Maybe you also need a period of cold turkey from that? ;-)CaptainFlack wrote:What I've found quite difficult with is news that mentions shares I hold. I'm also a news junkie ...
Gengulphus
Maybe you also need a period of cold turkey from that? ;-)CaptainFlack wrote:What I've found quite difficult with is news that mentions shares I hold. I'm also a news junkie ...
I'm in a similar position I think, and rather than thinking how long I'll be 'able to cope', I'm now actually asking myself a different question -CaptainFlack wrote:
Okay, I'm actually finding this easier that I expected now I'm almost a week in. I've absolutely no idea how much paper money I've lost or gained.
There have been a few clues I've picked up, and for about two seconds I was wondering today if the news around UK retailers suffering the worst October since 2008 had impacted mine.
Probably, but then my two retailers are more staples than fashion or electricals et cetera so they might not have fared too badly. Not a lot I can do anyway, and if they have dropped then it suits as one of them is one of my regular monthly buys.
Not sure why I'm looking so negatively here, my usual guess work on which way a share will lurch on news or results is generally wrong anyway, they could have risen!
The urges to find out my portfolio value are definitely subsiding which is good news.
Itsallaguess wrote: The urges to find out my portfolio value are definitely subsiding which is good news.
It has been a very difficult three days. Two, if not three (I'm trying to forget) shares I hold have been in the news this week. All of them, according to the media, having posted worse or conflicting figures which have left me with no idea, but some apprehension, as to the direction they have travelled in. I didn't not read the news items, and one share I have has taken a small tumble as the early trading data was published. Personally, the fact I haven't gone straight to my portfolio to garner the actual figures is good news.Itsallaguess wrote:I've had a couple of testing moments in the past couple of days, as I'm still receiving my company-specific RNS releases into my emails via the free Investegate website, and a couple of holdings have had possibly price-changing news. Nothing major-major, but certainly very interesting stuff, which has been difficult for me to ignore. I've managed to do so, but this was a new challenge to me for the past couple of days that I've not had to deal with until now.
I'm still holding on, mind, and it's Friday tomorrow and if we squint, we're nearly a third of the way through November already....
Hold steady people! Onwards and upwards!
Cheers,
Itsallaguess
Yes, I think that's more or less where I am today, having gone through a similar process where some key news items have not led me to 'have' to take a look to see how things have been affected.CaptainFlack wrote:
It has been a very difficult three days. Two, if not three (I'm trying to forget) shares I hold have been in the news this week. All of them, according to the media, having posted worse or conflicting figures which have left me with no idea, but some apprehension, as to the direction they have travelled in. I didn't not read the news items, and one share I have has taken a small tumble as the early trading data was published.
Personally, the fact I haven't gone straight to my portfolio to garner the actual figures is good news.
In general though, I am thinking less and less about what's going on. I think that with a week where I have no news affecting my shares, there will be no urges.
Similar situation again for me, where I usually transfer funds from wages into my accounts, and also tend to update my dividend-pot amounts on my spreadsheet, and it's been a good test not to 'have' to do so....I've still done the transfers, but just not done any updating, as that would have exposed me to the other data that I'm trying to keep away from....CaptainFlack wrote:
Next week, the primary challenge will be when I see the monthly payment go out of my bank account and I know where it's heading. That will be the first time since this experiment started that there will be updates to my spreadsheets which I need to ignore for now.
That works for me and is easy to achieve.Itsallaguess wrote:One thing I meant to discuss yesterday, for anyone still keeping away from portfolio activity/visibility, would be to ask if they could record the percentage difference between overall portfolio value when they last looked, and then when they next look, and also recording the length of time between snapshots?
I think that would be an interesting set of metrics for us to be able to look back on, and perhaps for us to even use as justifiable data to prove whether it would or wouldn't have mattered had we not run this little experiment.
Potentially, to be able to say that any time period without constant monitoring mattered little in terms of overall portfolio value would be a good basis to help convince ourselves that we may as well ramp down our monitoring drum-beat.
I'd also actually be interested in a per-holding percentage difference as well, just for completeness, and I'll be recording those value differences here in percentage terms for my own individual portfolio holdings if anyone is interested. I won't be identifying holding details, other than a list of holding percentage differences, so I hope such anonymised data wouldn't be an issue for anyone else to provide if they are willing and able to do so?
I appreciate that this second bit of work would involve a little more time, so I can't of course expect anyone else to do that here, but it would be great if anyone getting this far could at least record the overall portfolio percentage difference, and post their findings on this thread, along with the time-scale the difference was seen between?
Cheers,
Itsallaguess
Me too, and it's also come as a personal surprise as to how easy it's been.CaptainFlack wrote:
I'm still avoiding looking and I'm genuinely finding it easier than I expected.