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Old 07-20-2021, 04:38 PM   #121
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I have a spreadsheet of our assets that I update on the last day of the month. It's a bit overkill, quarterly would suffice.
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Old 07-20-2021, 05:14 PM   #122
Recycles dryer sheets
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Originally Posted by Enuff2Eat View Post
A friend want to learn about investment, retirement and finance in general. He pop the question "how often do you count your money?" Hmm... caught me off guard and got me thinking.

I find that as I get older and closer to retirement, I obsessively check on retirement account, asset sheets, then calculate retirement needs and FireCal ... something like 2,3 times or even 4 times a week.

Am I nut or is this normal? I know my Buddies check on their stocks everyday because we're on a group chat and lots of "stock tips" exchanged every hour.

Just wonder if you can share your thought. : )

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Old 07-20-2021, 05:40 PM   #123
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I am 70, retired for 14 yrs, I have enuf retirement money to where I don't need to take stock market risk. 16% of my $ is in the stock market, kind of like Mad Money. It's partially to make money and partially just pure entertainment value. I check my balance every day....... more for entertainment.
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Old 07-20-2021, 06:19 PM   #124
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I check my brokerage accounts pretty much daily. It’s an app on my iPad and it takes about a minute. However, at each quarter’s end, I enter everything into a spreadsheet, takes about 15 minutes, and I compare it to past balances to see how things are going.
I check my account balances daily except I don't have any apps.
I also have spreadsheets and compare quarterly statements.
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Old 07-20-2021, 06:39 PM   #125
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seems like people update alot more often when

1) market turn green
2) can't wait to retire

enuff
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Old 07-21-2021, 01:04 AM   #126
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I almost never tally all financial assets across accounts in a precise way. I do keep the checking account in balance and review all monthly financial statements. I sometimes check brokerage accounts a few times per week but sometimes go for months without logging in if I am not interested in buying or selling something.

Due to the daily fluctuations in the market I tend to discount the gains, especially new highs, and mentally tally using very round numbers that are not precise and represent some lower level that is closer to bear market territory.
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Old 07-21-2021, 08:42 AM   #127
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Almost Daily. I have all my assets, bank accounts, retirement accounts and debts in www.personalcapital.com 's "net worth" screen. I just log on, let it refresh, and the current numbers show up. From that point, if I want to know more about something I can drill in and look at holdings, performance, etc.

I don't pay Personal Capital for this service - its free to anyone who wants to sign up. For about 2 years I paid them to manage my retirement accounts, but I switched to someone else for that service, because it wasn't working out for me with Personal Capital. But their web site "Net Worth" tools are pretty good.
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Old 07-21-2021, 09:18 AM   #128
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During bear markets I only check once a month, but during bull markets I check every day almost. Bear markets are tough to swallow, especially deep ones. It hurts to look.
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Old 07-21-2021, 09:36 AM   #129
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During bear markets I only check once a month, but during bull markets I check every day almost. Bear markets are tough to swallow, especially deep ones. It hurts to look.
+1 This is what I tell people; when the market is going up I watch and I'm a happy guy. When it's going down I'm a long term investor. But "watch" means the daily headline numbers. Serious watching is basically an annual event.

The only valid market forecast was J. P. Morgan's (probably apocryphal): "It will fluctuate." Watching on a short term basis is simply watching noise.
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Old 07-21-2021, 10:23 AM   #130
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I check the balances in all our account on first of every month to track the returns of the portfolio with our benchmark.
We keep 5 years expenses in short term treasury bond funds and another 5 years expenses in Vanguard Intermediate treasury bond funds.....so no need to look at portfolio balances daily.
I do look at the daily price movements of the trading stock portfolio which is 3% of our total portfolio......this satisfies my urge to tinker with the portfolio
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Old 07-21-2021, 10:40 AM   #131
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Once a month for me as for my NW and investment performance. I go into Mint and convert all the Canadian money to USD (Mint thinks $ from Canadian account as if it's USD), and graph the whole thing. As for the investment, I have to go to each investing site and put the numbers in my spreadsheet to calculate the YTD rate of returns...
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Old 07-21-2021, 11:11 AM   #132
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Monthly, as far as documenting, mostly to compare my investments to what my FA has of mine. Then just a look see throughout the month or if I want to take advantage of something.
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Old 07-21-2021, 11:16 AM   #133
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I do daily checks with Quicken, weekly with Personal Capital and also linked external accounts in Vanguard and do it maybe 2 times a month.

I feel that in addition to knowing what's going on I can catch any unusual activities early.
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Old 07-21-2021, 01:30 PM   #134
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Twice a year to keep track of our age/assets/spending balance.
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Old 07-21-2021, 01:45 PM   #135
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I review the big picture with the wifey pretty much monthly. She's a basic, big news kinda gal.

I'm the daily, spreadsheet nerd who likes to do different perspective sheets for just about anything. It's my real life Monopoly game.
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Old 07-21-2021, 01:45 PM   #136
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I know many people use Personal Capital app to consolidate their accounts by linking to their accounts in other systems. It is ripe for the accounts to be hacked into. I spent a significant part of my career in information security and it makes me nervous as hell and no way I would use their system.
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Old 07-21-2021, 01:51 PM   #137
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I just check the S&P 500 recreationally a few times a day, if it's going up or at least sideways. I stop it I get scared.

I do a net worth rollup monthly and download important statements since I have to complain within 60 days if something is amiss. I wouldn't be comfortable checking less often, but I don't see a point in checking more often since I'm a passive-aka lazy investor.
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Old 07-21-2021, 01:55 PM   #138
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I know many people use Personal Capital app to consolidate their accounts by linking to their accounts in other systems. It is ripe for the accounts to be hacked into. I spent a significant part of my career in information security and it makes me nervous as hell and no way I would use their system.

Thanks for the perspective based on insider experience. I don't known anything, but I'm always reluctant to hand over the keys to the ENTIRE kingdom too. I try to firewall/compartmentalize as much as possible.
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Old 07-21-2021, 03:35 PM   #139
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I know this is in contrast to the conventional wisdom that says "set it and forget it" and don't check your balances often, but I believed it actually helped me to check my Roth IRA, Roth 401K, and 457B balances daily, especially in the beginning. It has been motivational to see my earnings rise much more quickly than they ever would have been able to with even the best CD or other "safe" account.

And when corrections occurred, and my portfolio valuation went down, it was good training to see that balance go down, but not panic and stick with my plan, also seeing how my money during those times was purchasing more shares, and I think training myself not to panic in the early days of my investing has helped me so far to not panic when there is a more significant downturn than what I have since since I first started around 8 years ago.

I think seeing this, but also seeing the trajectory be overall positive when I actually charted out my balances over time was helpful in understanding how a small investment could grow. My balance is still small compared to so many here, but I'm in a so much better situation than many who don't save or invest at all and keeping close tabs on it has given me motivation to stick with it.

Take what I say cautiously because I wasn't one of those folks in the unfortunate position to be ready to retire during a bad downfall, like the Great Recession. I wasn't even investing at that time, so take what I say with caution as what worked for me with an overall upward market with a few small corrections and "mini recessions" here and there.

I am simply not natured to just forget about this and not be informed of what is going on with my investments.
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Old 07-23-2021, 06:24 PM   #140
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I look over quarterly statements when I get them in the mail. I seldom check online as I stay up with financials in general and know my AA.
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