Retirement Isn’t About Watching Your Portfolio Every Day

Retiring from a job you enjoyed only to replace it with daily portfolio tracking is not a recipe for feeling good. When markets go up, you feel okay, but short-term share market volatility means values will inevitably pull back from previous peaks. Because of psychological anchoring to that previous high point, seeing those drops will leave you in a bad mood and affect the people around you. You need to retire to something meaningful. Daily market monitoring should not become your new hobby. Instead, fill your days with activities you genuinely love doing. When it comes to your portfolio, checking it once or twice a year at your regular review is more than enough. General Advice Only. Robert Goudie is an Authorised Representative (No. 235974) of Consortium Private Wealth Pty (AFS Licence 495401).

Disclaimer || The information provided in this post is general in nature only and does not constitute personal financial advice. Robert Goudie is an Authorised Representative (No. 235974) of AFSL 495401.