Chris Mayer: It’s A Bad Idea To Continually Check Your Portfolio

Johnny HopkinsChristopher MayerLeave a Comment

In his latest article at Woodlock House, Chris Mayer explains why it’s a bad idea to continually check your portfolio. Here’s an excerpt from the article:

To start: I don’t like to follow the returns of my fund’s portfolio too closely. For example, I try not to actually log in to the account unless I know I want to do something. I don’t want the daily blow-by-blow on prices. It’s bad for the investing psyche; it makes you impatient and lose perspective.

Those prices flashing before your eyes cry out for action. Feeding that into your brain every day (or worse, multiples times a day) invariably compresses timeframes and makes every day seem important.

Then before you know it, you are one of those people who go around with explanations for why such-and-such stock was up (or down) that day. Seems a recipe for madness. (As Gandalf said in Lord of the Rings: “Tell me, friend, when did Saruman The Wise abandon reason for madness?” I don’t know if this quote really applies here, but I felt like sticking it in).

You can read the entire article here:

Chris Mayer – Woodlock House – Volatility Takes A Bite

For all the latest news and podcasts, join our free newsletter here.

FREE Stock Screener

Don’t forget to check out our FREE Large Cap 1000 – Stock Screener, here at The Acquirer’s Multiple:

unlimited

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.