Welcome to the 'How Often Do You' series! This series will serve as a reminder for you to do some essential personal finance tasks more regularly and will force you to get a grip on your finances. Just because they are ugly doesn't mean you can avoid them. So let's have an honest look at our finances together and find out how often you...
Check your stocks.
This is a tricky one, because it is easy to obsess over every little move a stock makes. If you're aggressively playing the stock market, it's a good idea to always be on top of your stocks. However, if you're a causal investor, you don't have to check them every hour on the hour. Checking them daily or twice a week is good if you're planning on standing firm. If you have some of your 401k in stocks, it's good to know how they are performing over a long period of time. You don't have to really focus on minor peaks and valleys if you're playing it long.
That being said, if you have stocks in your 401K, don't just consider them part of the 401K so you can ignore them. You want that 401K to grow, so you have to know what is working and what is not.
It is important to have a good idea of the flow of your stock holdings. If something is consistently going down, you would probably want to know that. Additionally, if a stock is rising, it might be a good thing to know as well. Since it is your money involved, it's good to keep a close watch on your holdings.
Generally speaking, the more aggressive you want to be with your stocks, the more often you should check on them.
Do you own stock? How often do you check the value of your stock?