Tip Of The Day: Turn Off The News

by Dual Income No Kids on July 15, 2009 · 0 comments

Hi All,

I realized after coming back from vacation last week, that when I read the financial news, my blood pressure starts to increase. So, here is today’s tip: turn off the news.

Unless you are a portfolio manager or an active trader, keeping your eyes glued to the financial news will just stress you out. It might also distract you from your long term goals via information overload. Buying whenever the news tells you the market is on an uptick and selling everything when it is in a dip will not help you build your wealth long-term. More likely than not you will end up selling when you should be buying and buying when you should be selling.

At most you might consider monitoring your stock investments once per month or once per quarter.

Thanks,

James

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