How often do you check your bank account balance, stocks or crypto portfolio? 📈 🤓
Benoit Chambon
59 replies
Does it depend on special occurrence? Do you have a routine? I noticed not everyone check their personal investments information at the same frequency⏱
Replies
Jibril Quincy@mou_jb
This question got me really thinking. I do the check twice everyday. In the Morning and later after office hours.
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Monaguillo.org
Once or twice a day, just to see how it is going. And once a week I do a deeper check and maybe open/close positions. Probably depends on what kind of trading/investing you are into.
Monaguillo.org
@benoit_chambon Yes, historical transactions, performance so far (yearly rate of return), performance of each position (and whether its calculated yearly rate of return has achieved my target) and some research in order to decide whether to close some positions and/or open others.
Monaguillo.org
@benoit_chambon haha, btw in my case that is for stocks, for crypto is totally different: in crypto I am basically only holding
@josue_0 Very interesting! As crypto exchanges are not regulated like traditional ones, they are not bound by open/close market time; as a result, we may assume that a "normal" crypto holder should be more active on its assets tracking than for its stocks portfolio. But it seems to be the exact opposite: you're not the first person telling me that is more active on stock markets watching ;)
Warmup Inbox
For crypto and stock : when I plan to make an order
For bank account: 15th & 30th of the month.
@fabian_maume Oh, very interesting. But what do you plan your order on?
About your bank account checking frequency: why 15th and 30th? If I may ask... ;)
Warmup Inbox
@benoit_chambon
15th & 30th of the month. is when I issue my clients invoice and check if the last were paid. I'm also deciding if I want to move more cash to saving. It isn't hard to know how much is left on your bank account for 2 weeks.
For deciding when to make order:
- When I move cash to saving on 15th & 30th I need to choose which position to open
- I have alert for the spot price of the different assets I'm interested in.
- When I discover some interesting asset I making fundamental analysis and then decide to take position or not.
@fabian_maume Wow thank you for this accurate answer! You seem very methodical! If I may, how do you receive price alert? Phone/desktop? Push/email? :)
Warmup Inbox
@benoit_chambon Phone: Revolut & Delta apps.
Troopr
only once in a while :)
Troopr
@benoit_chambon I get so busy, I know things are more or less fine, I just dont get time..is it unusual? I dont know
Troopr
@benoit_chambon Sorry, I thought you are asking reason for not to open..Yea I open it to check some big transaction or like in year end to file taxes etc
@rashjbp I don't think so, it depends on people interest about their balance tracking :) I also know persons around me that check their portfolio or bank account quarterly ^^ Anyway, I do agree, it can take time, even more if you can have a quick and easy look on your account... Is it an issue you face?
CEO Short List
Ohhhh boy... Recently, it's been BAD. I think partially though cause I've been in more crypto since covid and the exchanges works much 24/7 vs 5 days /week.
@alex_papageorge haha indeed, crypto exchanges are not regulated so there's no open and close market time ^^
stocks/ crypto - every morning, just for fun :D
@adrian_topka Haha fair enough :)
Too many times haha! When the market is up, I get over excited and I check it several times in a day. I think it is also due to the volatility of crypto and the constant up and downs.
@martin_delobbe1 I do agree haha! Maybe you'd spent less time in watching price variation if you could set up threshold-price alerts, right? ;)
Pretty much daily - mostly focused on reconciling expense transactions rather than stock/crypto balances.
@benoit_chambon - so I'll walk that back some - my previous statement stands for 95% of my overall financial portfolio. Whereas for the 5% I've got allocated to play with in Robinhood, I check multiple times a day out of curiousity (maybe boredom) - looking for stuff to buy. 💎🙌
@benmorrison oh okay! Is it because you're in a "hodl" strategy?
Panda Wish
As little as possible lol :)
@pandacashback "little" ? Why? :)
For stock investments & crypto : by the hour (really) at the beginning, then every day and now moving slowly towards a longer term/more mature approach -> i.e. probably still checking it informally every 2-3 days but not with the same excitement :)
@valentin_haarscher I guess excitement depends on the market's mood maybe? I must admit I check prices more often when it's bull market ;)
Oh, Hi Market!
In salary day and when I receive a notification of the flow of funds on the card :)
@nika_vinichenko thanks for your reply! If I may, does your notification come from your bank app or from another (like a banking accounts aggregator for instance)? :)
Oh, Hi Market!
@benoit_chambon Banking application notification :)
Apparently humans are more likely to act irrational and make a trade if you check often. When investing it is typically better to hold long term. Checking too often could actually cause you to loose out on riches. I check everyday that being said hahah :(.
@jack_davis7 Hahaha, you check everyday but do you consider yourself as an irrational investor then? ;) (I see what you mean btw, but my point is that I think irrational will remain irrational, no matter if they "hodl" or trade everyday, but I can be wrong haha!)
Every othe day :-)
@osborne_shona why? what do you track? :)
In salary day :)
@chandan_shopify only this day? you never check your balance? :)
couple of times in a day. Why? Don't judge me😂😂😂😂
@cedric_misner haha no don't worry about that! It's not about frequency only, it's all about the reasons of the frequency, so I'm a bit curious why you check it "couple of times a day" :)
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