but when I'm listening, I'm doing other things. I guess about 2 to 3 hours a day I'm listening.
On the topic of other forums, have to say I've gone and looked/read other forums that people on here have mentioned. I haven't registered on any of them because they seem a little too serious. I like this forum, there's lots of information, people don't get too upset and there's always the "ignore" button. I don't think I've ever "laughed out loud" so much as I have on this forum.
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01-17-2015, 02:22 PM
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#18
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Moderator
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 25,299
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My answers are pretty much like REWahoo's. Way too much time here but outside of that perhaps 20-30 minutes a month.
__________________
When I was a kid I wanted to be older. This is not what I expected.
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01-17-2015, 03:07 PM
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#19
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Moderator Emeritus
Join Date: Aug 2007
Location: Northern Illinois
Posts: 16,543
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Checking my accounts: 20 minutes a week
AA: 5 minutes a month
financial blogs: none
this forum: 1-2 hours a day
other financial forums: none
watching the talking heads: none
calculators: none
Selling/buying assets: 1 hour per month
estimating taxes: 2 hours per year
reading financial articles: 30 minutes a week
Sent from my iPhone (:.using Early Retirement .//82339)
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01-17-2015, 03:33 PM
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#20
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Posts: 5,342
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It can vary a lot but i'd say nearly 4 hours most days. That includes following my brokerage account closely on days the market is open and reading a lot of financial articles online. Also check this forum a couple dozen times a day, most days.
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