MiniWise: Why Checking Your Portfolio Every Day Might Be Ruining Your Life

Moneywise

Hampton

Business, Entrepreneurship, Investing

4.8 • 674 Ratings

🗓️ 21 January 2025

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

Are you obsessively checking your portfolio—or avoiding it entirely? What’s the right approach to managing your money post-exit? In this Mini-Wise episode, Sam Parr breaks down how three ultra-wealthy entrepreneurs—Chuck (net worth: hundreds of millions), Travis (net worth: $50M), and Anne Mahlum (net worth: $100M+)—handle the mental rollercoaster of market fluctuations. Each shares their unique strategy, from completely logging off to obsessively staying informed, and how these choices impact their peace of mind and financial outcomes. Chuck sold his company for $2.5 billion but realized his daily portfolio check-ins were ruining his mood, so he outsourced entirely. Travis stopped compulsively tracking his investments and focused on growing his next business instead. Meanwhile, Anne Mahlum embraces daily oversight, crediting her disciplined research and comfort with market dips as key to her 20%+ portfolio growth. In this episode: The emotional toll of tracking massive portfolios. Why "logging off" works for some investors—but not all. Anne Mahlum’s take on how staying informed helps her make bigger, smarter bets. Learn how to match your investing strategy with your personality—and find the tools and habits that bring you both peace and success. This is Moneywise, a podcast where host Sam Parr is joined by high-net-worth guests to explore exclusive insights into personal finance and lifestyle tailored for other high-net-worth people, or those on their way. They'll get radically transparent about the numbers, revealing things like their burn rates, portfolios, and spending habits. Who is Sam Parr? Sam is a serial entrepreneur and the co-founder of The Hustle, which he sold to HubSpot in 2021. He's also the co-host of one of the world's top podcasts for entrepreneurs, My First Million. Known for his insightful business acumen and candid communication style, Sam Parr continues to be a prominent figure in the world of media and entrepreneurship. Sam's newest and biggest venture yet is Hampton, which he co-founded in 2022. Check out Sam’s Companies: Hampton Sam’s List This podcast was made for the Hampton community, a private, highly-vetted, peer membership community for founders and CEOs of fast-growing, tech-enabled startups. Chapters: Introduction to Mini Wise (0:00) The Emotional Rollercoaster of Portfolio Tracking (00:33) Chuck's Story: Emotional Detachment from Investments (01:11) Travis's Approach: Logging Off for Peace of Mind (02:36) Anne's Strategy: Daily Monitoring and Research (05:05) Conclusion and Final Thoughts (08:29) This podcast was produced in partnership with Lower Street and distributed by Morning Brew.

Transcript

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0:00.0	My friends, today's episode is a little bit different.
0:04.6	Today's episode of MoneyWise is a new little thing that we are calling MiniWise.
0:09.1	You see, on this podcast, we interview a ton of people, and as you've noticed, there's trends.
0:14.1	And there's trends because a lot of times people come to similar conclusions on different stuff.
0:19.4	Like, you'll notice that a lot of times people are unhappy after selling their company
0:23.4	or they're unhappy retiring.
0:25.4	However, what you may also notice is that there's sometimes conflicting advice,
0:30.0	meaning people disagree on different topics.
0:33.0	And on this episode of Minowise, today we're going to be talking about tracking your portfolio,
0:39.0	meaning literally logging in and checking how much you're worth, checking in maybe daily,
0:44.6	weekly, monthly, annually, or even checking at all.
0:48.1	Because when you've got millions or even hundreds of millions or billions, a little dip in
0:51.7	the market, it can mean a lot of money. And when that nest egg
0:55.3	is your post-exit safety net, those dips, they can kind of mess with your head, or at least that's
1:00.6	what I think. I think it might mess with your head. That's what we're going to find out. It does
1:03.7	or not. So the question that we're focused on today is, what can you do about it?
1:10.9	So the first person we're talking to today is Chuck.
1:13.8	Chuck sold his company for $2.5 billion, and he told us that his net worth was in the
1:18.6	hundreds of millions, which means when the market moves one day, let's say it moves one or two
1:23.3	percent, he feels it in a big way.
1:26.7	I would lose a million or I'd make a million.
1:29.2	And the reality is in that number, it didn't matter what I lost or made a million that day.
	...

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