How Often Should You Be Checking Your Investment Accounts?

How Often Should You Be Checking Your Investment Accounts?

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[crazyman]

I check it every 2 weeks after my direct deposit kicks in. I keep an excel spreadsheet that tracks its updates: contributions, dividends, fees, index fund shares and totals.

[taylorcoggan]

I rarely check . The bleeding is only temporary if you have the mindset of investing 5 years ahead and just keep DCA every time you get paid. My mindset advice to everyone if your stocks are so beat down and beat down really bad next week make sure you go for a walk get some fresh air do some exercise/meditation drink plenty of water because all of these can lead to a better mind frame when going through with this and do not panic sell and repeat.

[ckersh]

I track my stuff every evening, just to plan my next move. I know every 2 weeks that I'm buying something, and I also know that I'm buying into my Roth early in each month. I like to look ahead to anticipate my next trade(s). Do I panic? Do I go out and rip my underwear in half on the front porch because I'm down in the market? Absolutely not. This is money I don't need for 15-20 years. You've got to have a strong stomach for times like this.

[chef_moquin]

I use to be a daily checker but I hid my investment apps behind some folders to help keep it out of site, I’ll check about twice a month right around when direct deposit hits

[innocentiuslacrim]

I have a significant portfolio in stocks/some funds and I've been on the market since last millenia :-) I generally check perhaps once per quarter. Checking more often does not generate anything good for me. When I check the portfolio I do not just check prices, I read the most recent investor material and related news that I might have missed. I generally somewhat follow the industries I invest in.

[benjaminjohnson]

Great answer. Awesome show. Stay the course. We will get through this.

[gojl]

My father printed out a summary every week and every month for the 21 years he was retired. I’ve spent the past year hunting for free shredding because of it.
I tend to check every couple weeks

[joecross]

I'm a daily checker because I find that it keeps me motivated to keep investing. Especially right now when it's down. I was in it yesterday and saw the drop and thought to myself "I should toss an extra few hundred dollars in today"

[martithon]

I do check every day, because 1) i see investing also as a hobby, 2) there is so much to learn from the stock market every day

But I do not change strategy, panic sell, etc.

[aiswebmaster]

I honestly check almost every day, but the only emotional response I get when the market is down, is excitement knowing that if I can save a little bit more this month, than it would be even better 🙃

[curtiswfranks]

I enjoy watching the numbers change. Increase or decrease, it does not matter to me. I do not change anything in my behavior (which can basically be summarized by "just keep buying") either. I just enjoy watching the changes.

[slimdawgwoof]

Bank accounts daily to make sure there is no fraud! Investment accounts when I'm planning but no need to often.

[brianmcg]

I haven’t checked mine in about a month. I won’t bother until the markets are back to all time highs.

[cappy]

Time to update your subscriber count on the bookshelf. You're up another 4K!

But who's checking?

[ConserveMore]

I recently started checking every day for motivation to save more. That worked. Only problem is now it's hard for me to take the dips. I just rebalanced to a more conservative portfolio. Was that wrong? I guess it depends what happens next in the markets and when I get back in. But if everyone agrees we're in recession, then we can expect the dip to deepen or stay steady for a while.

[jasonmoquin]

I've made the mistake of looking at my accounts at least twice a week over the last 6 months....it's not pretty. The emotions Brian mentions are EXACTLY what I've been feeling(but not touching anything, though). I've decided today to stay away from it for at least 2 months. I upped it another 2% contributions, too...heh heh.

[lailacraig]

This's a great time to invest, though the market appears to be going through a major correction. Whales move the market, regardless of whose holding... They have lots of cash on hand right now from all the sell-offs and waiting for a buying opportunity that will push the price up.

[leahmcdermott]

I truly don’t understand the people that check their investments daily. Like, there’s no point because it doesn’t effect strategy or how much I’ll invest. I DCA the same amount (usually), the same day every single month anyway, so what’s really the point? I just don’t get it. I’m young too, so I have several decades before I’ll even start drawdown. I ‘check’ my accounts monthly and it’s really not even checking per se, it’s just me updating my net worth statement. Checking obsessively seems like it would do more harm than good. Just formulate a financial plan and stick to it 😂💕

[scotlawrence]

I last checked my 401k balances on January 1st 2022. I will not check again until January 1st 2023. There's no point right now, I simply don't want to know. meanwhile: steady on.

[joshuabernardino]

"More hat & boots than cowboys" Man, I love this team