I Check My Stock Portfolio Every Day And It's Making Me Uneasy!
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- เผยแพร่เมื่อ 16 พ.ค. 2022
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Investing made easy: When Dave gets calls like this, I buy.
What did you buy today? How much?
@@teeduck what is your net worth and tax ID #
Yep
Me too. Do the opposite of the crowd
@@teeduck not today but yesterday i was lucky to pick up 500$ worth of apple shares at 142.00$. Now my average is at 137.00$. I only got 12.something shares but u gotta start somewhere
We survived 2008, we can all survive this too! We've got this. *fist bumps all around*
I needed to hear this! I check everyday and I’m driving myself crazy. Thanks Dave!
3:46 "I practiced for an hour and a half and then I went and played with myself"
Sounds a heck of a way to keep your mind off of the portfolio!
😂😂😂😂
Loooool
yeah, but just a hole or two
Panic sell at a loss now and buy back in at all time highs.
lol
Please! Make me more money
Now someone’s using their head!
So you don’t miss out.
This is (not) the way.
EVERYBODY’S portfolio looks much worse (unless you’ve been shorting 100%). NOW is when you start buying. I wish I had more capital to do that.
Thanks for the good reminders, Dave. I have had this problem as well, even when my whole portfolio was just wide-range index funds (VTI/VXUS combo for the win). But even with the individual stocks I have as "cherries on top" of the bedrock index funds, I've decided through thick and thin, to treat them as if the money is gone for at least 10 years and to keep reinvesting dividends. Also, if I pick any stocks, it's usually "boring" companies with long-proven successful track records (Realty Income, Canadian Pacific Railway, Air Products & Chemicals, Coca-Cola, etc), rather than going for "flash in the pan."
"The secret to happiness is low expectations" can be applied to so many things! 😆
Love it. I gotta put that on a t-shirt.
He who is not satisfied with a little, is satisfied with nothing.
Stealing Charlie Munger’s lines
This is what a sale on stocks feels like! I’m buying the dip!
the dip will likely keep dipping for now so DCA will be your friend
Sorry for your loss in advance.
Hello, future millionaire :)
If your portfolio makes you uneasy you're invested in things you aren't sure about. Or you're investing too short term.
That’s not the issue here
Love Dave's easy to understand analogy to this question. I obviously benefit a great deal from this. These explanations are quite liberating to me. Thanks Dave.
Dollar cost average index funds for 10+ years. Problem solved.
Yup people don't listen to this enough
it's hard to build discipline
has it proven to be effective for yourself after 10 years?
@@bun4638 No because I haven't been investing for 10 years. But it has been effective for everyone who has.
@@KurtisB I hope it works out well for both of us...
i remember in march 2020, in the middle of the pandemic crash, dave told his audience to calm down. then he gave the statistics of recovery from previous crashes that all resolved within one year.
I wanna watch that, what was the title of the video?
"Hey, Doc - it hurts when put my arm behind my back". Doc - "Then don't put your arm behind your back".
He knows what he's talking about. This guy's podcast reminds me of Warren Buffetts speeches. Insightful. I'll put my money on it.
This was a freakin perfect question and answer. It is what I need as well.
Great advice, Dave. I also needed to hear this. Thanks
stop checking your portfolio everyday....are you retiring any time soon? If no, then stop looking at it.
What if you are retiring soon. Check it everyday then?
@@teeduck it was a figure of speech. I still wouldn't check it. But that's me.
love it. such wise men.
Doctor, it hurts when I do this! Stop doing that!
warren buffet's been buying like crazy since stocks are on sale
Thanks! I needed to hear this
As a new investor I am guilty of this and have lost sleep thinking about it.
I don’t check stocks during the downturns…only when there are good days although I do track various portfolios at the end of each month….Dave is right about long term investing
stop picking stocks. start buying the index. sleep sound
SCHD ftw
Or wait until Elon invents a Time Machine, go back in time and invest in Enron, Icelandic banks…or go with Bernie Maddoff…🤪
this is what i do all the time but i enjoy the excitement and emotions but i also never do anything on impulse
Why do people keep wanting to buy high. If we get a crash I’m staying all in.
👌🏻 secret to life! love mr ramsey!! 💜
Stop looking, start buying!
