|
|
07-23-2021, 07:53 PM
|
#141
|
Recycles dryer sheets
Join Date: Sep 2014
Posts: 70
|
I download from Quicken pretty much every day, except when I am on the road traveling for work 2-3 days per week. Not so much to monitor investments (but there is that!), but to also log and monitor spending as I prepare for retirement.
|
|
|
|
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
07-23-2021, 07:58 PM
|
#142
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2007
Location: Independence
Posts: 7,298
|
We are on Quicken daily and enter NW # M-F. We use the property tax statement to get a "true cash value" which we use for the places - means every year around November we have a big change in NW. Incoming rents and loan payments, outgoing expenses, quarterly taxes, various lumpy expenses make substantial NW changes and the market wanders up and down but we enter the total stock value and NW M-F with yellow highlighter on new all time high days. It's been a very yellow week.
__________________
"Be kind whenever possible. It is always possible." Dalai Lama
|
|
|
07-23-2021, 09:26 PM
|
#143
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2007
Posts: 14,328
|
I'm curious as to why anyone would check everyday. It doesn't seem actionable.
|
|
|
07-24-2021, 08:01 AM
|
#144
|
Recycles dryer sheets
Join Date: Aug 2008
Location: Fairfield County, CT
Posts: 480
|
Quote:
Originally Posted by travelover
I'm curious as to why anyone would check everyday. It doesn't seem actionable.
|
One reason to check often is for security purposes - checking that balances are at the level you expect them to be.
|
|
|
07-24-2021, 08:51 AM
|
#145
|
Dryer sheet aficionado
Join Date: May 2013
Location: San Antonio
Posts: 41
|
Thought It Was Just Me
Thought I was the only one who did this. I seldom make changes, but I do follow the market and when the market does well, I update the spreadsheet.
Over the years we have found that oftentimes doing nothing works well.
|
|
|
07-24-2021, 11:23 AM
|
#146
|
Thinks s/he gets paid by the post
Join Date: Feb 2012
Location: Northern Ohio
Posts: 3,182
|
Quote:
Originally Posted by travelover
I'm curious as to why anyone would check everyday. It doesn't seem actionable.
|
Neither is a wreck at the side of the road, but somethings are hard to ignore.
|
|
|
07-24-2021, 03:00 PM
|
#147
|
Thinks s/he gets paid by the post
Join Date: Jan 2017
Location: Des Moines
Posts: 1,389
|
Quote:
Originally Posted by travelover
I'm curious as to why anyone would check everyday. It doesn't seem actionable.
|
I do it quickly as part of my morning/coffee routine. Unless there has been a big market down day, then I hold off. I do check my checking account every day.
__________________
Retired in 2013 and we are living the dream!
|
|
|
07-24-2021, 03:13 PM
|
#148
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2017
Location: City
Posts: 10,351
|
Quote:
Originally Posted by bltkmt
One reason to check often is for security purposes - checking that balances are at the level you expect them to be.
|
Have you detected any problems this way?
FWIW I have been reconciling our accounts every month, starting about 30 years ago and don't remember ever discovering any problems. Maybe there have been forgettable small ones, but certainly none that would motivate me to check every day.
__________________
Ignoramus et ignorabimus
|
|
|
07-24-2021, 03:21 PM
|
#149
|
Recycles dryer sheets
Join Date: Mar 2020
Location: Somewhere Cold
Posts: 350
|
Quote:
Originally Posted by wildsun
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.
|
Both Vanguard and John Hancock have a similar free service and I use them both. I may not be checking every single day but at least a few times a week. I like to verify my contributions every week after payday.
I also like to compare the balances between each service to see if there are any anomalies between the two to make sure all my accounts are updating correctly.
I've been checking Vanguard more frequently lately as I'm getting close to a seven figure balance just in Vanguard and once you accumulate seven figures you become a Flagship™ client. Not that I ever used the services offered when I became a Voyager Select™ client a few years back. But it will still be a nice milestone and another sense of accomplishment for me considering 20 years ago I was just beginning to focus on retirement and had only $12K in my 401(k) account when it switched over to Vanguard after a buyout of my previous employer.
__________________
-AM23
|
|
|
07-24-2021, 03:31 PM
|
#150
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2007
Posts: 13,227
|
Quote:
Originally Posted by travelover
I'm curious as to why anyone would check everyday. It doesn't seem actionable.
|
Looking at my "net worth" spreadsheet numbers getting larger and my spending spreadsheet numbers staying steady reminds me that I can blow some of that dough. That's certainly an actionable item. If things reverse, I can go back to regular spending. My VPW plan will cut it more if need be.
Also, it's fun, especially when the left most number increments.
|
|
|
07-24-2021, 03:49 PM
|
#151
|
Thinks s/he gets paid by the post
Join Date: Nov 2014
Location: Austin
Posts: 1,384
|
Quote:
Originally Posted by travelover
I'm curious as to why anyone would check everyday. It doesn't seem actionable.
|
I do a lot of things every day that aren't actionable but I still find enjoyable. In this particular case if someone is prone to making behavioral investing mistakes then frequent peeking might not be advisable.
