Keep it simple: You need to set up a good investment portfolio with the kind of asset allocation you know about (stocks, mutual funds, real estate, whatever), and then make sure you're roughly on target with your investment goals.
You need to occasionally monitor your investments to see how they're doing. And you may want to set up automatic alerts through your broker/Google news to keep you informed on major news in the company. How often should you manually check on things? Probably every few months, with a major review every year. But not every day!!
If you’re reading in the press about the hottest investment technique or philosophy, stock, or mutual fund, chances are you already missed that particular boat. By the time everyone knows about it—whatever “it” is—its market has become efficient; no more spectacular gains to be had.
Happy investing!
2 comments:
hey your post served to remind me of all the things I need to get done. and the part about checking on ur investments every few months and not daily was reassuring... but i thought the post could have been comprehensive/specific...as in when you say, things you read in newspapers mean that the schemes are already a little outdated, then we'd undertand it better if there were examples given for the same...good post overall.
Thanks Quest for sharing yr thoughts. It encourages me to do better posts in future.
There wd be as many schools of thought as there are individuals when it comes to Investing. Everybody has a different risk appetite. There are day Traders who swear by charts and there are people who want to base their decisions on fundamentals.
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