What if you don’t have 20 years?
🥺
Since this guy is a business owner. Here is what I would say. Imagine you are majority owner and run day to day operations of business. If the minority owners called you every day to check on the business to see what the “value was” there would be fluctuation day to day. Eventually you would tell them to stop checking in EVERY day because there are factors beyond your control that may change how the business looks day to day. But in a long period of time a good business will adapt and do well. As owners of mutual funds etc. we are that pesky very minority owner “checking in” every day. Just need to stop because it doesn’t help how you view your ownership in those business. Monthly / Quarterly “check in” great! 👍
This is a topic that’s so important and never, ever covered
Its important to check the companies you own every day; not the price. The value will take care of itself. See below the rebalancing items.
You won’t feel that stressful when you’re dollar cost averaging.
I would ask him if he checks the value of his house everyday, since that would be his biggest investment. Of course the answer is no, because there is no way to monitor the day to day price of your house, so just let it be and your house and portfolio will both be worth more in 10 and 20 years from now
My house isn’t my biggest investment. Dont assume.
@@teeduck I wasn’t counting homeless people, sorry
@@HamiltonRb I’ve got a $2 million house
@@teeduck Of course you do, and three horses and an airplane. That’s the beauty of You Tube, no one knows you so you can be anything you want
@teeduck He just mopped the floor with you. Go take a shower and clean yourself off
65-year old still-employed woman who has gotten into that habit too (checking balance of 401(k) account daily), this is great advice. Planning to retire in January 2023 and I don't need to be obsessing . Thanks!
I’ll pray for you
@@rvpcqp lol
I used to do that when I invested in risky stuff. Not worth your mental health
Okay yes buy the "dip" but you should be prepared to hold long term, as in 30 years.
There have been several 'lost decades' in history. 1970s, 2000s, so...it could be 2020s. You would have to buy throughout and wait for 2030s to get back in profit if this happens again.
Idle speculation at its finest 👌
I check my portfolio at the end of every month. I don't look at how much I've gained or lost, I look at how much I've gained or lost versus the index and versus the fund family to see if I need to adjust any of my holdings. If my large cap is performing in the top 25% of all large caps, then the fact that I'm overall down 19% is irrelevant.
Thats a sign telling u to BUY MORE
Dollar cost average into VTI and SCHD
Dr., when I do this, it hurts.
Then don't do that!
I can see both sides of a similar issue. My concern is a house of cards is quite fragile. It seems like people with lighters are approaching the house of cards from every direction.
The WEF for one.
I check about twice a month. Buy the dip!
Reminder... The S&P is still up 20% since Feb 2020...
Buy the dip
Dips in prices do present opportunities to dollar cost average though. I think its important to check prices regularly for that reason. The trick is not to get too emotional when you see your portfolio value crashing on some days.
Many would be better off with savings/checking account.
They don't have the patience for this.
inflation will eat your savings away.
Exactly
If you never want to see your stock investments go down, don't invest. Stick to the day job. One hour in, X dollars earned.
Dave: quit checking it every morning,
Caller: well that’s why I’m calling…
Once a day, your gonna drive yourself nuts and talk yourself into making poor decisions. Building wealth isn't a sprint its a marathon. I look at my balance once a year. And adjust my positions only if necessary. I'm confident that my investments are solid and over the long haul will produce. Over 40 years has proven this strategy has worked well for me.
Dollar cost average and delete/remove the apps from cellphone.
@Austin Duke not overwhelming but marginally I will agree
First problem is, shouldn't be checking it every single day.
I evested into NINE for a while and always loosing. I recently sold when I broke even and it was a mistake because is still spiking
You have to have faith.
If you can’t stomach the volatility of your investments, then perhaps it’s time to reassess your risk tolerance and asset allocation.
Best portfolio is full of diversified uncorrelated assets ....
Dont look at your PnL, just keep investing and know in the long term your portfolio will grow.
He claims to have read his books yet asks the most basic common sense questions.. yikes.
Keep buying and stop watching TV please.
Just buy the S&P 500 & QQQ.
This is good, but not perfect. Growth stocks are getting hosed and that is what Dave touts.
Every dollar that I have placed into my 401k this year...poof....gone...not being displayed in the numbers on the screen.