Cheers.
|
|
|
07-24-2021, 03:59 PM
|
#152
|
Thinks s/he gets paid by the post
Join Date: Oct 2017
Location: Tellico Village
Posts: 2,622
|
Quote:
Originally Posted by mpeirce
Neither is a wreck at the side of the road, but somethings are hard to ignore.
|
so true!!
__________________
Retired May 13th(Friday) 2016 at age 61.
|
|
|
Weird Question... How often do you count your money/assets?
07-24-2021, 05:16 PM
|
#153
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 17,263
|
Weird Question... How often do you count your money/assets?
Quote:
Originally Posted by VanWinkle
[emoji23] so true!!
|
I arrange my gold grickles in neat stacks in my basement vault. Each stack is the next number in the Fibonacci series. I can easily count them daily in under five minutes.
__________________
Comparison is the thief of joy
The worst decisions are usually made in times of anger and impatience.
|
|
|
07-24-2021, 09:32 PM
|
#154
|
Thinks s/he gets paid by the post
Join Date: Aug 2007
Posts: 2,873
|
Quote:
Originally Posted by travelover
I'm curious as to why anyone would check everyday. It doesn't seem actionable.
|
It saves me time. When I’m traveling, I don’t update Moneydance and when I get back it takes me an hour or so to get everything back on track. If I do this regularly, it only takes a few minutes.
__________________
Eat, Drink and Be Merry.
|
|
|
07-25-2021, 09:18 AM
|
#155
|
Thinks s/he gets paid by the post
Join Date: Sep 2017
Posts: 1,110
|
Quote:
Originally Posted by travelover
I'm curious as to why anyone would check everyday. It doesn't seem actionable.
|
My parents were very set it and forget it types. Last year someone hacked their amazon account and then somehow their Costco credit card and charged 12k in gift cards in June and then again in December. A huge pita (for me) to fix. About half they were unable to recover because 6 months had passed.
We’ve found several wrong charges, but I do it more to stay on top of recurring bills or subscriptions that we don’t need.
|
|
|
07-25-2021, 09:22 AM
|
#156
|
Thinks s/he gets paid by the post
Join Date: Sep 2017
Posts: 1,110
|
Quote:
Originally Posted by RetiredHappy
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.
|
Out of curiosity, do you think the same of quicken? Personal capital made me uncomfortable with all of the calls to use their other services so I deleted our account.
I tend to track spend using quicken and then manually log in to our investment accounts. They’re fairly consolidated, so it’s easy to track. Since I only look at the latter on up days, I don’t want to be forced to look on down days when I’m reviewing our budget!
|
|
|
07-25-2021, 04:08 PM
|
#157
|
Thinks s/he gets paid by the post
Join Date: Jun 2021
Posts: 1,577
|
Quote:
Originally Posted by tb001
Out of curiosity, do you think the same of quicken? Personal capital made me uncomfortable with all of the calls to use their other services so I deleted our account.
I tend to track spend using quicken and then manually log in to our investment accounts. They’re fairly consolidated, so it’s easy to track. Since I only look at the latter on up days, I don’t want to be forced to look on down days when I’m reviewing our budget!
|
I have not used Quicken so I do not know how it works. I do track our financial picture in Excel, encrypt and store it on OneDrive in the "Personal Vault". I also keep an encrypted copy on my laptop.
|
|
|
07-29-2021, 06:48 AM
|
#158
|
Confused about dryer sheets
Join Date: Jul 2021
Location: Ridgway
Posts: 7
|
Once a month for me when I reconcile my accounts. Most assets are in commercial real estate, so it doesn't fluctuate. My Vanguard I don't want to see the ups and downs, but still check once a month. We have way too much cash that is basically losing money through inflation, but I can't help thinking that markets will fall, especially as the Delta Variant will influence the economy. I want to have some cash to go shopping for real estate deals at that point. That may be a stupid gamble.
|
|
|
Weird Question... How often do you count your money/assets?
07-29-2021, 06:59 AM
|
#159
|
Full time employment: Posting here.
Join Date: Oct 2017
Posts: 717
|
Weird Question... How often do you count your money/assets?
I use the Mint app daily, not so much to see the totals, but to keep an eye on the daily details. Doing so helped me catch some credit card fraud items recently. Very large dollar items at that. Once a month I download all of our transactions from our bank and FIDO. I run them all through a homegrown spreadsheet that generates reports showing a financial statement line item detail that compares actual to budget. The same spreadsheet also has a tab that reports out our TWRR for all of our cash and investments. Dealing with huge data dumps in massive spreadsheets was one of my routine tasks at MegaCorp. This spreadsheet has only about 20 or so tabs. Simple by comparison…
__________________
Whatever failures I have known, whatever errors I have committed, whatever follies I have witnessed in private and public life have been the consequence of action without thought... - Bernard Baruch
|
|
|
07-29-2021, 07:36 AM
|
#160
|
Thinks s/he gets paid by the post
Join Date: Mar 2013
Posts: 1,018
|
I'll admit to checking my biggest account pretty much daily as I have the Prudential app on my phone and it is just a fingerprint log in to see the balance.
__________________
Well of course it is my opinion, why would I express someone else's??
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|