The Tape Watcher

Nothing gets past this investor type

Tape watchers pay attention. They know if the stock market is up or down. The current market price and chart is only a tap away on their phone. This type of investor knows how much their portfolio is worth and worries about how much they are losing when the market has a bad day. Nothing gets past the Tape Watcher.

The risk for this type of investor is that they can easily get stressed out by day-to-day moves in the market. They may even get discouraged when the market is going down and decide to sell when prices are low — bad idea.

It's good to be informed, especially when it comes to your investments, but if you find yourself glued to your phone, checking the market several times throughout the day — it might be a good idea to dial it back a bit. 

Checking the stock market and your investment portfolio monthly is probably enough, and you can use the time you save for something more productive and enjoyable.

Staying informed is good. Obsessing is not.

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