I know this is impossible for all of us but I thou

I know this is impossible for all of us but I thought the point this makes is very interesting:

3. Stop obsessively checking your investments.
As long-term investors, what happens to our investments today doesn’t really matter—so peeking at your portfolio all the time is unnecessary and potentially dangerous. In his book “Thinking, Fast and Slow,” psychologist Daniel Kahneman—who won the 2002 Nobel Prize in economics—writes: “Closely following daily [stock market] fluctuations is a losing proposition, because the pain of the frequent small losses exceeds the pleasure of the equally frequent small gains.”

That loss aversion—our tendency to feel more pain with losing than pleasure with winning—might prompt us to cut and run during a market down day. Better to limit our exposure (quarterly check-ins work just fine) and exercise our status quo bias in this instant

Stacy rapacon of marketwatch.

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