Review every investment's progress and prospects frequently
But don't do them all at the same time. Do each one individually as their circumstances demand, but within a disciplined time frequency.
From an existing stock/ETF portfolio, start your wealth-building strategy by taking just one holding, perhaps not your most sizable one, and do two things: 1) Set a specific next review date, either two or three months from this date, and enter its symbol into a review calendar. 2) Determine now what price progress this investment might reasonably make, and you would be satisfied with, by that date. Put that price target into an online portfolio monitoring system's alert routine to inform you as soon as it may be reached. Don't do anything else today.
Tomorrow repeat this routine with another holding in the portfolio. Continue this daily until all the portfolio's contents are in the review calendar and in the… Read More …