Mr Budget came across an interesting study today and thought it might be interesting to all too.
According to the study, the more frequently you check on your investments, the worse it will likely seem they are performing.
So the more frequently you monitor, the less likely you are to be investing correctly for the long term.
So apparently, the logic goes: the more you look at your portfolio, the more likely you will see a loss since you last looked, and the more you perceive investing to be “risky”. This is a phenomenon known as myopic loss aversion.
On top of that, the more you look at your portfolio too, there will be more opportunities or circumstances to buy or sell your positions. This is likely to cause short-sighted decisions and could hurt your investment performance, often resulting in a lesser return as compared to someone who is