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Monitor the performance of your investments regularly from "summary" of The Little Book That Beats the Market by Joel Greenblatt
As you begin your journey in the world of investing, it is crucial to understand that simply purchasing stocks and then forgetting about them is not a sustainable strategy. Monitoring the performance of your investments regularly is essential to ensure that your portfolio is on track to meet your financial goals. By keeping a close eye on how your investments are performing, you can make informed decisions about when to buy or sell stocks. This proactive approach allows you to take advantage of opportunities in the market and avoid potential pitfalls that could negatively impact your returns. Regularly monitoring your investments also helps you stay informed about any changes in the companies you have invested in. By staying up to date on company news, financial reports, and industry trends, you can make adjustments to your portfolio as needed to reflect the most current information available. Additionally, tracking the performance of your investments allows you to assess the effectiveness of your investment strategy. By comparing your returns to relevant benchmarks and evaluating the overall performance of your portfolio, you can identify areas for improvement and make adjustments to optimize your investment strategy.- Monitoring the performance of your investments regularly is a critical aspect of successful investing. By staying informed, making informed decisions, and continuously evaluating your portfolio, you can increase your chances of achieving your financial goals and building wealth over the long term.
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