Money and Finance
The prices went up, went down, or stayed the same, but a monthly quote was sufficient.
As long-term, business-focused investors, of course we want to know when the market is offering attractive prices for good companies, but there are ways to keep up without being glued to the quotes screen.
My favorite way to do this is to set up price alerts on your favorite financial website. Yahoo! Finance, for example, has a tool that lets you receive an email whenever a stock reaches a certain price point or rises or falls by a certain percentage.
The stock market is a wonderful instrument that matches buyers with sellers in a very efficient manner, but it's important to remember that it is a means to an end and not the end itself. It's a tool for us to use to our advantage when we need it. The more time we spend researching businesses and the less time on watching the quotes screen, the better off we'll be in the long-run.
Related posts
Best,
Todd
Subscribe to Clear Eyes Investing by Email
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Money and Finance
The Stock Market is a Giant Distraction
“The stock market is a giant distraction to the business of investing.” - Jack BogleEarlier this week, I was thinking back on my baseball card collecting days as a kid and how each month my neighborhood friends and I would get a copy of the Beckett price guide and check the value of our favorite cards.
The prices went up, went down, or stayed the same, but a monthly quote was sufficient.
I can only imagine how much of our childhoods we would have wasted had there been a live quote feed for card prices...
"Barry Larkin went 3-for-4 with two RBIs last night; his 1987 Topps card is up five cents today in heavy trading..."
As silly as that sounds, we have no problem doing something similar as adults with our stock investments, spending time on our smartphones and computers watching green and red real-time price quotes that tell us next to nothing about how the underlying business is performing.
"Barry Larkin went 3-for-4 with two RBIs last night; his 1987 Topps card is up five cents today in heavy trading..."
As silly as that sounds, we have no problem doing something similar as adults with our stock investments, spending time on our smartphones and computers watching green and red real-time price quotes that tell us next to nothing about how the underlying business is performing.
As long-term, business-focused investors, of course we want to know when the market is offering attractive prices for good companies, but there are ways to keep up without being glued to the quotes screen.
My favorite way to do this is to set up price alerts on your favorite financial website. Yahoo! Finance, for example, has a tool that lets you receive an email whenever a stock reaches a certain price point or rises or falls by a certain percentage.
The stock market is a wonderful instrument that matches buyers with sellers in a very efficient manner, but it's important to remember that it is a means to an end and not the end itself. It's a tool for us to use to our advantage when we need it. The more time we spend researching businesses and the less time on watching the quotes screen, the better off we'll be in the long-run.
Related posts
- What to do when your stock plunges
- When should you sell a good stock?
Best,
Todd
Subscribe to Clear Eyes Investing by Email
- Considering Management's "capacity To Suffer"
Earlier this week, Brattle St. Capital shared an interview transcript (originally posted on ValueWalk) with noted investor Tom Russo in which Russo discussed the importance of investing in companies with management teams that have the "capacity to suffer":...
- 6 Key Takeaways From The 2015 Berkshire Conference
Greetings from Omaha! Yesterday, I attended the Berkshire Hathaway Annual Meeting and finally got to see Buffett and Munger answer questions in person. For years I've followed the conference online, but it was definitely worth the seven-hour drive...
- Some Investing Advice For My Son
My wife and I recently welcomed our son into the world and, like any new parent, I've been thinking about all the things I'll need to teach him as he grows up -- how to ride a bike, how to read, and, of course, how to invest. So with a few minutes...
- 3 Ways To Get Better At Selling Stocks
Show me somebody that has a stop-loss order of 10% below their purchase price, and I'll show you someone that's guaranteed to lose 10%. - Peter LynchIn many ways, selling a stock is a tougher decision than buying one. A quick look around Google,...
- Will This Way Speed Up Your Earnings?
I keep lots of my stocks in IRA, IRA Roth and SEP accounts. After observing stock market for a while, I have this idea of speeding up my earnings. Usually I try to spend at least $1,500 per purchase on my stocks. Or if I am not sure in stock or short...