Checking Your Balance Is Making You Sad

Want to start your own retirement plan! https://app.adviice.com/start-discovery?utm_source=youtube&utm_medium=video&utm_campaign=checking-account-balance-making-you-sad Don't have a detailed retirement plan yet? Start your retirement plan for just $9. This includes a comprehensive 30-day email/video course with detailed instructions. --- You finally did it. You crossed a major milestone, maybe it's $500,000, maybe it's $1,000,000, maybe its $2,000,000 or maybe its $5,000,000. Naturally, you're excited, so you start checking your brokerage app every day. On Monday, you're up $5,000. You feel great. On Tuesday, the market dips and you're down $8,000. Suddenly, your stomach drops. Over the long term, the stock market trends upwards. But over the short term, it fluctuates wildly. If you check your portfolio every single day, you are subjecting yourself to a daily emotional rollercoaster where you have roughly a 50/50 chance of seeing your life savings decline. In this video, we're going to look at the math behind market volatility, why human psychology is hardwired to make checking your portfolio a miserable experience, and the exact rule of thumb you should use for how often to log in. --- Disclaimer: This video is for educational purposes only and does not constitute investment advice or financial advice. All information provided is for illustrative purposes only and you should not rely on such information as the primary basis of your investment, financial, or tax planning decisions. Every effort has been made to ensure the accuracy of its contents. No representations, warranties or guarantees are made as to the accuracy of any estimates or calculations provided. Nothing in this material should be construed as investment or tax advice, or a solicitation or offer, or recommendation, to buy or sell any financial product or securities. Before making any financial decision, you should review your situation with a financial planner.