Sid Meier's Civilization Inspired Budget

Re:Sid Meier's Civilization Inspired Budget by Retric on Friday November 13, 2015 @07:49PM (#10563664)

Unless your dealing with leveraged investments, day to day swings mean very little. Occasionally the market has a huge drop, but right after a big drop tends to be the best times to invest in the stock market. However, mentally people feel the need to double down when it's up and take money out when it's down which can quickly destroy decades of growth.

PS: If you can see a 60% drop and think, yay! great time to invest then feel free. Otherwise, checking once a year is probably fine.

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Re:Sid Meier's Civilization Inspired Budget by Amorymeltzer on Friday November 13, 2015 @09:05PM (#10564030)

I was initially an overly conservative investor, really couldn't accept any risk or loss (I'm young), but tracking day to day swings helped me quite a bit. Something about seeing changes every day, many of them negative, really hit home the meaningless of those changes given timescale I was operating on. I am now a much healthier investor.

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Re:Sid Meier's Civilization Inspired Budget by finance-geek on Saturday November 14, 2015 @01:25AM (#10564731)

This is one of the big points Ben Graham makes in the classic book The Intelligent Investor -- https://en.wikipedia.org/wiki/The_Intelligent_Investor

Essentially -- unrealized losses don't matter unless they are uncover-able losses.

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