Looking at the market too closely. · Invest & Retire Community

Aug 27 (edited) in Long term investing ideas

Looking at the market too closely.

Do you find yourself looking at the market too closely?

I certainly do.

It is a habit I actively try to correct.

Looking at the market less closely will make me a better investor.

If you ever catch yourself refreshing the stock prices hourly (or even every 5 minutes), analyzing every single tick, stop.

This is how I stop myself from looking at the market too closely

1) Breathe and close your eyes

Yes - close your eyes and shut out all the noise (maybe it is news / maybe it is the chart) - then focus on exactly what you need to do.

If your previous analysis says you need to buy and hold for the next few weeks, then focus on that

2) Open your eyes and step away from your chart

The market moves up and down. The market moving against you this hour doesn't mean you are wrong. The market moving in your favour this hour doesn't mean you are right.

If you know you are holding long term, you simply must close the chart and do something else.

3) Live life

Clean the house. Help out with your wife. Babysit your kids. That's what I do when I am not investing.

Knowing that the market is volatile and the less you look at it - the better you are at making your next investing decision is key.

If you did your homework and you got in at a good price, then you must simply hold till when it is time to sell.

Cheers,

Eric

------

Eric Seto

Chartered Professional Accountant (CPA)

Chartered Investment Manager (CIM)

Founder of 5MinInvesting.com

In September, my goal is to help 20 people without a financial background to master investing through Investing Accelerator.

Investing Accelerator is designed for people without a financial background.

The goal is to achieve 30% return per year.

In the first phase, you will learn long term investing and targeting 30% for tax free compound growth. This will help accelerate your overall wealth.

In the second phase, you will learn monthly passive income to provide a more predictable cash flow (target 30% per year) which can cover your expenses. This will help accelerate your retirement goals.

If you are interested, then let's hop on a call to see if you can benefit from the strategies in Investing Accelerator and get 30% per year.

During the call, we will map out exactly how you can achieve 30%, what you are lacking, how you can improve.

If you have any questions about the program, you can ask during the call as well.

Schedule a call here: https://bit.ly/48mJlgR

Remember to go to the Classroom tab for additional investing resources.

8 comments