Maybe it will show itself in 2023 or 2024....hopefully
You're thinking about it wrong. The money didn't vanish. It bought stocks. As long as you have not sold the stocks that money bought, you have not lost money.
You don’t lose until you sell. It’s a paper loss only.
Buy the dip.
It’s up today. So what did you buy yesterday?
Chargepoint was a good buy yesterday..
Don’t agree, if you are approaching 80, there may not be enough time to recover any loss!!!
I check everyday 103 different stocks I bought I check everday,especially when each pay dividends
What about when u retire and you check it and it’s way down.
Then your portfolio has incorrect risk balance
Set up your stop loss!!
“The Sky Is Falling”.
Buy high and sell low!
Tesla, Google, and Amazon is all you need
That's what I've been buying!! Those stock Splits will be juicy
@@jorgesalazar818 google is a cash cow. I valued it under the worst scenario at 1600 per share and best case scenario at 4200. :P I want to buy more and hold for life. >:)
@@darkshadow955 buy before the split and after the split and then just keep buying.
Duffer Dave :)
🐟💰 Just Keep buying, Just Keep buying. 💰🐠
Check it quarterly
I gotta be a golfer
3:49
Back up a couple percent today, hope you didn’t sell!
Also, a self employed businessman not understanding this concept is… concerning.
Thank you༎ຶ‿༎ຶ portfolio has been depressing....
check it once a month. thats it.
When in Doubt, Zoom Out.
Comments: I’m buying now
Who cares. Just holding. lost half my savings. Don’t care because I’m holding anyways.
Then don’t check it. It is what it is…
Who can afford to golf or will be?
looks like Dave put one finger somewhere he shouldn't
If everyone thinks what he says, then who are selling?
1929 disproves your opinion.
i went to the doctors office the other day and told the doctor whenever i raise my arm over my head like this, it hurts. the doctor told me to quit raising my arm over my head. problem solved
that is the stupidest thing to do., unless its a joke!
Exactly! Like why can’t he figure this out himself?!
@@Fedgery007 He probably could. But what's wrong with getting the opinion of someone else. Get it! Not all of us are perfect.
@@NaNa-lt1po yes...it is a joke
He panic sold? Pamp it
Dave your wife decided you will play golf?
Sam Zell goatee
Elon has a plan.
What if your over 80 years of age?
This guy really needs to ask his question and then shut up. How can he hear what Dave has to say when he's running his yap constantly?
I do the same thing and wonder what these idiot Dave certified "money managers" are doing!?... All I see is 100% risk on exposure and huge swings
Depends on your time horizon and risk tolerance. If somebody else is managing your money, they have to be clear on your risk tolerance, and when you may need to start withdrawing from your investments
Putting people in high fee funds. You are guaranteed to lose 1.5% every year with some "advisers"
Pay attention to your gut feeling. Move everything to cash. Then when the Dow drops to 8000 you can smile.
If you have heavy amount of money. I would agree with you. But if you have a-couple thousand in a stock. I probably wouldn’t touch it especially a dividend stock
If you’re always checking stocks, isn’t that unbiblical. Wouldn’t that fall under the love of money? Stocks have become your idol instead of God.
God isn’t real? 🤡
That is the stupidest thing y could ever say wow
Buying VT VOO Home Depot Target TROW price INTC AT&T Verizon qualcom ups Morgan Stanley and anymore? I’ll take suggestions please
amd Tesla pltr
Dividends?
tsla, aapl, amd, nvida, schg, schd, amazon, google,
Shouldn’t be investing in the first place if you do this. Not that hard
Fashizzle
I check regularly, however I know the mission and don't freak out if I see thinks dropping. But typically you shouldn't be looking down or behind.
Yep
Don't look. Just don't.
SRB
....there. was a "vet/// nevermind / we aren't even on air now /.... / see some its ,no / ..../ because we're aren't putting it back /....yeeah theeere ya go / ....when if. was relavant / and I was actually talking to people "live on air / ....if there are some/ when I get on in the money / then I'll stop and talk to them ///....// haaaaa / and the obsession,... wouldn't let me think about !! ANYTHING Else!!//... but , when you come to talk/.... I'll try to sit and talk with you/ ...but I have a ...life-like