… can be a very exhausting task that requires a lot of patience. While I consider myself a relatively patient person, time remains relative. Time passes very slowly when you literally look at your lawn and watch the grass grow for 90 minutes. At the same time a football match passes by very quickly (Munich vs Arsenal is about to start as I write this).So, how do you make sure that time passes quickly when it comes to your investments and that it does not feel like watching paint dry? I for example try to look at my portfolio not too often. Just as with a watch, time tends to go slower the more you look at it. However, I realize that it is so easy to check your portfolio value. I have my brokers app on my phone for example. Strangely I also find that I tend to look more often when things are going well as opposed to when things are going against me. So, how often do I check? I think it comes down to at least 5 times a week. And to be honest, I still think that this is too much but I can’t really help myself. Probably the frequency with which you check also depends on your investment style. A day trader finds my five times probably way to small but I want to be thinking really long term, so why do I check my portfolio that often? I really don’t know. Also telling myself that I should not check that often does not seem to help. It is similar to somebody telling you ‘don’t think of a pink elephant‘ and subsequently the only thing you can think of is a pink elephant.
What do you think about the frequency with which I check my portfolio? How often do you check yours?