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Old 08-22-2011, 09:54 AM
 
Location: WA
5,392 posts, read 21,385,099 times
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I spend at least an hour a week on finances. Although I normally only make trades a few times a year I believe markets now shift so rapidly that being informed and ready to adjust is very important.
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Old 08-22-2011, 03:32 PM
 
12,671 posts, read 21,050,646 times
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Quote:
Originally Posted by PNW-type-gal View Post
Investing: directly about 4 hours a day, Monday through Thursday. Reading, researching, another couple hours, generally per day. It's pretty much my "job" (only don't tell the IRS that). Got tired of paying an investment advisor to buy mutual funds, especially once I added up the fees I was paying, directly and indirectly.
The best advisor YOU to manage YOUR finances. Good job.
Do you also trade stocks?
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Old 08-22-2011, 03:34 PM
 
12,671 posts, read 21,050,646 times
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Originally Posted by cdelena View Post
I spend at least an hour a week on finances. Although I normally only make trades a few times a year I believe markets now shift so rapidly that being informed and ready to adjust is very important.
Retirement or taxable accounts?
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Old 08-22-2011, 04:01 PM
 
71,468 posts, read 71,652,652 times
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does it matter?
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Old 08-22-2011, 04:31 PM
 
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About 1/2 a week - just to pay bills, etc. Investments bore me to death so I only look at them in Dec and file it all away.
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Old 08-22-2011, 04:37 PM
 
12,671 posts, read 21,050,646 times
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Originally Posted by mathjak107 View Post
does it matter?
Which question?
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Old 08-22-2011, 04:38 PM
 
12,671 posts, read 21,050,646 times
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Originally Posted by LivingDeadGirl View Post
About 1/2 a week - just to pay bills, etc. Investments bore me to death so I only look at them in Dec and file it all away.
Does paying bills bore you also?
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Old 08-22-2011, 04:44 PM
 
1,769 posts, read 2,440,841 times
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Originally Posted by Texas User View Post
Does paying bills bore you also?
Yes, it's the same thing over and over, each month.
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Old 08-22-2011, 05:37 PM
 
12,671 posts, read 21,050,646 times
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Originally Posted by LivingDeadGirl View Post
Yes, it's the same thing over and over, each month.
I use the automatic payment every month where I can.
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Old 08-22-2011, 06:42 PM
Status: "0-0-2 start!" (set 13 days ago)
 
Location: The beautiful Rogue Valley, Oregon
7,287 posts, read 15,339,626 times
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Quote:
Originally Posted by Texas User View Post
The best advisor YOU to manage YOUR finances. Good job.
Do you also trade stocks?
Well, I don't have a broker's license, but I trade stocks, etfs and options (mostly calls and spreads). I am not a day trader but I am a momentum trader with about 40% of my portfolio, so I may hold a stock only a couple of weeks or month until the chart or the technicals give me a sell signal.

I use stops and chandeliered stops extensively: the advisor I like to follow always gives the message: "be a risk manager, not a trader." I don't generally catch absolute tops or bottoms - it is not my intention to try and time that tightly - but definitely it's buy lowish and sell highish.
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