You shouldn't look at your investment accounts every day—here's why

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You shouldn't look at your investment accounts every day—here's why (via CNBCMakeIt)

from time to time, but the basic idea is to commit to a long-term strategy that minimizes your exposure to short-term volatility.

That means that day-to-day stock market volatility won't matter as much as you might think, since you're essentially betting on long-term market growth.between Feb. 19 and March 23, but quickly gained all that back and continued to grow, for example. If you had overreacted and withdrawn your holdings when the market crashed, you could have missed out on the recovery and subsequent gains.

This is why advocates of passive investment strategies suggest that you track your investments every few months, not every few days. In doing so, you will avoid the temptation to make knee-jerk decisions based on short-term stock market performance.

 

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