Monitor your investments regularly but avoid making impulsive changes from "summary" of The Coffeehouse Investor by Bill Schultheis
Regularly keeping an eye on your investments is essential. It is like checking in on a garden to make sure everything is growing as it should. However, just as you wouldn't uproot a plant at the first sign of a wilted leaf, you should avoid making sudden, impulsive changes to your investment portfolio. Monitoring your investments allows you to stay informed about how they are performing. It gives you a sense of where you stand and whether adjustments might be needed. However, reacting impulsively to every fluctuation in the market can do more harm than good. It can lead to emotional decision-making, which is often driven by fear or greed rather than rational analysis. Instead of making knee-jerk reactions to market movements, it is important to take a step back and consider the bigger pict...
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