The Money Mustache Community
Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: MgoSam on May 28, 2013, 08:34:32 PM
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Hey,
How often do you check your mutual funds? I have no intention of withdrawing any money for the forseeable future, but I find myself either checking how they did at least every few days or find myself checking out how the market did at the end of the day? I realize that this isn't a rational thing to do.
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Depends on how bored I am. If I'm reading more books, I don't check on them nearly as often ;)
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What are you reading right now?
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At least once a month - I update my Net Worth and Asset Allocation spreadsheets monthly, after shuffling my payday money around.
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I'm the worst. I check them (and my checking accounts and credit cards and stock prices) every day. It's not healthy.
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More often when it's going up, perhaps 2x a month. Always curious to see how the different AA sectors respond.
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More often when it's going up, perhaps 2x a month. Always curious to see how the different AA sectors respond.
It's kind of fun watching how different they are some months.
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What are you reading right now?
Currently reading the Hangman's Daughter. About 33% in. I'm working on going through the backlog of books I bought on my Kindle and never got around to reading... So sort of free books?
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Maybe my least favorite thing about mint is seeing them all the time.
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Pretty much every day. It's fun because my local stock market's been breaking records pretty much every week for the past 6 months now. It took a small dip, recently, though. I like to think of it as training my mind to be calm while watching the eventual cyclic crash.
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Like some of the other posters here, I check at the start of everyday... I also have a google finance window open so I can keep tabs on the index I'm invested in. I don't check it very often though
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Isn't the whole idea of these funds that you just check them once a year?
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I don't know about once per year, but yes, one should only check on them occasionally.
Unfortunately, many of us can't help ourselves and we check on them more often.
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^Great article with sensible points. But I still feel a little thrill of accomplishment when I see an increase in my net worth. Maybe because I only started investing last year. The "I'm making money doing NOTHING!" feeling is still very strong.
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I check once a month when I update my net worth chart. Occasionally I'll log in for something more (or to make a contribution - everything is in the Roth) but not usually.
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We finally opened one at Vanguard with the minimum $3k this month -- I've checked a few times, and we've already lost $25! Better not to look, probably.
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I check quarterly or when I have a larger-ish ($1000k+) lump sum to invest. That's so that I can update my freakishly detailed spreadsheet and use the investment to help balance my portfolio and steer it back toward where I want it to be.
Other than that, I simply don't care what they are worth. Husband and I are at least 12 years from "retirement" (and he will almost certainly want to work far longer than that, in some capacity), so the balances just don't matter, and I am not in anything risky enough that I am going to mess with it based on performance.