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Chapter 15. Tracking Your Investments > Why Track Investments?

Why Track Investments?

To some people, the answer to this question will seem obvious. To others, however, it is not at all clear. Why should you go to the bother of following every detail of all your investments on a day-to-day basis? The fact is, you shouldn’t. Day-to-day is a bit too obsessive for almost everyone! In fact, there is something to be said in some situations for making an investment and forgetting about it for months on end. I’ll talk more about the “buy and forget” strategy in a bit. But for now, let’s look at some reasons why you should keep track of things.

The first reason is more emotional than practical, but it can be important nonetheless. It’s the simple human desire to see how your money is doing. If you have invested $5,000 of your hard-earned money in the Acme Cuticle Remover Company, you naturally want to see if its stock is up, down, or unchanged. Sure, it’s easy to get stock quotes on any of a hundred websites or by looking in the daily paper, but it’s much better to have current information presented together with details about your specific investment. After all, the current price of an investment does not mean that much unless it is compared with how much you paid for it!


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