Monitor your investments regularly from "summary" of Buffettology by Mary Buffett,David Clark
The key to successful investing is to keep a close eye on your investments. You can't just buy a stock and forget about it. You need to monitor how it is performing over time. By doing this, you can identify any potential problems early on and take action to address them before they escalate. Regular monitoring allows you to track the progress of your investments and ensure they are on track to meet your financial goals. If you notice any signs of trouble, such as a decline in the stock price or a drop in the company's performance, you can take steps to protect your investment. Monitoring your investments regularly also helps you to stay informed about changes in the market. By keeping up-to-date with the latest news and trends, you can make more informed decisions about when to buy or sell a stock. This can help you to take advantage of opportunities when they arise and avoid potential pitfalls. In addition, keeping a close eye on your investments can help you to stay disciplined and avoid making impulsive decisions. It's easy to get caught up in the excitement of the stock market and make hasty choices that can have negative consequences. By monitoring your investments regularly, you can take a more rational and measured approach to managing your portfolio.- Monitoring your investments regularly is essential for successful investing. It allows you to track the progress of your investments, stay informed about changes in the market, and make more informed decisions. By staying on top of your investments, you can protect your wealth and increase your chances of achieving your financial goals.
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