Back to Basics: Effective Tools for Tracking Your Investment Performance

In this episode of The Investing For Beginners Podcast, hosts Dave and Andrew discuss how to manage investment portfolios effectively while avoiding market noise. They offer strategies for monitoring investments over time, using tools like Seeking Alpha and Bamsec for updates, and setting up company alerts for firsthand information. The discussion emphasizes focusing on essential data and introducing deliberate pauses in decision-making to avoid impulsive reactions, aiming to help both new and experienced investors concentrate on long-term gains.

00:00 Track company shares, events, and recommendations.
06:07 Skim annual report, focus on management remarks.
07:21 Checking stock market daily for entertainment, caution.
11:50 Assessed business sustainability during lockdown, waited to sell.
16:33 Balancing portfolio awareness without overreacting emotionally.
18:46 Gathering data leads to better investment decisions.
23:00 Struggling to resist influence from media and peers.
24:10 Focus on ten k and occasional ten q’s for updates.
28:28 User prefers Finchat over seeking Alpha app.
30:36 Emphasize safety in your investment. Have a great week!

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