It is that hectic crazy time of year again. Do you know what your stocks are doing?
‘Cause I sure don’t.
People ask me why I have a financial advisor. Can’t I do it myself? And for cheaper?
Maybe if I had the time. Most of the year, I do. This time of year? No. I hardly have time to whip up these blog posts, not to mention track my stocks.
I have some stocks in my fun portfolio (not managed by the advisor) but I ensure that before I start to get busy (November 1st), I have my funds in solid, dividend paying, going to hold forever stocks. Either that or cash. Once a day or week depending on how crazy my life is, I check to see whether there has been any new news on the companies. Other than that, I do nothing.
My financial advisor, on the other hand, has his instructions. He knows what I like (‘cause I’ve told him that often during the rest of the year) and he is more than competent enough to make decisions in my stead. All I do is review the trades… oh, and work on the zillion other things I have going on (did I mention that my youngest sister is getting married in a week and a half? Adding to the chaos).
I hear from many other investors (mostly male) that I should make investing my first priority. Really? ‘Cause I consider investing a way to give me the life I want. That life (and the people in it) is my first priority.