2002: Want to Be a Better Investor? Stop Staring at Your Portfolio by Vitaliy Katsenelson

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 21 August 2022

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

Vitaliy Katsenelson of Contrarian Edge shares why you need to stop staring at your portfolio to be a better investor. Episode 2002: Want to Be a Better Investor? Stop Staring at Your Portfolio by Vitaliy Katsenelson Vitaliy Katsenelson is the CEO and Chief Investment Officer at Investment Management Associates. He has written two books on investing, which were published by John Wiley & Sons and have translated into eight languages. The original post is located here: https://contrarianedge.com/want-to-be-a-better-investor-stop-staring-at-your-portfolio/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Optimal Finance Daily episode 2002.
0:04.0	Want to be a better investor?
0:06.0	Stop staring at your portfolio
0:08.0	by Vitale Katzenelson of ContrarianEdge.com
0:12.0	and on your host and personal finance enthusiast, Diana Mariam.
0:17.0	Let's get right to today's post as we optimize your life.
0:25.0	Want to be a better investor?
0:27.0	Stop staring at your portfolio
0:29.0	by Vitale Katzenelson of ContrarianEdge.com
0:34.0	Investors are prone to two opposing but equally debilitating fears.
0:39.0	The fear of missing out when times are good
0:41.0	and the fear of loss when markets are volatile.
0:44.0	These two fears have a zero-sem relationship with rational decisions.
0:49.0	The more you're dominated by these fears, the less rational you are.
0:54.0	So what can we do as investors to move towards maximum rationality?
0:58.0	Here's one piece of advice.
1:00.0	Don't constantly watch your portfolio.
1:03.0	Next time you notice the price of a stock you own moving up or down,
1:07.0	think about the factors that may be influencing that move.
1:10.0	Stocks are owned by people who have very different time horizons.
1:14.0	You'll have mutual funds and hedge funds whose clients often have the patience of five-year-olds.
1:20.0	They're getting in and out of stocks based solely on what they expect them to do
	...

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