Comments on: Is Checking Your Money Every Day Making You Sad?

By: J. Money

J. Money — Wed, 24 Jan 2018 11:15:24 +0000

In reply to Peter. Haha yup! Losing $$$ is more painful than a lot of things in life :)

By: Peter

Peter — Tue, 23 Jan 2018 15:18:18 +0000

I recall reading of an experiment, conducted by some psychologists, that concluded people feel more pain from the loss of $100 than the joy they feel from a gain of $100. I think that is right too.

Besides, it seems obsessive to check finances every day.

By: Kristin @ The Wayward Home

Kristin @ The Wayward Home — Wed, 25 Oct 2017 18:24:08 +0000

I’ve never heard of a negativity bias,…that’s really interesting food for thought! I’ve stopped checking my investments every day because I have ZERO control over the stock market, and check my checking every few days to make sure it lines up with my budget.

By: Owen @ PlanEasy

Owen @ PlanEasy — Wed, 25 Oct 2017 13:46:08 +0000

In reply to James @ Penny Wise Dollar Wiser. Yes! I agree James! With a well diversified portfolio you don't need to worry about it daily. If someone feels the urge to "tinker" with their investments daily then they're doing it wrong. Long term investors don't need to watch the market daily.

By: Owen @ PlanEasy

Owen @ PlanEasy — Wed, 25 Oct 2017 13:43:14 +0000

In reply to Stockbeard. Once a month is good. From my perspective checking the market is ok, as long as you're not seeing a net worth number or investment total.

By: Owen @ PlanEasy

Owen @ PlanEasy — Wed, 25 Oct 2017 13:41:00 +0000

In reply to Balanced Dividends Mike. Absolutely. Personal finance is half numbers and half behavior.

By: ZJ Thorne

ZJ Thorne — Wed, 25 Oct 2017 02:19:38 +0000

While I’m still in the learning phase, I find checking things to be useful to me. So I see what fluctuations are like on a small-scale. I’m hoping this is training me to be prepared for fluctuations when I have a lot. If I develop the non-chalance muscle, it should be easier to stay the course.

By: James @ Penny Wise Dollar Wiser

James @ Penny Wise Dollar Wiser — Mon, 23 Oct 2017 18:07:01 +0000

I don’t check everyday, but do check once every couple of weeks or even monthly – just to make sure things are flowing in and out the way they should be. Fortunately (or unfortunately depends how you think I guess), my money, investments, and portfolios do not go through huge swings so I am comfortable that things won’t change too significantly for me to worry about it daily.

By: J. Money

J. Money — Mon, 23 Oct 2017 16:56:34 +0000

In reply to Adam. That's the power of tracking it, baby! You can easily compare and see how far you've come! :)

By: J. Money

J. Money — Mon, 23 Oct 2017 16:55:20 +0000

In reply to Balanced Dividends Mike. YES!!! Auto-enrolling is so smart too as people are too lazy to change it!! :)