Guilty Feelings About Part-time Success
Most of the DIY investors I worked with were either completely retired or at least semi-retired. As a result, something that came up in our conversations was that investing wasn’t their “full-time job.” Many pick at it occasionally … some weeks or months committing more time and energy to it than others … but very few are constantly glued to the financial TV programs, economic releases, or earnings reports. The fact that DIY investors don’t necessarily have to spend 24 hours a day, 7 days a week, on this stuff should be reassuring.
However, many of these DIY types admit they feel guilty, worried, or anxious about the time they think they should be devoting to their portfolio management. Factors such as time of year, weather, family dynamics, and personal health all play a role in how much time they commit to the process. Many were also cognizant of the fact that the recent bull market made DIY investing easier. Most agreed they were “investing for the long-term” but, as a group, they were growing weary of the markets’ run. That makes developing a routine an essential part of the DIY investment process. On the whole, this can be accomplished by simply subscribing to news feeds or insightful newsletters, using stock or investment alerts on your trading platform, and scheduling specific dates and times to comb over your portfolio and other reports.