You should give your portfolio some deep thought and keep it in the back of your mind throughout your day-to-day, up to a point.
Some investors become somewhat obsessive about their portfolio, and it can cause them to lose focus at their own job, to make impulsive and irrational decisions, and to possibly over-trade. Many other investors need a more consistent system to keep up with it.
With some good software on your side, or an advisor giving you updates, you should be able to keep up with what’s important without becoming too involved. The average investor, left to their own devices, will tend to make decisions based on emotion, and will likely underperform the market significantly.
There is also an opportunity cost to those who have devoted unnecessary amounts of time and energy towards watching and micro-managing their investments. Investing in residential real estate rental properties, for example, can easily become a full-time endeavor, and any other money you might have made with other endeavors or jobs is lost.
A good analogy, especially for business owners, is that the goal is to put your “dollars to work” as if they were an employee of yours, but to let them do their job while you do your job.
As a general rule of thumb it's good to have six months’ worth of expenses saved and kept exclusively for emergencies
Exponential moving averages are an attempt to follow trends more closely by giving more recent information more weight
The effective annual interest rate is the actual annual interest rate on a bond/loan when it compounds more than once/yr
When all company liabilities are subtracted from company assets, the remainder is called shareholders equity
Form 8891 was previously used by individuals with retirement plans held in Canada when they were living in America
The Symmetrical Triangle Bottom pattern forms when a stock price fails to retest a high or a low and forms two trends
Custodians are the institutions which hold your securities for you and provide some related services. Some will hav
Hedge funds can require initial investments that are quite large. This may be somewhere between $250,000 to $10,000,000
SEP IRA is a benefit for employees that uses employer contributions to fund retirement investment accounts for employees