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Episode 3732:
Ramit Sethi explains why checking your stocks every day is a recipe for anxiety and poor money management, and why most market news and pundit stock picks are noise rather than signal. He walks through the context worth weighing when a stock drops, then makes the case for a simpler approach to investing: a low-cost, diversified index fund and an automated system that keeps you investing consistently.
Read along with the original article(s) here: https://www.iwillteachyoutoberich.com/dont-check-your-stocks-every-day/
Quotes to ponder:
"Sweating out the slightest variation of your stocks daily is a recipe for an anxiety attack AND poor financial management." "I only check my stocks once or twice a month to make sure the automation is working." "For financial security, it's more important than anything else to start early."
Optimal Finance Daily is a daily personal finance podcast where we narrate the best articles on financial independence, investing, saving money, and money management, read to you by a professional narrator so you can grow your wealth a little more every day. Learn more about your ad choices. Visit megaphone.fm/adchoices
