Every time you check your portfolio, thinking you’re being productive, you’re actually doing 2 things:
- You increase the likelihood of panic selling or moving investments around, incurring more fees.
- You add stress because you start worrying about your money.
Instead, do these 2 things:
- Take a couple weeks and decide what you want to invest in.
- Once your investments are set up, leave them alone and check your portfolio no more than once a week.
This is the first part of my new Thursday Thoughts series. These are quick articles that are easy for you to read, fun for me to write, and designed to change the way we think about money. I hope you enjoy them!